Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Aug 2010 · Crown Currency
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About this ebook
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 Economics in One Lesson. 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 Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
“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 Economics in One Lesson. 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 Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
Ratings and reviews
4.5
45 reviews
Barun Kalani
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February 3, 2020
This book is the best book to understand economics. The whole book is written in easy to understand text and has no graphs and stuff that could complicate things for beginners. The author teaches us how to measure the impact of a policy on the economy as a whole. People criticising this book are doing so solely because of ideological differences although all of the examples in the book are pretty sound and backed up by common sense. I'd recommend googling the law of demand and law of supply before you start reading or as soon as you come across those terms in this book if you're a complete beginner, you'll also feel the impulse to Google more terms that you come across in the book, doing so will help increase your knowledge in the subject. I'm gonna pick Principles of Economics by N Gregory Mankiw next.
8 people found this review helpful
Kit Hughes
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October 13, 2016
This book does a great job of de-mystifying the principles of economics. Mr. Hazlitt systematically describes a number of economic fallicies, and uses plain language to break down the concepts into easily digestible chunks. His writing style is crystal clear and flows beautifully making this book a real page turner. Would highly recommend.
7 people found this review helpful
David Ross
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March 2, 2018
Speaks of economic realities, whether they make us feel better or not is beside the point. However many people might dislike the book because of the realities which it makes us contemplate.
1 person found this review helpful
About the author
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 of The Freeman magazine, an important libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal text on free market economics, in 1946, bringing his ideas and those of the so-called Austrian School to the American scene. His work has influenced the likes of economist Ludwig von Mises, novelist and essayist Ayn Rand, and 2008 Libertarian Party Presidential nominee and congressman, Ron Paul. Hazlitt has been cited as one of the most influential literary critics and economic writers of his time.
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