The Conquest of Poverty

I wish to express my gratitude to the Principles of Freedom Committee, and also to the Institute for Humane Studies of Menlo Park, California, for their help and encouragement to me in writing this book.

The Committee has promoted a series of books on economic issues that seek to clarify the workings of the free market and the consequences of governmental intervention. I am proud to find my book in the company of the five previous volumes in the Principles of Freedom Series: Great Myths of Economics (1968), by Don Paarlberg, The Strange World of Ivan Ivanov (1969), by G. Warren Nutter, Freedom in Jeopardy: The Tyranny of Idealism (1969), by John V. Van Sickle, The Genius of the West (1971), by Louis Rougier, and The Regulated Consumer (1971), by Mary Bennett Peterson.

The substance of Chapter 13, “How Unions Reduce Real Wages,” was delivered as a talk before the international Mont Pelerin Society at Munich, West Germany, in 1970.

HENRY HAZLITT

Wilton, Connecticut
August, 1972