Description
In the 20th century, privatization and market capitalism have reconstructed Eastern Europe and lifted 800 million people - in China, Brazil, and India - out of poverty. In Economics Does Not Lie, noted French journalist Guy Sorman reveals that behind this unprecedented growth is not only the collapse of state socialism but also a scientific revolution in economics - one that is as of yet dimly understood by the public but increasingly embraced by policymakers around the globe.
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French economist Sorman defends the scientific status of free-market liberal economics and warns that turning away from its prescriptions, as tempting as it may be in this moment of global economic crisis, can only lead to disaster. His defense provides a general introduction to the fundamentals of liberal economics and lauds its accomplishments in the United States, South Korea, India, Brazil, Russia, China, and Turkey. He calls the ideas he's defending classical liberal economics, but critics would be more likely to label them neoliberalism. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)
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