Comments (13)

• Dan Coleman

  What is with you guys?! I can hardly even take a peek at the newest Hazlitt book for *free* on mises.org before you keep putting out more of his titles!

  Keep up the good work. . .

  Published: October 31, 2006 1:40 PM

• Dennis Sperduto

  "The Failure of the New Economics" is perhaps Henry Hazlitt's most important work. It should be required reading for every college economics major, to serve as a much needed antidote to the various versions of Keynesianism the student is forced to study.

  Hazlitt deserves our great thanks for having the intellect and courage to write this book in the midst of the Keynesian avalanche.
  

  Published: October 31, 2006 2:02 PM

• KEELIANN JONES

  SHEESH .... THEY ARE AT IT AGAIN

  Published: October 31, 2006 5:52 PM

• Alexander Villacampa

  It is a great book and recommend it to all. Hazlitt is an excellent economist and an amazing writer.

  Published: October 31, 2006 10:02 PM

• Misesean

  It is a great book. I used to read the PDFs, but now I really want physical books to put in LibraryThing - http://www.librarything.com/catalog/Misesean

  I already have a copy of this one somewhere but I can't find it; maybe I lent it to someone and never got it back :(

  Published: November 1, 2006 1:22 AM

• Ben

  I've been trawling eBay and scouring bookstores for ages looking for this bloody thing, and now you're telling me I can have it for free with a simple click of a mouse button?? You, good sirs, are truly princes among men. And, um, princesses among women...

  Published: November 1, 2006 6:58 AM

• Misesean

  Borders found me a copy, about 3 years ago; I don't know where - took them a few weeks to get it. Wish I knew what I'd done with it!

  PS: join the http://www.librarything.com/groups/misescircle
  LibraryThing rocks! Rah, rah, rah! Come on people!

  Published: November 1, 2006 8:21 AM

• Daniel M. Ryan

  Thanks for it. This book was one of the first Austrian economics treatises I read in when in university; it was so scarce, I had to borrow it from a special reserve section of a small college library. Hazlitt's arguments were sufficiently decisive as to give me the fortitude to find and read all of the standard Austrian economics book I could find while in university.

  Published: November 1, 2006 9:19 AM

• Kenneth R. Gregg

  This is great to see online. After reading Murray's "Man, Economy and State" and a number of other works of economic science, I was still left with a few questions that I wanted to see answered before I would completely accept Austrian economic theory.

  "Failure of the New Economics" settled all residual questions for me. It was a tight, logically structured analysis which I have yet to find answered by any other school of thought adequately.

  I encourage anyone, if they are interested in studying Austrian economics, to carefully read this work.

  By the way, the Mises Institute is really doing a great job of bringing Austrian economics online, and I want to congratulate them for this. There were a number of fine, but lesser known, Austrian economists in Europe who I hope that they would look into reprinting as well: Michael A. Heilperin (one of my favorites), Moritz J. Bonn, and Guglielmo Ferrero would be a great place to start. Each of them were contributors to Austrian theory, but have been largely forgotten.

  Just a thought.
  Just Ken
  kgregglv@cox.net
  http://classicalliberal.blogspot.com/

  Published: November 1, 2006 9:52 PM

• Boerd

  Austrians get very hung up on the General Theory. But it seems to me that they assign much more importance to it than "mainstream" economists.

  As Hansen points out in his Guide to Keynes, economists had already started revising Keynes theories before the ink had even dried on the last volume.

  Heck, even the most well known "summary" of Keynes work (the IS-LM model) was almost totally different from what Keynes was saying. Not only does IS-LM use a theory of interest rate determintation different than Keynes' original conception, but it also portrays Keynes' conclusions as being on the same continum as those of the "classicals". And This is a model that was introduced ONE YEAR after the General Theory was published!!!

  http://cepa.newschool.edu/het/essays/keynes/hickshansen.htm

  So it should come as no suprise that there is nothing in Hazlitt's book that other economists didn't say earlier and better.

  Published: November 2, 2006 10:46 AM

• Russell Nelson

  Perhaps so, Boerd, but such detailed criticism was not available to Hazlitt. If you had actually READ the book, you would know that. And in any case, Keynes is still (for some ungodly reason) thought of as THE economist of the 20th century.

  Published: December 26, 2008 4:44 PM

• C.

  The clearest (and shortest) exposition of Keynsian economics I have found is 'The General Theory of Profit Equilibrium', which argues that Keynes was attempting to provide 'tools of thought' for economists, rather than direct economic policies as most of the literature on the subject assumes.

  http://openlibrary.org/b/OL10387259M

  Published: January 6, 2009 4:53 PM

• Ed Howard

  I read Hazlitt's book, The Failure of.... right after graduating from college with a degree in economics, 1969, and for the first time in four years understood economics. If people would read Economics in One Lesson we would have a better and smarter electorate.
  The real key to our prosperity is tools, and the ones that are helpful give us prosperity while those not useful are discarded. In Government there is no way to calculate the costs except with the free market. Henry Hazlitt was the best at explaining what Ludwig Von Mises taught.

  Published: February 26, 2009 11:27 AM