Journalist, author of Economics in One Lesson
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  • Henry Hazlitt

    Henry Stuart Hazlitt (28 November 1894 – 9 July 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek and The New York Times. He is widely cited in both libertarian and conservative circles.

    Reference

    Hazlitt, Henry (1894-1993), by Bettina Bien Greaves, The Encyclopedia of Libertarianism, 15 Aug 2008
    Biographical essay
    "Henry Hazlitt, a journalist, writer, and economist, was born in Philadelphia. ... Having missed out on college, Hazlitt determined to study on his own. ... Hazlitt's real economic education began with his study of Philip H. Wicksteed's The Common Sense of Political Economy, which introduced him to the subjective theory of value, only recently developed by Austrian economists Carl Menger and Eugen von Böhm-Bawerk. Hazlitt continued his self-study program and persisted in his ambition to write. His first book, Thinking as a Science, appeared in 1916 before his 22nd birthday."
    Related Topics: Economics, Ethics, Ludwig von Mises

    Images

    Henry Hazlitt - The Advocates
    219x279 JPEG, grayscale

    Biography

    Biography of Henry Hazlitt (1894-1993), by Lew Rockwell, 1 Aug 2007
    "Mr. Hazlitt--journalist, literary critic, economist, philosopher--was one of the most brilliant public intellectuals of our century. ... In his final years, he often expressed surprise that Economics in One Lesson had become his most enduring contribution. He wrote it to expose the popular fallacies of its day. He did not know that those fallacies would be government policy for the duration of the century. ... Hazlitt was not trained as an economist, although few scholars are as familiar with the relevant literature."
    Laissez Faire Books
    "Journalist Henry Hazlitt (1894-1993) had a great gift for making economic liberty understandable to ordinary people. He also played an important role in the modern libertarian movement. He helped transmit the ideas of Ludwig von Mises and F.A. Hayek to American readers. ... As a Newsweek columnist from 1946 to 1966, Hazlitt became America's best-known champion of libertarian views. Altogether, he produced 18 books and some 10,000 editorials, articles and columns. In November 1992, Laissez Faire Books published his last article, 'How I wrote Economics in One Lesson.'"

    Associations

    The American Mercury, Editor, 1934
    The Freeman, Editor, 2 October 1950-20 October 1952 and 23 February 1953-11 January 1954

    Web Pages

    The Advocates for Self-Government Henry Hazlitt
    Includes photograph and biography from Laissez Faire Books
    "He worked for The Wall Street Journal and the New York Post, then wrote editorials on economics for The New York Times. His front page New York Times book review write-up on F.A. Hayek's The Road to Serfdom (1944) helped propel it onto the bestseller list. He helped Mises, a newly-arrived immigrant, get published in The New York Times, and he helped find a publisher for Mises' books Omnipotent Government (1944), Bureaucracy (1944) and Human Action (1949). Hazlitt's first major book, Economics in One Lesson (1946), became a bestseller."

    Articles

    Frederic Bastiat, Ingenious Champion for Liberty and Peace, by Jim Powell, The Freeman, Jun 1997
    Lengthy biographical essay, covering those who influenced Bastiat as well as those influenced by him, his writings (including correspondence with his friend Félix Coudroy), his roles in the French Constituent and Legistative Assemblies and his legacy
    "Meanwhile, New York Times editorial writer Henry Hazlitt produced a book with the audacious title Economics in One Lesson (1946). 'My greatest debt,' Hazlitt acknowledged, 'is Frederic Bastiat's essay, "What Is Seen and What Is Not Seen," now nearly a century old. The present work may, in fact, be regarded as a modernization, extension and generalization of the approach found in Bastiat's pamphlet.' Economics in One Lesson has sold an estimated one million copies."
    Henry Hazlitt: An Appreciation, by Roy Childs, Richard Ebeling, Nov 1985
    Tribute to Hazlitt on his 91st birthday, reviews his career and works
    "His classic work, Economics in One Lesson (1946) has influenced three generations of both economists and the general public. ... At the age of twenty he began work at The Wall Street Journal --as a stenographer, then as a proofreader, then, finally, as a reporter. Over the years, he worked as an editorial writer for various newspapers, including the New York Sun and the New York Times. He held the post of literary editor for The Nation. And he was H.L. Mencken's appointed successor to edit The American Mercury, which had become a major force in American life."
    UpdHenry Hazlitt - Hero of the Day, by Roy Childs, The Daily Objectivist, 2000
    Memorial essay
    "Henry Hazlitt died on July 8, 1993, just sixteen months short of his one hundredth birthday. ... By any standard, he lived one hell of a life. ... From the 1930s on, he was a centerpiece in the burgeoning revival of classical liberal and free market thought, and was active in every way imaginable. He helped to bring together the group of activists, intellectuals and scholars who helped form the base of the Foundation for Economic Education in 1946, and the Mont Pelerin Society two years later. He was friendly with every major figure in the birth of the modern libertarian movement, from Ayn Rand to Leonard Read."
    Ludwig von Mises, socialism's greatest enemy: His life and times, by Jim Powell
    Lengthy biographical essay on Mises, including details on Menger and Böhm-Bawerk
    "Within a month after he arrived in America, Mises gave New York Times financial editor Henry Hazlitt a call. ... Hazlitt encouraged Mises to write nine articles about the European situation, and they were published in the New York Times. The articles brought Mises some important recognition and led to a connection with the National Association of Manufacturers, a leading opponent of government intervention in the private sector."
    The Impoverishing Effects of Foreign Aid [PDF], by Manuel Ayau, Cato Journal, 1984
    Analyzes the 1980s debt crisis, from the viewpoint of creditor and debtor countries, suggesting some solutions such as removing trade barriers, ending debtor government interventionist policies and creditor government foreign aid and subsidized bail-outs
    "In his book, Will Dollars Save the World? (1947, p. 29), Henry Hazlitt recalled the doubts that John Maynard Keynes raised about U.S. lending to Europe in 1919: '... If I had the influence at the United States Treasury, I would not lend a penny to a single one of the present Governments of Europe.' 'These are not the words of some American "isolationist" in 1947,' said Hazlitt, 'They are words of the most influential British economist of the last generation.' Hazlitt (p. 30) went on to argue that they applied with equal force to the conditions in 1947."
    Related Topics: Brazil, Capitalism, Economics, The State

