About the Editor and Publisher
Henry Hazlitt (1894-1993) began his distinguished career in 1913at
The Wall Street Journal.
He went on to write for severalnewspapers, including
The New York Evening Post, The New YorkEvening Mail, The New York
In the early 1930she was literary editor of
and succeeded H. L. Menckenas editor of the
in 1933. From 1934 to 1946 heserved on the editorial staff of
The New York Times.
he wrote a series of courageous editorials opposing the trendtoward radical intervention by all levels of government. From 1946to 1966 he was the "Business Tides"columnist for
Mr. Hazlitt will be remembered as an eloquent writer, an incisiveeconomic thinker, and a tireless defender of freedom. His best knownbook was
Economics in One Lesson,
which has sold more than onemillion copies since its first publication in 1946. He wrote or editedseventeen other books, including
The Failure of the "New Economics "
The Foundations of Morality
(1964). He was a FoundingTrustee of The Foundation for Economic Education.The Foundation for Economic Education (FEE), established in1946 by Leonard E. Read (1898-1983), is the oldest economicresearch organization dedicated to the preservation of individualfreedom and the private property order. Its goal is to study the moraland intellectual foundation of a free society and share its knowledgewith individuals everywhere. It avoids political controversies. FEEis a purely educational organization, publishing and sponsoringseminars and lectures devoted to the limited government, privateproperty principles it espouses. In addition to books, its principalpublication is the monthly journal,
©1995 The Foundation for Economic Education, Inc.Originally published 1960 by D. Van Nostrand Company, Inc.ISBN 1-57246-013-X(Previously ISBN 0-87000-401)
For further information, contactThe Foundation for Economic Education30 South BroadwayIrvington-on-Hudson, New York 10533Telephone (914) 591-7230Fax (914) 591-8910
PRINTED IN THE UNITED STATES OF AMERICA