advertisement 1
advertisement
SEARCH:
Tuesday, July 17th, 2018                                                 SUBSCRIBE TO OUR RSS FEEDrss feed

Henry Hazlitt’s Books: More Relevant Than Ever

Published by on May 8, 2010

Henry Hazlitt’s Books: More Relevant Than Ever thumbnail

by Gideon Dene

THE WORKS of American Mercury contributor and editor Henry Hazlitt (he was H.L. Mencken’s chosen successor) are brilliant gems of economic insight which, if they were only more well known, could change the downward spiral of the West’s economic fortunes.

Did you know, for example, that inflation is not a rise in prices?

Did you know that “government economic stimulus” is in the fact the opposite of what its name implies?

Hazlitt was a man of logic, reason, and science who could also write with wit and style. He was a gentleman of the old school whom we’re proud to have had on the Mercury masthead. Hazlitt had his lapses. He favored a gold standard as a form of discipline, or enforced honesty, upon banks and governments, as he should have. But he failed to address the ways in which bankers can get around that discipline through fractional reserve banking.

His greatest contribution was to dispel the hoary shibboleths of economics that are, sadly, still taught in the schools and parroted by media talking heads. When Henry Hazlitt clears the cobwebs from your mind, you’ll probably say “Wow!” I did.

Two of his most important books have recently been republished in new editions. According to the Henry Hazlitt Web site:

The Inflation Crisis and How to Resolve It

The Inflation Crisis and How to Resolve It

Henry Hazlitt was not mainly a theoretician. He was a financial journalist, commentator, and interpreter of current events. In this sense, he was one of a kind: a learned economist with both feet in the real world of politics, financial markets, and the economics of everyday life.

The Inflation Crisis and How to Resolve It , newly in print in hardcover at a low price, is his masterpiece on money. The book reappears just in time: we are in the midst of an inflation crisis even if the effects are not yet fully felt.

By inflation, he didn’t mean rising prices. He meant the tendency of government and the central bank to print money in pursuit of prosperity. In this sense, no book could be more directly related to our own times, as Bernanke and Company use and abuse the power of the Fed as never before.

He begins with an overview of what inflation is and covers the abysmal record of government money management. He clearly explains the cause and effect: first comes the printing and then come the business cycles and price increases. He explains that the only real cure for all of the effects is to treat the cause: end the government’s power to print. For this reason, Hazlitt favors a gold standard.

From a reader point of view, Hazlitt’s book is pure pleasure. As Mencken said of him, he was the only economist of his generation who could really write. He is clear as a bell, and why? Because he had a passion for explaining economics to every living person. He did not think that economics should be left to the academy or to investment firms.

This book came out in 1978 and it’s been thirty years out of print. It is one that the Mises Institute wanted to have in print for many years, and it is an event to celebrate that it is finally here, in a beautiful edition at a rock-bottom price.

Economics in One Lesson

Economics in One Lesson

This is a new edition of the classic book that has taught many millions sound economic thinking. It is a hardbound volume, and now available for anyone who needs to understand what economics implies for the society, government, and civilization.

Hazlitt wrote this book following his stint at the New York Times as an editorialist. His hope was to reduce the whole teaching of economics to a few principles and explain them in ways that people would never forget. It worked. He relied on some stories by Bastiat and his own impeccable capacity for logical thinking and crystal-clear prose.

This is the book that made the idea of the “broken window fallacy” so famous.

The new edition is beautiful, it is hardcover, and it is newly typeset for modern readers. It has a full index. It includes a wonderful foreword by Walter Block.

This is the book to send to reporters, politicians, pastors, political activists, teachers, or anyone else who needs to know.

Professor Block explains that it was this book that turned him on to economics as a science. He believes that it is probably the most important economics book ever written in the sense that it offers the greatest hope to educating everyone about the meaning of the science.