    Writings

    The Early History of FEE, The Freeman, Mar 1984
    Excerpted from Hazlitt's remarks at the Leonard E. Read Memorial Conference on Freedom, November 1983
    "In 1946 Leonard [Read] had raised the money, set up the Foundation for Economic Edu­cation here at Irvington, [New York] and invited me to become one of his original trustees and officers. ... Another effect of Leonard’s initiative soon followed. Other libertarian foundations were set up in emulation. ... FEE opened its doors on March 16, 1946. Most of the spring and summer was spent in the library, as reno­vation continued on the main building."
    The Sphere of Government: Nineteenth Century Theories: 1. John Stuart Mill, The Freeman, Jan 1980
    Critiques Mill's ideas on what are the "necessary" and "optional" functions of government
    "... we might get some help in dealing with the central problems of government power by examining the answers offered over the years by the great political thinkers. But I suggested it might be more interesting to ... begin with the latest answers first. We ... began with the recent book by Robert Nozick, Anarchy, State, and Utopia. I should like now to turn to some of the answers offered in the nineteenth century. ... I shall confine myself to the answers offered by ... four outstanding writers who ... offer representative approaches—John Stuart Mill, Herbert Spencer, Thomas Huxley, and Auberon Herbert."

    Books Authored

    Economics in One Lesson, 1946
    Partial contents: The Lesson - The Broken Window - The Blessings of Destruction - Public Works Mean Taxes - Taxes Discourage Production - Credit Diverts Production - The Curse of Machinery - Spread-the-Work Schemes - Disbanding Troops and Bureaucrats
    Related Topic: Economics
    UpdRules for Living: The Ethics of Social Cooperation
        by Bettina Bien Greaves (Editor), Henry Hazlitt, 1964
    An abridgement of The Foundations of Morality; partial contents: Social Cooperation - Traffic Rules and Moral Rules - The Problem of Self-Sacrifice - Absolutism vs. Relativism - The Ethics of Capitalism - The Ethics of Socialism
    • ISBN 1572460768: Paperback, Foundation for Econ Education, 1st edition, 1999
    UpdThe Conquest of Poverty, 1973
    Partial contents: The Problem of Poverty - Defining Poverty - The Distribution of Income - Poor Relief in Ancient Rome - The Poor Laws of England - The Ballooning Welfare State - The Fallacy of "Providing Jobs" - Why Socialism Doesn't Work
    The Critics of Keynesian Economics
        by Henry Hazlitt (editor), 1960
    Collection of essays by Jean-Baptiste Say, John Stuart Mill, Frank H. Knight, F. A. Hayek, Benjamin M. Anderson, Garet Garrett, Ludwig von Mises, Wilhelm Röpke, W. H. Hutt, Jacob Viner, Etienne Mantoux, Franco Modigliani, Arthur F. Burns and others
    Related Topic: Economics
    UpdThe Foundations of Morality, 1964
    Partial contents: The Mystery of Morals - Pleasure as the End - Satisfaction and Happiness - Social Cooperation - Ethics and Law - Traffic Rules and Moral Rules - Duty for Duty's Sake - "The Law of Nature" - Ethical Skepticism - The Ethics of Capitalism

    Videos

    Upd
    Economics In One Lesson: Chapter 1, by Amanda BillyRock, 1 Jun 2013
    An instructive hand-drawn animation based on Henry Hazlitt's Economics in One Lesson, chapter 1, "The Lesson"
    Related Topic: Economics

    Leonard Liggio on the Rise of the Modern American Libertarian Movement, by Jacob Hornberger, Leonard Liggio, 9 Mar 1995
    Talk given at Vienna Coffee Club (Future of Freedom Foundation). Liggio starts off with the New Deal and covers many events and individuals both at the core and the periphery of the modern libertarian movement

    The introductory paragraph uses material from the Wikipedia article "Henry Hazlitt" as of 29 Jun 2018, which is released under the Creative Commons Attribution-Share-Alike License 3.0.