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We study the Hardy inequality and derive the maximal theorem of Hardy and Littlewood in the context of grand Lebesgue spaces, considered when the underlying measure space is the interval (0,1) ⊂ ℝ, and the maximal function is localized in (0,1). Moreover, we prove that the inequality ${\left|\right|Mf\left|\right|}_{p),w}{\le c\left|\right|f\left|\right|}_{p),w}$ holds with some c independent of f iff w belongs to the well known Muckenhoupt class $A_p$, and therefore iff ${\left|\right|Mf\left|\right|}_{p,w}{\le c\left|\right|f\left|\right|}_{p,w}$ for some c independent of f. Some results of similar type are discussed for the case of small Lebesgue spaces....