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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 )
5 star
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4.2 (340 )
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4.2 (338 )
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Performance
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  •  
    Bill Bloomington, Indiana, United States 12-26-11
    Bill Bloomington, Indiana, United States 12-26-11
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    2
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    "nice primer"
    Where does Economics in One Lesson rank among all the audiobooks you’ve listened to so far?

    One of the better ones I've listened to.


    What did you like best about this story?

    Not much of a story, just a lot of facts with significant examples to support the theory being put forth.


    What about Jeff Riggenbach’s performance did you like?

    Very clear reading


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

    somewhat surprised because of the ideas presented made me think of how some decisions I make in my daily life ma.y have profound affects across the overall economy


    0 of 0 people found this review helpful
  •  
    Frank West Valley City, UT, United States 06-03-11
    Frank West Valley City, UT, United States 06-03-11
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    "Well Done"

    The speaker of the words contained brings forth a great insight into the writings of Henry Hazlitt. Very well performed and well pronounced words within.

    0 of 0 people found this review helpful
  •  
    David BIRMINGHAM, AL, United States 01-25-11
    David BIRMINGHAM, AL, United States 01-25-11 Member Since 2014

    Marketing Consultant in Birmingham

    HELPFUL VOTES
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    "Economics made easy to understand"

    This book has a great view in modern economics, the process of money, behavior in our part, the government and its place in the free enterprise.

    Is a must have, not for everyone but more for the entrepreneur or the open minded, notice that is more about you been comfortable with this kind of information, still affect you and me the same.

    Although some times is better to live in the ignorance, well that is until we are ready to accept the truth. If you are in business or trade of some kind, or simply wanna expand your knowledge about economics, then this book is highly recommended by me.

    Easy to understand, great narration, here take five stars from me... Great job Mr. Henry Hazlitt!!!

    0 of 0 people found this review helpful
  •  
    Di United States 10-16-10
    Di United States 10-16-10 Listener Since 2010
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    "Great book about economics fallacy"

    if you want a economics book for the basic economics principle, then this one is not for you. This book is more like the book of "Economics facts and fallacies by Thomas Sowell". Very impressive and Great. Read this book, then you will found you have a version about the policy as everything else. Don't fool by the statistical and purple prose on newspaper ore magazine.

    Anyway, you should never miss this great book.

    2 of 4 people found this review helpful
  •  
    Jonnie Panama City, FL, United States 12-31-08
    Jonnie Panama City, FL, United States 12-31-08 Member Since 2014
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    "Interesting if you like economics"

    I teach economics in high school and enjoyed this book but for the average person this would not be an interesting read. It would be beneficial and worthwhile but not interesting.

    1 of 2 people found this review helpful
  •  
    Robert Louisville, KY, USA 07-23-06
    Robert Louisville, KY, USA 07-23-06
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    "Important info, bad narration"

    My mistake was not listening to a sample of the narration before purchasing. The dryness that the material is delivered overshadows the quality of the content. Please encourage the publisher to perform a do-over.

    2 of 4 people found this review helpful
  •  
    celia Ely, Minnesota, United States 09-29-11
    celia Ely, Minnesota, United States 09-29-11 Member Since 2011
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    "Economics in One Lesson"

    I have had only one other economics course in my life, but it was enough to see that this is not thoughtful presentation of the topic.
    The book is quite outdated to begin with.
    But even given that, the author provides very little help with the complex economic problems that are being dealt with today. In his view, wages and prices and so forth will automically be 'right' based on the market. And there is no need for state intervention ever (except for maybe police and fire support). He assumes the investment banks will operate with integrity - instead of creating toxic cdos and selling them to pension funds. He apparently assumes the millions of dollars (taxed at a low capital gains rate) made by traders is actually a good thing and is somehow fair even though some of these people made a fortune on the sale of the fraudulent investments. We do need government (or someone) to monitor the free market and a thoughtful and complete economics book would cover those issues as some of the most important.
    The book is also presented in a condescending way. In his view the economists that don't agree with him are 'confused' at best or 'bad' at worst. He can't accept that there may be other points that should be considered. Silly economists. Why do they even bother to have discussions.

    3 of 7 people found this review helpful
  •  
    Robbie LAGUNA BEACH , CA, USA 12-28-04
    Robbie LAGUNA BEACH , CA, USA 12-28-04 Member Since 2003
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    "Another View"

    I know very little about the fundamentals of economics, so I downloaded this title to learn. What I found was a full length op ed piece disguised as a book. According to the author, all unions are bad, strikes are only good if there is no picketing, minimum wages are bad for everyone and economic growth can only occur if the free market system has no restrictions. While there are interesting points presented, I can't help but feel that it's being presented by the same folks who brought us child labor, sweat shops and slavery.
    There is a reason that slavery and serfdom occured in earlier times. This author would do well to study the economics of Ancient Rome and Medievil Europe before presenting his dogma as facts. Definitely not for the serious student looking to learn from a good teacher.

    27 of 65 people found this review helpful
  •  
    02-26-12
    02-26-12 Member Since 2014
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    "Didnt like it at all - not objective"
    What would have made Economics in One Lesson better?

    It just isnt a clear book on general economic rules, it is political and opionated


    What reaction did this book spark in you? Anger, sadness, disappointment?

    disappointment


    1 of 3 people found this review helpful
  •  
    Edward Voorhees, NJ, United States 12-26-11
    Edward Voorhees, NJ, United States 12-26-11
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    "Misleading title and content..."

    This is not a book on "basic economics" by any means, rather it is a 6 hour rant on "free market trade" and "trickle down economics" from a right wing/libertarian perspective!!!

    When I read that the book explains basic "truths" about economics and clears up common "fallacies" I was expecting a broad overview of economic theory -- not a 6 hour rant against Keynesian economics using extremely loaded language.

    It is not my aim to say whether I agree or disagree with the author, but a book on basic economics should not be a 6 hour attack on another economic school, rather a description of different economic schools and the argument for or against.

    Very disappointed about the misleading content description. Had it been accurately described, I would not have gotten it, because my goal was to get a partisan free broad overview of basic economics... not a lecture on why conservatives know what's best for the economy and how liberals are messing it up.

    Upset, not at the author, but editor of selection description.

    1 of 3 people found this review helpful

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