Henry Hazlitt did an incredible thing with this book. He created in a mere 180 pages an anthology of short reviews of 550 books on economics and politics, old and new, from the point of view of an Austro-libertarian.
Hazlitt wrote it because he believed in books and ideas, and wanted to share his knowledge as widely as possible. So he takes on the role here as a guide to the literature. The prose is pristine, with unflagging energy from the first to the last.
He covers great classics of historic libertarian thought like de Tocqueville’s Democracy in America, John Stuart Mill’s On Liberty, Herbert Spencer’s The Man Versus the State, and Adam Smith’s The Wealth of Nations are characterized, along with a multitude of lesser and more ephemeral works.
There is some dated material here with Cold War era books, but that is perhaps 10% of the material here. And it is of historical interest. The rest feels as contemporary as when it was written. The book had a huge influence when it appeared, but it has been out of print for many decades.
It is doubtful that any review anthology this extensive or insightful will appear again.
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Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications. He is perhaps best known as the author of the classic, Economics in One Lesson (1946).
The whole system of priorities, allocations, quotas, and licenses causes endless delays, keeps efficient concerns from expanding, and keeps inefficient concerns in business.
Antipoverty "strategies" like mandatory overtime pay, state-protected unionization, and opposition to labor-saving devices only serve to increase the cost of living for poor and rich alike.
Libertarians must form and maintain organizations not only to promote their broad principles but to promote these principles in special fields.
NY: Van Nostrand, 1956
