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Economics in One Lesson | [Henry Hazlitt]

Economics in One Lesson

Called by H.L. Mencken, "one of the few economists in history who could really write," Henry Hazlitt achieved lasting fame for his brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession.
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Publisher's Summary

Called by H.L. Mencken, "one of the few economists in history who could really write," Henry Hazlitt achieved lasting fame for his brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession. Covering considerable ground, Hazlitt illustrates the destructive effects of taxes, rent and price controls, inflation, trade restrictions, and minimum wage laws. And, he writes about key classical liberal thinkers like John Locke, Adam Smith, Thomas Jefferson, John Stuart Mill, Alexis de Tocqueville, and Herbert Spencer.

©1962, 1979 by Henry Hazlitt; (P)1996 by Blackstone Audiobooks

What the Critics Say

"If there were a Nobel Prize for clear economic thinking, Mr. Hazlitt's book would be a worthy recipient...like a surgeon's scalpel, it cuts through...much nonsense that has been written in recent years about our economic ailments." (J.W. Hanes, former Undersecretary of the Treasury)

What Members Say

Average Customer Rating

4.1 (748 )
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4.2 (338 )
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Performance
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  •  
    Christopher 06-13-13
    Christopher 06-13-13
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    "Refresher"
    What did you love best about Economics in One Lesson?

    This is a great refresher of basic economic principals. It takes the tact of refuting economic fallacies proffered by politicians pandering to various special interests and the broad voting class with little or no understanding of economics. While the book is somewhat dated in context having been rewritten in the late 1970s, the principals are intact. In fact, there are frightening correlations for our current state and many statements that foreshadow turmoil we have since encountered.

    Economics should be taught in every high school and probably required before we receive the right to vote.


    1 of 1 people found this review helpful
  •  
    Jason Sugar Land, TX, United States 05-21-13
    Jason Sugar Land, TX, United States 05-21-13 Member Since 2015
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    "Excellent survey of economics"
    If you could sum up Economics in One Lesson in three words, what would they be?

    Blast from past.


    What was one of the most memorable moments of Economics in One Lesson?

    While you listen to Hazlitt expound upon the mistakes of 1940's America, the darkness closes in on you as you realize that none of the lessons have been learned and that the same mistakes are being repeated. And not just repeated, but repeated with grandeur as Hazlitt predicted 70 and 40 years ago (the book was revised in the 1970's but not much).


    What about Jeff Riggenbach’s performance did you like?

    He has an engaging and professional voice.


    1 of 1 people found this review helpful
  •  
    Scott United States 05-06-13
    Scott United States 05-06-13 Member Since 2013
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    "Nice Basic Economics Primer"

    As an economics major in college, I found the material to be true to the fundamental concepts taught in the field. The material would seem to be accessible to the common curious listener. Some of content does push more towards a conservative / libertarian view common in economics. While this is a natural conclusion of the discipline some of the examples and topic selection may put off some listeners. For what many consider to be a bland topic, the performance could have taken more liberty in jazzing up the delivery than was provided.

    1 of 1 people found this review helpful
  •  
    Ronny Simi Valley, California, United States 03-25-13
    Ronny Simi Valley, California, United States 03-25-13 Member Since 2011
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    "Very Nice lesson of economics"
    What did you love best about Economics in One Lesson?

    Very easy to understand the economics factors. If you want to know the principles of the economy this is your first option


    1 of 1 people found this review helpful
  •  
    halfpac11 SLC 03-19-13
    halfpac11 SLC 03-19-13 Member Since 2015
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    "Old School learning on an Age old subject..."
    Would you consider the audio edition of Economics in One Lesson to be better than the print version?

    I loved the audio but did not ever read it...


    What other book might you compare Economics in One Lesson to and why?

    ?


    What does Jeff Riggenbach bring to the story that you wouldn’t experience if you just read the book?

    I like his way of delivering the message like you have not heard it before.. In some cases this is really what happened.. Great job.


    Was there a moment in the book that particularly moved you?

    ?


    Any additional comments?

    I got this listen to see just how much economics is misunderstood and how to get it to the very most basic levels... This was a win for me so far..

    1 of 1 people found this review helpful
  •  
    Gadabout 12-07-12
    Gadabout 12-07-12 Member Since 2011

    geeky guy

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    "The Basic of Economics from the Pulpit"
    What could have made this a 4 or 5-star listening experience for you?

    If it had a few chapters on how things had changed in a global economy


    Any additional comments?

    Not only an economic lesson, but preaching from the pulpit. Lots of one sided examples to support his theory, with no explanation of how other things worked that did well and go against his theory. There is one point of view that is right and it is the authors.

    1 of 1 people found this review helpful
  •  
    Frank Busan, Korea (South) 06-25-12
    Frank Busan, Korea (South) 06-25-12 Member Since 2010
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    "A must read for any adult"

    This book provides the basics for thinking clearly about economics, a subject that affects us all. In the current political climate such a primer is needed more than ever.Highly recommended - indeed, highly encouraged!

    1 of 1 people found this review helpful
  •  
    Kurt Lake Oswego, Oregon, United States 05-29-12
    Kurt Lake Oswego, Oregon, United States 05-29-12
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    "Seems to cover all the economic parameters."
    If you could sum up Economics in One Lesson in three words, what would they be?

    Wide spread analysis


    How would you have changed the story to make it more enjoyable?

    Not sure


    What does Jeff Riggenbach bring to the story that you wouldn’t experience if you just read the book?

    Easy listening


    Was this a book you wanted to listen to all in one sitting?

    Yes


    Any additional comments?

    I have several books I'm listening to at this time. Economics is a throw back to
    my college years. The more advanced the class was the easier the course.
    There really isn't much beyond supply and demand economics 101.

    1 of 1 people found this review helpful
  •  
    Clinton NORTH CANTON, OHIO, United States 05-21-12
    Clinton NORTH CANTON, OHIO, United States 05-21-12 Member Since 2011
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    "Common Sense - Where Common Sense Is Banned!"
    What did you love best about Economics in One Lesson?

    This book explains clearly the consequences of so many things we take for granted; i.e. regulations, taxes, price fixing, tariffs, and the like.This book reads like it was written today, and only the dates and actual figures reveal that it was written long ago. It shows that priciple stays the same, despite the fad of the day.


    What was one of the most memorable moments of Economics in One Lesson?

    I loved explaination of the pros and cons brought about by union labor without any politcal spin! It's strictly numbers...


    What does Jeff Riggenbach bring to the story that you wouldn’t experience if you just read the book?

    If I would try to read this book on my own, I would have fallen asleep, but Jeff gave dry material a personality that I enjoyes listening to.


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    This book crunched numbers without any political motivation. As certian policies were explained, I had quite a few "Ah-Haaa" moments.


    1 of 1 people found this review helpful
  •  
    Nena WASHINGTON, DC, United States 04-10-12
    Nena WASHINGTON, DC, United States 04-10-12 Member Since 2015
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    "Easy to understand and very applicable to life!"

    This book provided an easy-to-understand introduction to all aspects of an economy and applied it to common misconceptions about economic theory and public policy. It also discusses what we ought to do in order to achieve sustainable prosperity.

    In his "30 years later" chapter, Hazlitt reflected on how modern day economists and policymakers (in the 1950s) perpetuate the problems they intend to solve, and I liked that the reader properly demonstrated his shock of the U.S. running deficits of $50 billion a year -- those were the days!

    1 of 1 people found this review helpful

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