Henry Hazlitt

The art of economics consists of looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. What book taught American supporters of free markets economics? Economics in One Lesson by Henry Hazlitt (1894–1993). A brilliant and pithy work first published in 1946, at a time of rampant statism at home and abroad, it taught millions the bad consequences of putting government in charge of economic life.