What a thrilling little treasure this is, a completely rediscovered book by Henry Hazlitt from 1922
This is Hazlitt before he became an advocate of the Austrian School, and here he is not writing on economics but personal ethics as informed by ancient principles. But the pre-Austrian in him shines through, because it is an application of the theory of time preference he picked up from his reading.
The book has been nearly impossible to get until this new edition, completely reset by the Mises Institute.
Why bring it back? Because it is Hazlitt, and because it is just splendid as a manual for the management of personal life.
"Will-Power, then, may be defined as the ability to keep a remote desire so vividly in mind that immediate desires which interfere with it are not gratified."
"As long as we keep in the backgrounds of our minds that the will is really an abstraction, there is no harm in speaking of it a good part of the time as if it were an entity; and insofar as it can be said to represent a definite and permanent entity, the will may be defined as our desire to be a certain kind of character. "
"It is not the 'conscience' in itself, nor the 'evil' desires, that ultimately count; it is the relation of the one to the other. The stronger his conscience, or counter-desires, must be; the weaker his desires, the less need he has for a strong conscience."
"A man who is good from docility, and not from stern self-control, has no character."
Henry Stuart Hazlitt (November 28, 1894 – July 9, 1993) was a libertarian philosopher, an economist, and a journalist for various publications including The Wall Street Journal and The New York Times, and Newsweek. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an important libertarian publication. In 1946 Hazlitt wrote Economics in One Lesson, his seminal text on free market economics, which Ayn Rand referred to as doing a "...magnificent job of theoretical exposition." Hazlitt is credited with bringing his ideas and those of the so-called Austrian School to the American economics scene and his work has influenced the likes of economist Ludwig von Mises, novelist and essayist Ayn Rand, and 2008 Libertarian Party Presidential nominee and congressman, Ron Paul.
Hazlitt was a prolific writer, authoring 25 works in his lifetime.
Ludwig von Mises said at a dinner honoring Hazlitt: "In this age of the great struggle in favor of freedom and the social system in which men can live as free men, you are our leader. You have indefatigably fought against the step-by-step advance of the powers anxious to destroy everything that human civilization has created over a long period of centuries... You are the economic conscience of our country and of our nation."