Economics in One Lesson – Henry Hazlitt

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It is a brilliant performance. It says precisely the things which need most saying and says them with rare courage and integrity. I know of no other modern book from which the intelligent layman can learn so much about the basic truths of economics in so short a time.

F. A. HAYEK

Henry Hazlitt’s explanation of how a price system works is a true classic: timeless, correct, painlessly instructive.

MILTON FRIEDMAN

A magnificent job of theoretical exposition.

AYN RAND

Few people in the history of economic thought wrote with the clarity and wisdom of Henry Hazlitt. His classic primer, Economics in One Lesson, will endure for centuries as one of the best treatises for understanding the world around us!

LAWRENCE W. REED, President, Foundation for Economic Education

You needn’t take a class to learn life’s most valuable economic truths. Hazlitt communicates them here masterfully.

RICHARD LORENC, Executive Vice President, Foundation for Economic Education

If you want to understand how society works and which effects state interventions into the economy have, the very best place to start is Economics in One Lesson.

PHILIPP BAGUS, Professor of Economics, University Rey Juan Carlos, Madrid

This book is the best introduction to economics ever written. I often use it as required reading in my introductory freshman classes at Loyola. It addresses pretty much every crucial point in economics and is written by a world-class wordsmith. It was first published in 1946, but reads as if it was written yesterday. It offers one basic principle (look at both short and long run effects of economic policy, not just for one person but for everyone), and offers some the dozen scintillating examples of what to do, and what not to do.

WALTER BLOCK, Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics, Loyola University, New Orleans

Time moves on, but the principles of economic decision-making in the face of the scarcity remain the same. Politicians wish it was otherwise, but reality always hits them in the face. For that reason, the brilliantly written Economics in One Lesson, should be one of the first books young economists read. In addition, it is an invaluable resource for those who wish to understand how economists think but who do not have time to delve more deeply into the literature.

PHILIP BOOTH, Professor of Finance, Public Policy and Ethics, St. Mary’s University, Twickenham

Henry Hazlitt’s book is a gem in the presentation of free market principles. His use of allegory reflects the brilliant insights of the great free market minds, notably the great 19th century French economist Frédéric Bastiat. Hazlitt’s analysis is as relevant today as ever.

KEN SCHOOLLAND, President, Liberty International