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A recent collection of Henry Hazlett's
essays, The Wisdom of Henry Hazlitt (with an introduction by
Hans F. Sennholz) was reviewed by James Powell in 1993. Powell writes:
During history's darkest decades, from the reign of
Franklin Delano Roosevelt through Jimmy Carter, journalist Henry Hazlitt
was perhaps more successful than anyone else at conveying classical
liberal ideas to a large audience through 18 books and an
estimated 10,000 editorials, columns and articles.
This satisfying new book, published by the
Foundation for Economic Education (FEE), collects 30 of Hazlitt's
articles originally published in their flagship publication, The
Freeman, together with a bibliography by FEE scholar Bettina Bien
Greaves, reprinted tributes by Edmund A. Opitz and Ludwig von Mises, and
a charming memoir Hazlitt wrote almost three decades ago when he was
just 70. He is a self-taught genius. His father died not long after he
was born in Philadelphia, and his mother struggled with little money.
Hazlitt went to a school for fatherless boys. He couldn't afford
Harvard, so he enrolled at the College of the City of New York where
tuition was free. Even so, he soon had to drop out and help support his
family, starting with a stint at the Wall Street Journal. After several
years of self-education, he moved on to other newspapers, then followed
H.L. Mencken as editor of The American Mercury. Mencken remarked
that Hazlitt "is one of the few economists in human history who
could really write." By the 1940s, Hazlitt was writing columns and
editorials for the New York Times.
Between 1946 and 1966, he wrote the weekly "Business Tides"
column for Newsweek. I remember that back in my high school days, there
were few places to turn for free market views, but I could always open
Newsweek and see our guy "Harry" Hazlitt speaking as if from a
mountaintop. He provided heart-felt encouragement for countless numbers
of people like me.
Hazlitt's books included The Failure of the New Economics, The
Foundations of Morality and Man vs. the Welfare State, but he became
internationally famous for his little book called Economics in One
Lesson. Written in 1946, while he was at the New York Times, Economics
in One Lesson had an inauspicious start, as Hazlitt recalled in these
pages last November. The publisher didn't promote it. The book was never
offered by major book clubs. No celebrity endorsed it. University
professors didn't assign it. Nor did many libraries buy it. Nonetheless,
it quietly found a vast audience and went on to sell more than 1,000,000
copies. Economics in One Lesson has been translated into French, German,
Spanish, Portugese and Italian. It has probably done more to educate
people about why free markets work and why laws backfire than any other
single book. In addition, Hazlitt has done a great deal personally to
help defend human liberty. When the great Austrian economist Ludwig von
Mises fled from Hitler's Europe to an America where he was unknown,
Hazlitt became his most passionate champion. He helped persuade Yale
University Press editor Eugene Davidson to publish Mises' books. Hazlitt
promoted Mises' most historic work, Socialism, in the pages of the New
York Times. Later, Hazlitt told the world about Mises' epochal Human
Action. In 1947, he joined Friedrich Hayek in Mont Pelerin, Switzerland
to renew vital communications among classical liberals around the world.
In 1950, with Suzanne LaFollette and John Chamberlain, Hazlitt
helped launch The Freeman, an influential fortnightly which was named
after the luminous magazine of opinion Albert Jay Nock had published
during the 1920s. Mises, Hayek, Frank Chodorov, John T. Flynn, Garet
Garrett, Wilhelm Roepke and other illustrious classical liberal writers
all appeared in The Freeman, and it became an important postwar rallying
point by the time it was taken over by FEE in 1955. Hazlitt served as a
FEE trustee, writer and lecturer for years. The Wisdom of Henry Hazlitt
offers a splendid selection of his work. Although most articles were
written years ago, they offer abundant insights about government
problems which never seem to go away. For instance, Hazlitt chronicles
the phenomenal proliferation of laws disrupting our lives... American
legislative bodies from city councils to the U.S. Congress enact some
150,000 laws annually... the Federal Code of Regulations exceeds 120,000
pages... local regulations, Hazlitt notes, are every bit as complicatedthe
Boston building code alone is about 500 pages... Connecticut general
statues run to some 3.5 million words. Of course, Hazlitt remarks with
evident outrage, ignorance is never an acceptable excuse when peaceful
citizens run afoul of these byzantine laws or regulations.
In his characteristically concise articles, Hazlitt covers
tremendous ground. He explains the destructive effects of taxes,
inflation, rent controls, price controls, minimum wage laws, trade
restrictions and much more. He writes about key classical liberal
thinkers like John Locke, Bernard Mandeville, Adam Smith, Thomas
Jefferson, Herbert Spencer, Alexis de Tocqueville and John Stuart Mill.
Hazlitt, as this book will remind you, remains a great and beloved
teacher of liberty.
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