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Economics in One Lesson

Henry Hazlitt (1894-1993) was born in Philadelphia, Pennsylvania and raised in Brooklyn, New York. He grew up in relative poverty, his father having died when Hazlitt was an infant. His early heroes were Herbert Spencer and William James, and his first ambition was for an academic career in psychology and philosophy. He attended New York's tuition-free City College, but left after only a short time in order to support his twice-widowed mother.

During his long life, he worked as a writer, editor and as a promoter for free-market ideals. Indeed, Ludwig von Mises once said of Hazlitt: "In this age of the great struggle in favor of freedom and the social system in which men can live as free men, you are our leader. You have indefatigably fought against the step-by-step advance of the powers anxious to destroy everything that human civilization has created.You are the economic conscience of our country and of our nation.".

Economics in One Lesson (1946) has been called Hazlitt's "most enduring contribution", with a million copies sold in ten languages. It is considered a classic in conservative, free market and libertarian circles.