The Failure of the New Economics, written by Henry Hazlitt, read by Josiah Schmidt, for the Ludwig von Mises Institute, at www.mesis.org
Acknowledgements
I am indebted to Harcourt Brayson Company, the American publishers of Keynes's General
Theory, for their generous permission to reprint so many passages from that book.
This extensive quotation, rather than mere paraphrase, seemed to me almost unavoidable
in the present critical work because of the many existing and possible interpretations
and Disputes Concerning What Keynes Actually Said.
I wish to thank the New York Times for permission to reprint as an appendix my article on Keynes's
economic consequences of the peace in its issue of March 11, 1945.
I also wish to thank Newsweek for permission to use tables, charts and excerpts from some
Some of my articles that originally appeared in its pages.
My indebtedness to other publishers for permission to quote from authors or books published by
them is, I hope, sufficiently indicated in the text or in footnotes.
I am grateful to Ludwig von Mises for reading the galleys and offering some invaluable suggestions.
For the opinions expressed and any errors made, I alone, of course, must be held responsible.
My wife, as usual, has helped me in scores of details.
Henry Hazlitt, January 1959