60 pages 2 hours read

Economics in One Lesson

Nonfiction | Book | Adult | Published in 1946

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Key Figures

Henry Hazlitt

Henry Hazlitt was an American journalist. He was born on November 28, 1894, in the US state of Pennsylvania. For a time he attended City College in New York, but left without taking a degree, beginning his career in journalism at The Wall Street Journal shortly afterwards. He served in the Air Service during World War I and then returned to journalism, working as an editor of various publications such as The New York Evening Mail, The New York Sun, and The Nation during the 1920s and 1930s. He eventually began writing a financial column for The New York Times in the 1930s. After writing for the Times for over a decade, he moved to Newsweek and also edited The Freeman.


Throughout his life, Hazlitt strongly critiqued the inflationary practices of the New Deal and became an advocate for hard currency, a macroeconomic theory that separates reliable and stable currencies from volatile ones. Alongside fellow Classical economists such as Ludwig Von Mises of the Austrian School of Economics, Friedrich Hayek, and Ayn Rand, Hazlitt promoted laissez-faire capitalism and the idea that markets, if left alone, regulate themselves in a way that is ultimately beneficial for the economy as a whole.

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