Economics in One Lesson by Henry Hazlitt


“A magnificent job of theoretical exposition.”
—Ayn Rand

“I strongly recommend that every American acquire some basic knowledge of economics, monetary policy, and the intersection of politics with the economy. No formal classroom is required; a desire to read and learn will suffice. There are countless important books to consider, but the following are an excellent starting point: The Law by Frédéric Bastiat; Economics in One Lesson by Henry Hazlitt; What has Government Done to our Money? by Murray Rothbard; The Road to Serfdom by Friedrich Hayek; and Economics for Real People by Gene Callahan. If you simply read and comprehend these relatively short texts, you will know far more than most educated people about economics and government. You certainly will develop a far greater understanding of how supposedly benevolent government policies destroy prosperity. If you care about the future of this country, arm yourself with knowledge and fight back against economic ignorance. We disregard economics and history at our own peril.”
—Ron Paul, Senator from Texas

Why the President Should Read It
This is perhaps the first book anyone should read about economics. Written in the 40s, you wouldn’t know it by reading it, because not only is it as true today as it was then, but unfortunately many of the issues and misconceptions that plagued us then are still with us today. If our President does not understand and agree with this book, then we’re all in trouble.

Personal Notes
Not only is this book full of simple wisdom, but it’s fun to read. Hazlitt’s personality certainly comes through, and makes what is often thought of as a dull topic quite fascinating.