Why did I love this book?
I think economics has a bad reputation, and it is mostly due to economists' either deliberately or inadvertently communicating poorly in class, on TV and radio, in podcasts, and in writing.
This book is none of that. It was written by a well-respected old-school journalist who could really write. I like its approach of short, punchy chapters. Hemmingway-like in its writing and style, it truly delivers what the title promises. I have a poster of this author on my office wall.
5 authors picked Economics in One Lesson as one of their favorite books, and they share why you should read it.
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day.
Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote…