Economics in One Lesson

Economics in One Lesson

eBook - 1979
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With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day.

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.

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.
Publisher: New York : Three Rivers Press, c1979.
ISBN: 9780307760623
Characteristics: 1 online resource
Additional Contributors: OverDrive, Inc
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Amandaroseowen01
Sep 11, 2018

The theories in this novel are very old school. And I don't mean in a classic way. Basic is a good word to describe it; outdated is another.

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byoneoka
Apr 12, 2018

As an instructor who has taught Introductory, Micro and Macro Economics, I've looked at many competing texts. Hazlitt has by far the best approach, looking at the big picture as well as the specifics of an economic issue. What counts in an introduction course is not the specific models and mathematical equations of the subject. These are abstractions of historical economies, which have incomplete and even misleading implications. Uncovering these shortcomings is what graduate level economics is about.

To be relevant, an introductory undergraduate course needs to examine these by focusing on the big picture and on specific economic issues that are alive today. In this way, the author can avoid the tangled web of models that don't work. And the subject can be made far more accessible to the reader. Hazlitt is a master at accomplishing this.

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smalviya
Sep 21, 2010

Recommended for understanding basic economics. Book has been written more than 25 years back but most of the things still hold true.

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