Thursday, August 19, 2010
Jeff Watson recently posted a Mises Institute video discussion of Henry Hazlitt's classic text, Economics In One Lesson.
You can read Hazlitt's wonderful primer on economics for free online (PDF download also available) at mises.org (new link).
Here's what the Mises Institute has to say about Hazlitt's widely appreciated lesson on applying sound economic principles to the functions of our everyday world:
"Henry Hazlitt wrote this book following his stint at the New York Times as an editorialist. His hope was to reduce the whole teaching of economics to a few principles and explain them in ways that people would never forget. It worked. He relied on some stories by Bastiat and his own impeccable capacity for logical thinking and crystal-clear prose...
...Written for the non-academic, it has served as the major antidote to fallacies in the popular press, and has appeared in dozens of languages and printings. It's still the quickest way to learn how to think like an economist. And this is why it has been used in the best classrooms more than sixty years. ".
For those who'd like to purchase a hardcopy of Hazlitt's book, check out the Mises bookstore where you'll find an inexpensive hardbound edition with volume discounts for orders of two or more copies. Perfect for anyone who'd like to pass out copies to their friends and associates (or even their political representatives).