The Triumph of Economic Freedom
Debunking the Seven Great Myths of American Capitalism
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The Triumph of Economic Freedom
Narrated by:
Heathcliff Lee
Buy Now for £13.91
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Narrated by:
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Heathcliff Lee
"This readable and important book makes a strong case that the received version of economic history taught in high schools and colleges across the country is off the mark and that its errors distort current policy debates. It deserves attention from economic policymakers of all persuasions."
-LAWRENCE SUMMERS, former Secretary of the Treasury; President Emeritus, Harvard University
Since the dawn of the Industrial Revolution, capitalism has unleashed unimaginable growth in opportunity and prosperity. And yet, at key points in American history, economic disruption has led to a greater role for government, ostensibly to protect against capitalism’s excesses. Today, government regulates, mandates, subsidizes and controls a growing share of the American economy.
In this book, Phil Gramm, one of America’s premier public policy advocates, and noted economist Donald J. Boudreaux look at the seven events and issues in American history that define, for most Americans, the role of government and how the 21st century world works. To many Americans, these 5 periods of American history—the Industrial Revolution, Progressive Era, Great Depression, decline of America’s postwar preeminence in world trade, and the Great Recession--along with the existing levels of income inequality and poverty, represent strong evidence for expanding government in American life. Gramm and Boudreaux argue that the evidence points to a contrary verdict: government interference and failed policies pose the most significant threat to economic freedom.
Setting up each topic with a “just the facts” approach that defies partisanship, Gramm and Boudreaux provide a compelling and highly readable powerful reassessment that will challenge open-minded readers to rethink the conventional wisdom and the policies that spring from them.©2025 Rowman & Littlefield (P)2025 Bloomsbury Publishing PLC
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Critic reviews
Phil Gramm and Donald Boudreaux have written an excellent book continuing the defense of capitalism and economic freedom for another generation.
Gramm and Boudreaux successfully debunk seven widely held myths of American capitalism. Their debunking draws on a wide range of academic studies, strongly supported by the most accurate data. Highly recommended. All readership levels.
Gramm and Boudreaux tackle seven longstanding historical myths about American capitalism that still influence economic discussion today.
The Triumph of Economic Freedom is a welcome reminder to a nation suffering elected officials who have forgotten Economics 101 and 150 years of growing prosperity.
The book is a tour de force.
I wish that every American college and high school teacher of politics, economics, and history could be persuaded to read this invaluable book and to share its lessons with their students.
Really enjoyed this book, finally some sense in this insane world.
Also with an explanation of why WW2 did not cure the great recession. It wasa doozy. Not juzt coz it was impossible (so manyvworkers sent to kill, die and destroy, (instead of produce), but… (read the book).
The reader was great
I really enjoyed this book
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