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DESCRIPTION:

Subtitle: The Shortest and Surest Way to Understand Basic Economics

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. Covering considerable ground, Hazlitt illustrates the destructive effects of taxes, rent and price controls, inflation, trade restrictions and minimum wage laws. And, he writes about key classical liberal thinkers like John Locke, Adam Smith, Thomas Jefferson, John Stuart Mill, Alexis de Tocqueville and Herbert Spencer.

REVIEWS:

“Hazlitt was a remarkably lucid writer, and this short book is justly regarded as a classic….But it comes across even better in Jeff Riggenbach’s interpretation. Riggenbach has a knack for making routine discursive sentences come alive…he could be a college professor lecturing, the kind of lecturer who really can teach. He sounds reasonable, engaging and thoroughly likeable.”—AudioFile

“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)

HENRY HAZLITT (1894-1993), was a libertarian philosopher, an economist, and a journalist for the Wall Street Journal, New York Times, and Newsweek, among other publications. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine. He wrote several books and is most well known for his book Economics in One Lesson.