Written for the non-academic, it has served as the major antidote to fallacies in the popular press, and has appeared in dozens of languages and printings. It’s still the quickest way to learn how to think like an economist. And this is why it has been used in the best classrooms more than sixty years. The new edition dispenses with the additions made by later editors, which only date the book, and reverts to Hazlitt’s own first edition.

Henry Hazlitt Web site

Related Articles:

Readers' Comments





  • Her killer was made into a hero
  • Literature, US News »

    Homeless Jack on “Grabbing Some Pussy”

    November 7, 2016

    Homeless Jack on “Grabbing Some Pussy” thumbnail

    We discovered this piece scrawled on some foolscap left on our doorstep, an all-lower-case Kerouac-style stream of consciousness rap, and offer it as we found it. by H. Millard trump is an american original and a throwback to the days when americans were bursting with confidence and energy and the sheer joy of freedom and […]

    Africa, History »

    ‘The Choice of Achilles’: John Alan Coey Against the New World Order

    January 3, 2013

    ‘The Choice of Achilles’: John Alan Coey Against the New World Order thumbnail

    by T.R. Bennington AS EVER, BUT ESPECIALLY in our present state of civilizational malaise, there is a need for figures with the power to inspire — men who in less confused and cynical times would have been unabashedly described as heroic. One such figure is Corporal John Alan Coey, a young soldier who has perhaps […]

    Science »

    Quarter of Americans Convinced Sun Revolves Around Earth

    March 2, 2015

    Quarter of Americans Convinced Sun Revolves Around Earth thumbnail

    “DOES the Earth go around the Sun, or does the Sun go around the Earth?” If you answered the latter, you’re among a quarter of Americans who also got it wrong, according to a new report by the National Science Foundation. A survey of 2,200 people that was released Friday revealed some alarming truths about […]

  • Reader’s Comments

  • Categories

  • Archives

  • Pages

  • Login / Register / RSS

  • Vintage Mercury »

    Jailbirds

    June 7, 2017

    Jailbirds thumbnail

    by Jim Tully; from The American Mercury, September, 1928; transcribed by Kevin I. Slaughter THE jail room was thirty-five feet long, twenty-five feet wide, and seven feet high. In this large cage were fifty prisoners. Some had been sentenced and were serving jail terms; others awaited trial, or removal to the penitentiary. The floor was of […]

    Opinion »

    The Old Right and the Antichrist

    June 7, 2017

    The Old Right and the Antichrist thumbnail

    by Richard Spencer (pictured) The following address was given to the H.L. Mencken Club’s Annual Meeting; November 21-23, 2008. BEFORE William F. Buckley settled on writing God and Man at Yale in 1951, the 25 year-old had something quite different in mind as a debut volume. Buckley planned, and may have begun drafting, a book caustically […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: Last Contact

    May 3, 2018

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: Last Contact thumbnail

    by Bradford L. Huie for The American Mercury TODAY WE PRESENT THE FINAL installment of our audio book series based on the biography of William Luther Pierce, The Fame of a Dead Man’s Deeds by Robert S. Griffin, read by Vanessa Neubauer. (ILLUSTRATION: Portrait of Dr. William L. Pierce by S.M. Casper) Click here for all […]

  • Names and Topics



  • FEATURED ARTICLES

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: Schooling

    February 19, 2018

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: Schooling thumbnail

    by Bradford L. Huie for The American Mercury DR. WILLIAM PIERCE says our education system is failing, and that egalitarianism, multiculturalism, and feminism are to blame. The solutions he suggests as the only possible remedies — racial separation being the first but far from the only one — are ones that most modern educators would rather […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: Racism and Hate

    February 8, 2018

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: Racism and Hate thumbnail

    by Bradford L. Huie for The American Mercury VANESSA Neubauer’s reading of The Fame of a Dead Man’s Deeds continues this week with Dr. William Pierce’s reactions to the claim that his work consists of just “racism and hate.” Dr. Pierce believes that it is wrong to pathologize a legitimate emotion that is appropriate in some […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: Pierce and Jews

