Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics

by Henry Hazlitt

Over a million copies sold!

A million copy seller, Henry Hazlitt's Economics in One Lesson is 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 of The Freeman magazine, an influential libertarian publication.

Hazlitt wrote Economics 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 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.

Economics in One Lesson is one of the most influential books on economic principles ever written. Henry Hazlitt delivers a clear and concise exploration of free markets, debunking common economic myths and providing a foundation for understanding capitalism.

Why This Book Matters

Hazlitt explains complex economic concepts in simple terms, making this book essential reading for students, investors, entrepreneurs, and anyone looking to grasp how the economy truly functions.

Key Takeaways

• How government intervention disrupts free markets.
• The long-term consequences of economic policies.
• The role of supply and demand in shaping the economy.
• Why inflation and deficit spending harm prosperity.
• The dangers of overregulation and centralized planning.

Praise for Economics in One Lesson

"A magnificent job of theoretical exposition." – Ayn Rand

"An essential read for anyone interested in economics and financial literacy." – The Wall Street Journal

About the Author

Henry Hazlitt was a prominent economic thinker of the Austrian School, alongside Carl Menger, Ludwig von Mises, and Friedrich Hayek. His work continues to shape discussions on free markets and government intervention.

ISBN Information

ISBN-13: 9780517548233

ISBN-10: 0517548232

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Economics in One Lesson remains as relevant today as it was in 1946. Don't miss the opportunity to understand economic principles that shape our world.