Economics In One Lesson, by Henry Hazlitt

The fastest and best way to discover economic basics

Introductory Note from the Foundation for Economic Education:

This primer on economic principles brilliantly analyzes the seen and unseen consequences of political and economic actions. In the words of F.A. Hayek, there is “no other modern book from which the intelligent layman can learn so much about the basic truths of economics in so short a time.” [1]

Economics In One Lesson by Henry Hazlitt

Part One: The Lesson

  1.  The Lesson

Part Two: The Lesson Applied

2.  The Broken Window
3.  The Blessings of Destruction
4.  Public Works Means Taxes
5.  Taxes Discourage Production
6.  Credit Diverts Production
7.  The Curse of Machinery
8.  Spread the Work Schemes
9.  Disbanding Troops and Bureaucrats
10. The Fetish of Full Employment
11. Who’s “Protected” by Tariffs?
12. The Drive for Exports
13. “Parity” in Prices
14. Saving the X Industry
15. How the Price System Works
16. “Stabilizing” Commodities
17. Government Price Fixing
18. Minimum Wage Laws
19. Do Unions Really Raise Wages?
20. Enough to Buy Back the Product
21. The Function of Profits
22. The Mirage of Inflation
23. The Assault on Savings

Part 3: The Lesson Restated

24. The Lesson Restated

25. A Note On Books


Publisher’s Note: [Special Edition for The Foundation for Economic Education, Incl, Irvington-on-Hudson, New York, Pocket Books, Inc., Rockefeller Center, N.Y. The Printing History of ECONOMICS IN ONE LESSON: Harper & Brothers edition published July, 1946; 1st printing July, 1946; 2nd printing July, 1946; 3rd printing August, 3946; 4th printing October, 1946; 5th printing February, 1947; 6th printing February, 1948; Reader’s Digest condensed version published August, 1946; February, 1948; Spanish edition (Editorial Kraft, Buenos Aires) published December, 1947; Pocket Book edition published November, 1948; 1st printing October, 1948; Special edition for The Foundation for Economic Education, Inc. May, 1952. Printed in the U.S.A. and published by arrangement with Harper & Brothers. Copyright, 1946, 1948, by Harper & Brothers]

Also Available: Free PDF and as an Abridged Audio Book from the Foundation for Economic Education:

    1. Free PDF found at:
      and Abridged Audio Book read by Henry Hazlit himself:

Used with the permission of the Foundation for Economic Education.