Economics in One Lesson : The Shortest and Surest Way to Understand Basic Economics
A million copy seller, Henry Hazlitt'sEconomics in One Lessonis a classic economic primer. But it is also much more, having become a fundamental influence on modern ""libertarian"" economics of the type espoused by Ron Paul and others. Considered among the leading economic thinkers of the ""Austrian School,"" which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor ofThe Freemanmagazine, an influential libertarian publication. Hazlitt wroteEconomics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Many current economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication ofEconomics in One Lesson.
This 50th-anniversary edition of Hazlitt's million-selling volume has been updated to include current statistics and an introduction by presidential aspirant Steve Forbes. This lay reader's guide has a place in all collections.
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December 14, 1988
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