    December 19, 2017

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: Pierce and Jews thumbnail

    by Bradford L. Huie for The American Mercury NOW WE arrive at what may the most controversial and explosive chapter in Robert Griffin’s The Fame of a Dead Man’s Deeds, read this week by Vanessa Neubauer in our continuing audio book series. It deals with radical White separatist Dr. William Pierce’s views on Jews and Jewish power. […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: World War II

    December 12, 2017

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: World War II thumbnail

    by Bradford L. Huie for The American Mercury THIS WEEK Robert Griffin’s The Fame of a Dead Man’s Deeds — read this week by Vanessa Neubauer in our continuing audio book series — deals with Dr. William Luther Pierce’s views on the watershed event of the last 100 years: the Second World War. (ILLUSTRATION: American bombers rain death […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: William Gayley Simpson

    December 4, 2017

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: William Gayley Simpson thumbnail

    by Bradford L. Huie for The American Mercury CHAPTER 20 of Robert Griffin’s The Fame of a Dead Man’s Deeds — read this week by Vanessa Neubauer in our continuing series — deals with Dr. William Luther Pierce and his publication of Which Way Western Man? by philosopher William Gayley Simpson (pictured). Click here for all the chapters of […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: Pierce on Hunter

    November 26, 2017

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: Pierce on Hunter thumbnail

    by Bradford L. Huie for The American Mercury VANESSA Neubauer’s latest audio book reading — chapter 19 of Robert Griffin’s The Fame of a Dead Man’s Deeds — consists of Dr. William Luther Pierce’s own thoughts about his second novel, Hunter. (ILLUSTRATION: portrait section of illustration from an oil painting by Will Williams) Click here for all the chapters […]

    Frank Audio Books, History »

    New Audio Book: The American Mercury on Leo Frank – Judge Leonard Roan’s Charge to the Jury

    November 25, 2017

    New Audio Book: The American Mercury on Leo Frank – Judge Leonard Roan’s Charge to the Jury thumbnail

    THIS WEEK we present our final installment of our audio books on the subject of the 1913 trial of Leo M. Frank for the strangling and sex murder of his 13-year-old sweatshop employee, Mary Phagan. Today we hear the words of Judge Leonard Strickland Roan (pictured) in his charge to the jury, exactly as they […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: Hunter

    November 19, 2017

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: Hunter thumbnail

    by Bradford L. Huie for The American Mercury TODAY as we join Vanessa Neubauer’s latest audio book reading — chapter 18 — of Robert Griffin’s The Fame of a Dead Man’s Deeds we learn about Hunter, William Luther Pierce’s second novel. Hunter is a follow-up to Pierce’s famous The Turner Diaries, and Dr. Pierce considered it to be the more […]

    Frank Audio Books, History »

    New Audio Book: The American Mercury on Leo Frank – Dorsey’s Closing Arguments, part 6

    November 19, 2017

    New Audio Book: The American Mercury on Leo Frank – Dorsey’s Closing Arguments, part 6 thumbnail

    THIS WEEK we present the sixth and last audio book installment of prosecutor Hugh Dorsey’s closing arguments in the 1913 trial of Leo M. Frank (pictured) for the strangling and sex murder of his 13-year-old sweatshop employee Mary Phagan. In this dramatic conclusion, you hear the words that the jury heard, the words that would […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: To West Virginia

    November 12, 2017

    <em>The Fame of a Dead Man’s Deeds</em> Audio Book: To West Virginia thumbnail

    by Bradford L. Huie for The American Mercury THIS WEEK in Vanessa Neubauer’s new audio book reading — chapter 17 — of Robert Griffin’s The Fame of a Dead Man’s Deeds we learn why William Luther Pierce moved the main office of his White revolutionary organization, the National Alliance, from the Washington, DC area to the forest-covered […]