Economics in One Lesson (E1L)

What is it?

Economics in One Lesson is a masterpiece on classical economics written by Henry Hazlitt and first published in 1946. It’s sold more than a million copies and has greatly influenced American society and governmental policy over the last 70 years.

Who wrote it?

Hazlitt grew up in poverty in New York City. His father died when he was a baby and his stepfather died when he was 13 years old. He had to support his mother, which prevented him from completing college, and forced him to start working as a child.

Despite these obstacles, he had a long and successful career in journalism and writing at The Wall Street Journal, The New York Evening Mail, The New York Sun, The Nation, The American Mercury, The New York TimesNewsweek, The Freeman, and National Review.

Hazlitt published 25 books covering such topics as philosophy, morality, critical thinking, psychology, government, politics, economics, finance, and business.

About the Project

I’ll be summarizing the content of the book in concise language, like the Modern Secular Version of the Bible project. At times, I’ll elaborate on the ideas of the book and include my own thoughts and analysis.