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.

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