Over a million copies sold!
A fundamental influence on modern libertarianism, this
classic guide to the basics of economic theory defends capitalism and the free market from economic myths that persist to this day.
“A magnificent job of theoretical exposition.”—Ayn Rand
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 wrote
Economics in One Lesson
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.
Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than fifty years after the initial publication of
. Hazlitt’s focus on non-governmental solutions, strong—and strongly reasoned—anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make
every bit as relevant and valuable today as it has been since publication.