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...

Contents The Neglect of Thinking Thinking with Method A Few Cautions Concentration Prejudice and Uncertainty Debate and Conversation Thinking and Reading Writing One's Thoughts Things Worth Thinking About Thinking as an Art Books on Thinking

The essays in Economic Sophisms have come to be recognized as among the most cogent and persuasive refutations of the major fallacies of protectionism-fallacies that are still with us today and that will continue to crop up as long as the public remains uninstructed. The great lesson that all these essays teach, in one form or another, is the necessity of always looking at economic questions from the point of view of the consumer, rather than that of the producer. With an introduction by Henry Hazlitt, the notes of the French editor, and explanatory comments by the translator designed to...

In this impressive work Henry Hazlitt explores the proper foundation of morality, offering a unified theory of laws, morals, and manners. Noted economist Leland Yeager, in his foreword to this edition, says that The Foundations of Morality "provides . . . the soundest philosophical basis for the humane society that is the ideal of classical liberals."

From the Introduction:
The mainstream political, education, and parenting philosophies all have one thing in common: promoting the domination of one group of people over another. In politics, this is the ruling class, i.e., politicians and bureaucrats, over the ruled. In education and parenting, this is teachers or parents over their children. Someone's interest prevails over someone else's, and in these arenas, "violent" solutions prevail over peaceful ones.
The purpose of this book is to question the "virtues" of human relations based on violent coercion, and to promote instead...

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The book is a quick read that covers the whole history of monetary destruction, providing information that most people have never heard or thought about. In that sense, it is the perfect conversation starter, and it could inspire more reading and activism for sound money. Author Ron Paul has been the leading champion of sound money in the Congress. He explains why sound money has meant the gold standard. The monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of...

LARGE PRINT EDITION More at LargePrintLiberty.com. "Will-Power, then, may be defined as the ability to keep a remote desire so vividly in mind that immediate desires which interfere with it are not gratified." "As long as we keep in the backgrounds of our minds that the will is really an abstraction, there is no harm in speaking of it a good part of the time as if it were an entity; and insofar as it can be said to represent a definite and permanent entity, the will may be defined as our desire to be a certain kind of character." "It is not the 'conscience' in itself, nor the 'evil' desires,...

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Here is Hazlitt's major philosophical work, in which he grounds a policy of private property and free markets in an ethic of classical utilitarianism, understood in the way Mises understood that term. In writing this book, Hazlitt is reviving an 18th and 19th century tradition in which economists wrote not only about strictly economic issues but also on the relationship between economics and the good of society in general. Adam Smith wrote a moral treatise because he knew that many objections to markets are rooted in these concerns....

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Long before Charles Murray took on the topic, Henry Hazlitt wrote an outstanding book on poverty that not only provided an empirical examination of the problem but also presented a rigorous theory for understanding the relationship between poverty and income growth. He examines poverty in the ancient world, the poor laws of England, the advance of the middle class in the United States, the failure of welfare programs, the fallacies associated with income redistribution, and the relationship between population and poverty. Its 20 chapters...