Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
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Considered among the many main financial thinkers of the “Austrian School,” which incorporates Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian thinker, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman journal, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is usually deceptively prescient and far-reaching in its efforts to dissemble financial fallacies which might be so prevalent they’ve virtually change into a brand new orthodoxy.
Economic commentators throughout the political spectrum have credited Hazlitt with foreseeing the collapse of the worldwide financial system which occurred greater than 50 years after the preliminary publication of Economics in One Lesson. Hazlitt’s concentrate on non-governmental options, sturdy — and strongly reasoned — anti-deficit place, and normal emphasis on free markets, financial liberty of people, and the risks of presidency intervention make Economics in One Lesson each bit as related and beneficial at present because it has been since publication.