In his defense of the constitutionality of
Lochner v. New York against the critics in the last issue of
Claremont Review of Books,
professor Richard Epstein invokes the Privileges and Immunities Clause
of the 14th Amendment. He claims that this clause, "properly read,"
Henry Hazlitt's novel,
Time Will Run Back, was originally published in 1951 as
The Great Idea.
It teaches that if capitalism did not exist, then it would be necessary
to invent it. It makes the case that the discovery of capitalism is one
of the greatest triumphs of the human mind. In his nonfiction works
Hazlitt is a master with respect to making economics understandable
(e.g.,
Economics in One Lesson). In
Time Will Run Back
he skillfully uses fiction to illustrate his teachings on economics. He
makes his points although the book was not written as an economic
treatise. The book has a good story line to keep the readers interested.
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