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Economics

Comic: Henry Hazlitt in One Lesson

Remembering the author of Economics in One Lesson

Peter Bagge | From the July 2025 issue

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Illustration: Peter Bagge
Illustration: Peter Bagge
Illustration: Peter Bagge
Illustration: Peter Bagge
Illustration: Peter Bagge

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NEXT: 'We Can't Let These Sheep Go'

Peter Bagge is a contributing editor and cartoonist at Reason.

EconomicsComicsLibertarian History/PhilosophyLibertarianismHistory
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  1. Don't look at me! ( Is the war over yet?)   6 months ago

    It’s too late.

    1. Mother's Lament - (Sarc's a Nazi, not even joking)   6 months ago

      With the exception of Bagge, Remy and occasionally the good Liz and Robby, this place is proof.

      1. InsaneTrollLogic (Muting Sarc like he mutes us)   6 months ago

        It may be too late for the current system, but we can build after sweeping away the ashes and ruins of the Keynesian order.

  2. Stupid Government Tricks   6 months ago

    The book is great. The only thing I fault it for is the title; it implies a simple one or two hour read, a single lesson, when it's more like a single source, a semester's worth of multiple lessons.

    1. Roberta   6 months ago

      No, just the opposite. It's a refutation of many variations on a theme that keeps popping up, and it is indeed a quick read, but does not cover much positive economics. And I wouldn't even say it's great, just fair for what it does.

  3. Warren   6 months ago

    You lost, and now it's too late. Discussions about how to keep the global economy from collapsing are moot. Nothing at this point can prevent the USD from hyper inflation, and taking the rest of the world down with it. Probably sooner rather than later as the US is quadrupling and octupling down on higher deficit spending.

    It's not a question about how to prevent economic collapse, but what to do to prepare for it.

  4. Roberta   6 months ago

    Economics in One Lesson is OK, but mistitled. It's one lesson, all right, but doesn't come close to covering "economics". It's just a refutation of many variations of one economic misconception: Bastiat's broken windows fallacy. ISTR his having told me it was either the publisher's or editor's choice of title, which often happens.

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