Henry Hazlitt

Date of Birth: November 28, 1894

Zodiac Sign: Sagittarius

Date of Death: July 9, 1993

Biography

Henry Hazlitt was an influential American economist, philosopher, and journalist, known for his contributions to economic theory and advocacy for classical liberalism. Born on November 28, 1894, in Philadelphia, Pennsylvania, he began his career in journalism at an early age, writing for The Wall Street Journal, The New York Times, and Newsweek. Hazlitt is perhaps best known for his book “Economics in One Lesson,” which simplifies complex economic concepts for the general reader. A staunch advocate of the Austrian School of economics, Hazlitt was a vocal critic of Keynesian policies and a proponent of free-market capitalism. Throughout his career, he wrote numerous books and articles, influencing generations of economists and policymakers. Hazlitt passed away on July 9, 1993, leaving behind a legacy of intellectual rigor and unwavering commitment to economic freedom.

5 Interesting Facts about Henry Hazlitt

1. Henry Hazlitt was a close friend and associate of Ludwig von Mises, another prominent Austrian economist.

2. He never completed his formal education, having dropped out of college to support his family, but he became an influential self-taught economist.

3. Hazlitt was a founding member of the Foundation for Economic Education (FEE), one of the first think tanks for free-market economics in the United States.

4. His book “Economics in One Lesson” has been translated into multiple languages and has sold over a million copies worldwide.

5. Hazlitt was a prolific writer, contributing to more than 20 books and countless articles over his career.

5 Most Interesting Quotes from Henry Hazlitt

1. “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”

2. “The ‘private sector’ of the economy is, in fact, the voluntary sector; and the ‘public sector’ is, in fact, the coercive sector.”

3. “The ideas we are fighting against today are simply the ideas that have always ruled the world—the ideas of tyranny and regimentation, of slavery and despotism.”

4. “Government can give us nothing without depriving us of something else.”

5. “The great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly to discover, to mine, and to process; and that it cannot be created by political fiat or caprice.”

Highest Net Worth Achieved

Henry Hazlitt’s highest net worth is not well-documented, as he was more focused on his intellectual pursuits and contributions to economic thought than on personal wealth accumulation. However, his influence and legacy in the field of economics are invaluable.

Children

Henry Hazlitt did not have any children. His legacy is carried on through his extensive body of work and the many economists and thinkers he influenced.