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Why Capitalism? Allan H. Meltzer (The Allan H. Meltzer University Professor of Political Economy, The Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University)

Why Capitalism? By Allan H. Meltzer (The Allan H. Meltzer University Professor of Political Economy, The Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University)

Summary

Why Capitalism? addresses the current debate among politicians, scholars in the political sciences, and general readers on the benefits and the supposed shortcomings of capitalism.

Why Capitalism? Summary

Why Capitalism? by Allan H. Meltzer (The Allan H. Meltzer University Professor of Political Economy, The Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University)

The financial crisis caused many genuinely to reconsider the desirability and feasibility of capitalism. In Why Capitalism?, renowned economist Allan Meltzer addresses what he feels are key issues that critics of capitalism routinely fail to adequately recognize . These include the power of incentives and capitalism's adaptability to varying morals, ideals, and cultures. Meltzer argues that while capitalism is not perfect, it is the best option for providing growth and personal freedom. Citing Kant, he stresses that most of the faults and flaws on which critics dwell are human faults and are not systemically inherent to capitalism. Other topics he addresses include the regulated welfare state and how it invites corruption, arbitrary decisions, and circumvention; and irresponsible deficit spending and the unsustainable, unfunded promises by politicians eager to please. Why Capitalism? is a short, powerful book that will raise the level of the current debate among politicians, scholars in the political sciences, and general readers interested in the political issues brought to light by the recent financial crisis, written by one of the strongest voices the public dialogue on the fundamental economic ideas on which the United States economy is based.

Why Capitalism? Reviews

the adamant clarity of the arguments, their simple, accessible presentation and the terse language show the authors life-long experience and commitment as a successful teacher and policy-maker. His book works brilliantly as an undergraduate introduction to the virtues of free-markets, and as a compact summary of a certain kind of wisdom for those social scientists who share its basic value premises. * Gerardo Serra, London School of Economics *
clear and concise ... In addition to public choice scholars, anyone interested in monetary policy should read this book, because it ties the monetary history of the United States over the last 100 years into a larger context of democratic failure and intervention. * Diana W. Thomas, Public Choice *

About Allan H. Meltzer (The Allan H. Meltzer University Professor of Political Economy, The Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University)

Allan H. Meltzer is The Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. He is the author of A History of the Federal Reserve, Vols. 1 and 2.

Table of Contents

Preface ; Chapter 1: Why Capitalism? ; Chapter 2: Regulation and the Welfare State ; Chapter 3: Why Big Deficits Now? ; Chapter 4: Sources of Postwar Progress ; Chapter 5: Foreign Aid ; Chapter 6: Why Inflation Will Return ; Index

Additional information

GOR007151591
9780199859573
0199859574
Why Capitalism? by Allan H. Meltzer (The Allan H. Meltzer University Professor of Political Economy, The Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University)
Used - Very Good
Hardback
Oxford University Press Inc
20120426
168
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Why Capitalism?