advertisement 1
advertisement
SEARCH:
Thursday, September 20th, 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





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

    History »

    The Leo Frank Case: The Lynching of a Guilty Man, part 3

    May 10, 2018

    The Leo Frank Case: The Lynching of a Guilty Man, part 3 thumbnail

    by Philip St. Raymond for The American Mercury THE JEWISH Anti-Defamation League (or ADL) — back in the days when they and their allies had a near-monopoly on public discussion of the Leo Frank case — once made the claim that Leo Frank was arrested and indicted and convicted of the murder of Mary Phagan “without […]

    History »

    The Leo Frank Case: The Lynching of a Guilty Man, part 2

    May 3, 2018

    The Leo Frank Case: The Lynching of a Guilty Man, part 2 thumbnail

    by Philip St. Raymond for The American Mercury LOOK AT THE headline and lead article in the Atlanta Georgian newspaper of April 29, 1913, we have illustrated above. Click on this link to see a large and easy-to-read version. “LEE’S GUILT PROVED, Detectives Assert” — “SUSPICION LIFTS FROM FRANK” — “We Have Sufficient Evidence Now to […]

    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 […]

    History »

    Now an Audio Book: The Leo Frank Case: The Lynching of a Guilty Man, part 1

    April 26, 2018

    Now an Audio Book: The Leo Frank Case: The Lynching of a Guilty Man, part 1 thumbnail

    by Philip St. Raymond for The American Mercury THE AMERICAN MERCURY is proud of its decades-long reputation for seeking the truth without fear or favor. As such, we do not flinch when a part of that truth can best be discovered in the words of those whom the Establishment has deemed “radical” or “controversial” or even “evil.” […]

    Literature »

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

    April 20, 2018

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

    by Bradford L. Huie for The American Mercury WHAT WAS it like to live and work closely with the revolutionary writer and thinker William Luther Pierce? What did he and his colleagues gain — and lose — by devoting their lives to the cause of White survival and the National Alliance, the group founded by Dr. […]

    Literature »

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

    April 1, 2018

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

    by Bradford L. Huie for The American Mercury WHAT WAS William Luther Pierce (pictured) really trying to accomplish? How did he want to change the world? What was his plan for organizing White people, which Jewish groups have called so “hateful” and which a growing number of White Americans and Europeans call inspiring and necessary? On […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: The New World Order

    March 11, 2018

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

    by Bradford L. Huie for The American Mercury WHAT IS the “New World Order”? We hear that phrase quite often, both by those who see it as a positive, beneficial application of American power to “spread democracy,” and by those who see it as a malign conspiracy against the self-determination and freedom of the peoples of […]

    Literature »

    The Fame of a Dead Man’s Deeds Audio Book: Men and Women

    February 27, 2018

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

    by Bradford L. Huie for The American Mercury IS FEMINISM killing us? Will it be fatal to our survival as a people? William Luther Pierce thought so, and today we’ll try to understand his reasons — in our continuing audio book series of the only biography of Dr. Pierce, The Fame of a Dead Man’s Deeds […]

    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 […]