Economics in One Lesson

By: Henry Hazlitt

Narrated by: Jeff Riggenbach

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. Called by H. L. Mencken “one of the few economists in history who could really write,” Henry Hazlitt achieved lasting fame for this brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession, as well as illustrating the destructive effects of taxes, rent and price controls, inflation, trade restrictions, and minimum-wage laws.

Economics in One Lesson is 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 fifty years after the initial publication of this seminal work. Hazlitt’s focus on non-governmental solutions, strong—and strongly reasoned—antideficit 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.

©1962, 1979 by Henry Hazlitt (P)1996 by Blackstone Audiobooks

Critic reviews

"If there were a Nobel Prize for clear economic thinking, Mr. Hazlitt's book would be a worthy recipient...like a surgeon's scalpel, it cuts through...much nonsense that has been written in recent years about our economic ailments." (J.W. Hanes, former Undersecretary of the Treasury)

Great book about economics fallacy

if you want a economics book for the basic economics principle, then this one is not for you. This book is more like the book of "Economics facts and fallacies by Thomas Sowell". Very impressive and Great. Read this book, then you will found you have a version about the policy as everything else. Don't fool by the statistical and purple prose on newspaper ore magazine.

Anyway, you should never miss this great book.

A lesson few will read, but all certainly need.

I only wish more people were committed to learning these lessons. We can only hope.

Far more applicable today than when it was originally written.

A complete and comprehensive basic knowledge of economics. This book laid out simple explanations for numerous fundamental principles in economics that everyone needs to know. This should be required reading for politicians.

A Must Read For All

If you have the slightest itch to learn about economics, this is where you should start. Goes over all the basics you knew about and more. It is easy to comprehend for all readers. I would recommend this book to anyone. I actually got the recommendation from Mike Rowe.

Title is accurate

the title is accurate. good starting point for anybody that just wants general knowledge.

Best condensed book on economics I've ever read.

This is an incredible work explaining in very clear language basic economic concepts and dissecting the fallacies underlying the flawed economics permeating all spectrum of political parties in the west today.

The message is clear. If these falsehoods are allowed to continue, the slow motion collapse of Western society (that started after World War 1 and has continually accelerated since World War 2) will in short order bankrupt countries, destroy economies and businesses.

The result will be large scale unemployment, radically decreased production and a drastic reduction in the standard of living.

Great information and explanations

The explanations for such complex economics was wonderfully done. The narrator was easy to listen to and did not distract from the information.

great

Awesome, highly educational, no wonder this guy won a pulitzer for this book. I dont want write 15 words extra to finish this review

Good, worth time & thought.

Strong arguments. Good overview of basic Econ principles, from a pragmatic perspective. Excellent food for thought.

Simple, Unabashed Truth

This book, while somewhat dated, still presents basic economic truths in such a way that anyone can follow along. Those that rate it poorly do so only because it confronts the lies they use to push social justice, larger government and bad economic theories.