Did you know of the Hazlitt/Samuelson connection?
Earlier this week, Kimberly Fiorello, a state representative in the Connecticut legislature, had me spend an hour on Zoom with her and about 35 of her constituents to discuss Henry Hazlitt’s Economics in One Lesson. She’s a big fan of the book. She told me in advance that she would get things going after my short presentation by asking me who Hazlitt was. I was pretty sure I knew but I decided to research the question in advance.
I found some pretty neat information, all of it in a 2004 piece written that Bettina Bien Greaves wrote for The Freeman. The piece is titled “Remembering Henry Hazlitt.”
Two facts stood out that either I never knew or I had forgotten.
Hazlitt debated prominent people:
Hazlitt frequently debated prominent politicians on the radio: Vice President Henry Wallace, Secretary of State Dean Acheson, and U.S. Senators Paul Douglas and Hubert H. Humphrey.
Hazlitt’s connection with economics great Paul Samuelson:
Hazlitt must have been amused but somewhat chagrined when Samuelson, ardent Keynesian and author of the then-most-widely used college textbook, wrote Hazlitt that “one of the reasons [he] decided to go into economics” was because he had been impressed by a Hazlitt column assigned him when a college undergraduate. Hazlitt graciously thanked Samuelson for his letter. But he was too honest to let Samuelson believe he approved of his economics: “As you know, I venture to differ with you on some propositions in economics, and in my book, The Failure of the ‘New Economics,’ I may have expressed my differences with less than complete politeness. Nevertheless, I am enormously flattered to learn that something I wrote long ago influenced you and particularly that my article was one of the reasons that you decided to go into economics.”
By the way, Kimberly’s constituents were civil, interested, and fun to talk to.
Here’s my 2004 review of Economics in One Lesson.
READER COMMENTS
Bill Conerly
Nov 18 2021 at 8:34pm
I read Economics in One Lesson at age 16 and decided to be an economist. No regrets half a century later.
David Henderson
Nov 19 2021 at 12:05pm
Wow! Nice! You’ve got me curious. Did you come across it on your own? Was it recommended by a teacher? A parent?
David Seltzer
Nov 19 2021 at 4:28pm
David, When I asked what book you could recommend for my then freshman nephew who was interested in economics, you suggested, as the best text, Economics in One Lesson. Thank you. I recently reread the book and am currently reading The Road to Serfdom .
Kimberly Fiorello
Nov 23 2021 at 12:59pm
Hello from Connecticut!! Thank you so much, Dr. Henderson. I so appreciate your zooming into the Constitution State last week. Here is a link to the recording of our Book Talk. Let’s keep fighting the good fight for economic freedom and liberty because it’s what honors human dignity and individual potential and gives us our best chances to pursue happiness!!
https://fb.watch/9sV6i4HXme/
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