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Henry Hazlitt, a renowned economic journalist, is a better economist than a whole host of sterile academicians, and, in contrast to many of them, he is distinguished by courage: the courage to remain an "Austrian" in the teeth of the Keynesian holocaust, alongside Mises and F. On its merits, this book should conquer the economics profession as rapidly as did Keynes. But whether the currently fashionable economists read and digest this book or not is, in the long run, immaterial; it will be read, and it will destroy the Keynesian System.
At the very least, there is now a new generation under thirty-five, to bring this message to fruition. Far from being a dull read, this book has all the brightness and clarity we've come to expect from Hazlitt.
He is a dazzling writer, and one can't but thrill to see him in the ring with the giant Keynes. By the time he delivers the knockout punch--taking on Keynes's suggestion that we nationalize investment--there is nothing left of his opponent.
By now, Keynesian theory is so woven into both theory and policy that hardly anyone notices it anymore. But this Hazlitt book helps us stand up and take notice of the extent to which we've allowed sheer fallacy to dominate our thinking.
This new edition by the Mises Institute is a pleasure to release, after so many years of being out of print. Download books at Authorama 7.
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