Archive for Henry Hazlitt

Henry Hazlitt (1894-1993) was a noted economist, author, editor, reviewer, and columnist. His best-known books are Economics in One Lesson, The Failure of the “New Economics,” The Foundations of Morality, and What You should Know About Inflation.

The Function of The Freeman

Our function is to expound and apply the principles of traditional liberalism and individual freedom, and to expose the errors of collectivism of all shades.

25Jun2010 | Henry Hazlitt | 0 comments | Continued

The Case for Capitalism

This article is from Henry Hazlitt’s September 19, 1949 Newsweek column. There has just been published by the Yale University Press a book that is destined to become a landmark in the progress of economies. Its title is Human Action, and its author is Ludwig von Mises. It is the consummation of half a century [...]

19Aug2009 | Henry Hazlitt | 1 comment | Continued

The Early History of FEE

Henry Hazlitt had a long and distinguished career as economist, journalist, author, editor, and literary critic. This article, first published in the March 1984 issue of The Freeman, is excerpted from his remarks at the Leonard E. Read Memorial Conference on Freedom, November 1983. I’ve been invited to share some recollections about the early days [...]

1May2006 | Henry Hazlitt | 1 comment | Continued

The Function of The Freeman

On the positive side, of course, our function is to expound and apply our announced principles of traditional liberalism, voluntary cooperation, and individual freedom. On the negative side, it is to expose the errors of coercionism and collectivism of all degrees—of statism,“planning,” controlism, socialism, fascism, and communism. We seek, in other words, not only to [...]

1Jan2006 | Henry Hazlitt | 0 comments | Continued

Inflation in One Page

1. Inflation is an increase in the quantity of money and credit. Its chief consequence is soaring prices. Therefore inflation — if we misuse the term to mean the rising prices themselves — is caused solely by printing more money. For this the government’s monetary policies are entirely responsible. 2. The most frequent reason for [...]

1Nov2004 | Henry Hazlitt | 5 comments | Continued

The Mont Pelerin Society

I once had the good fortune to be present at a triangular conversation with Ludwig von Mises and Professor William Rappard of the Institute of High International Studies of Geneva. Dr. Rappard had just been appointed by the United Nations as a member of a commission to promote international intellectual cooperation and was poking light [...]

1Nov2004 | Henry Hazlitt | 1 comment | Continued

The Legacy of Marx

A number of women (and men) have recently been contending that women who are just as productive as men are being employed on the average for only about 70 percent as much pay, and that the statistics prove it. I am not going to quarrel with the comparisons of men’s and women’s actual wages, but [...]

1Nov2004 | Henry Hazlitt | 0 comments | Continued

Private Enterprise Regained

Governor Bradford’s own history of the Plymouth Bay Colony over which he presided is a story that deserves to be far better known—particularly in an age that has acquired a mania for socialism and communism, regards them as peculiarly “progressive” and entirely new, and is sure that they represent “the wave of the future.” Most [...]

1Nov2004 | Henry Hazlitt | 3 comments | Continued

All Poorer After the War

No part of the world can become permanently richer by an immense destruction of wealth in another part. Our prosperity is bound up with that of our neighbors. If my neighbor becomes poorer, he will have fewer surplus goods to sell me; he will not be able to spare them; I myself may have to [...]

1Nov2004 | Henry Hazlitt | 0 comments | Continued

Understanding "Austrian" Economics, Part 2

This article appeared in the February 1981 issue. It was originally commissioned by the Silver and Gold Report, Newtown, Connecticut. After the passing of its three founders—Carl Menger, Friedrich von Wieser, and Eugen von Böhm-Bawerk—Austrian economics fell for a long time into eclipse. It was not so much refuted as neglected. English-speaking economists began devoting [...]

1Nov2003 | Henry Hazlitt | 1 comment | Continued

Understanding Austrian Economics, Part 1

Austrian economics owes its name to the historic fact that it was founded and first elaborated by three Austrians—Carl Menger (1840–1921), Friedrich von Wieser (1851–1926), and Eugen von Böhm-Bawerk (1851–1914). The latter two built upon Menger, though Böhm-Bawerk, in particular, made important additional contributions. Menger’s great work, translated into English (but not until seventy-nine years [...]

1Oct2003 | Henry Hazlitt | 3 comments | Continued

The Function of The Freeman

Henry Hazlitt (1894-1993), author of Economics in One Lesson, The Failure of the “New Economics,” and other classics, was a founding trustee of FEE. Editor’s note: Henry Hazlitt wrote this piece several years after he and others revived The Freeman in 1950. Although it pre-dates the magazine’s merger with FEE’s Ideas on Liberty, Hazlitt’s message [...]

1May1996 | Henry Hazlitt | 1 comment | Continued

Private Enterprise Regained

Henry Hazlitt (1894-1993), author of Economics in One Lesson, was a Founding Trustee of FEE. This essay was written in 1949 and subsequently appeared in the first volume of Essays on Liberty, published by FEE in 1952. Governor Bradford’s own history of the Plymouth Bay Colony over which he presided is a story that deserves [...]

1Mar1996 | Henry Hazlitt | 0 comments | Continued

Perspective: Our Continuing Duty

Editor’s note: November 28, 1994, marks the 100th anniversary of the birth of Henry Hazlitt, renowned author of Economics in One Lesson and Founding Trustee of FEE. In responding to the tributes of friends who had gathered for his 70th birthday celebration, Mr. Hazlitt issued a stirring challenge to defenders of freedom. Thirty years later, [...]

1Nov1994 | Henry Hazlitt | 1 comment | Continued

Is Politics Insoluble?

Henry Hazlitt (1894-1993), a founding Trustee of this Foundation, was a noted economic journalist and author of the best-selling Economics in One Lesson. He also made major contributions to the critique of Keynesian economics and the foundations of morality. This article first appeared in the Fall 1976 edition of Modern Age, pp. 395-401. H. L. [...]

1Sep1994 | Henry Hazlitt | 1 comment | Continued

The Legacy of Karl Marx

Henry Hazlitt has had a long and distinguished career as economist, journalist, and author. Best known of his numerous books is Economics in One Lesson. How the Communist Manifesto fails as an economic guidebook. A number of women (and men) have recently been contending that women who are just as productive as men are being [...]

1Mar1986 | Henry Hazlitt | 0 comments | Continued

The Limitations of Profit-Sharing

Henry Hazlitt has had a long and distinguished career as economist, journalist, author, editor, and literary critic. A funny thing happened on March 28 of this year. The New York Times ran as its leading editorial a piece entitled “Best Idea Since Keynes.” This must have puzzled many readers. The main idea of Maynard Keynes [...]

1Sep1985 | Henry Hazlitt | 0 comments | Continued
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