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FUNDANOMICS: The Free Market, Simplified, by Roy Spencer
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FUNDANOMICS is the simplest and most concise exposition you will find of what energizes the Free Market, and why it should be celebrated by all social classes.
Best-selling author Roy W. Spencer looks at the fundamental driving force that propels a society to ever higher levels of prosperity, generation after generation: People having the freedom to provide as much stuff as possible to each other that is needed and wanted...no matter what that stuff happens to be. Everything else in economics is details.
Spencer argues that this simplification is important because, unless the fundamental force unleashed by liberty and the pursuit of happiness is understood, citizens are too easily misled by politicians and experts who either cannot see the economic forest for the trees, or are purposely manipulating the economy for their own benefit. The claim that a more centralized control of the economy would be better for the poor is refuted with evidence from around the world which shows the level of countrys' economic freedom is directly related to the overall well being of a nation, for rich and poor alike.
The author explains that arguments over the individual mechanisms of the economy are unnecessary and distracting. It's not about money, because money has no inherent value. It's not about wages, because coerced increases in pay above what market forces can support end up holding the economy back. And it's not even about full employment, otherwise we could simply have half the population digging holes in the ground and the other half filling them up again.
FUNDANOMICS exposes the common economic myths and fallacies which allow governments to continue to get away with economic tricks and supposed fixes ranging from jobs programs to printing more money...efforts which end up reducing prosperity, rather than enhancing it.
FUNDANOMICS could fundamentally change the way you look at basic economics.
- Sales Rank: #949822 in eBooks
- Published on: 2011-07-04
- Released on: 2011-07-04
- Format: Kindle eBook
Most helpful customer reviews
0 of 0 people found the following review helpful.
Reads like a Liberal Parody of a Conservative's Understanding of Econ
By P. H. Jacobs
The author treats economics like a fundamentalist treats the bible, simultaneously accepting conservative-favored economic arguments as infallible while also ignoring enormous amounts of what the actual economists wrote when it contradicts his partisan views. For example, the author frequently cites FA Hayek, but also routinely rails against the regulation of environmental hazards like greenhouse gas emissions. Yet Hayek himself recognized such regulations as necessary:
"Nor can certain harmful effects of deforestation, or of some methods of farming, or of the smoke and noise of factories, be confined to the owner of the property in question or to those who are willing to submit to the damage for an agreed compensation. In such instances we must find some substitute for the regulation by the price mechanism." ~The Road to Serfdom
If you're looking for a well-written, well-argued case for conservative economic views and policy, keep looking.
0 of 1 people found the following review helpful.
Great read!
By Stephen Rademeyer
Easy to understand economic principles for the complete layman, would be the best prescribed school book in the whole world!!
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