Economia
Ciclos econômicos
Review
“Harry Veryser provides
an excellent introduction to the
Austrian School of economics and an excellent account of the economic
history of the twentieth century, chronicling the rise, fall, and (hopefully) rebirth of classical liberalism or libertarianism.
I highly recommend this book to the growing number of Americans interested in learning more about sound economics.”
—RON PAUL, bestselling author of End the Fed and Liberty Defined
“
I am blown away by how much ground Harry Veryser covers in this important book,
and how skillfully he covers it. This book will give you a quick yet
solid grounding in the recent financial crisis, U.S. and world economic
history, the history of economic thought, and more.
I strongly recommend it.”
—THOMAS E. WOODS JR., bestselling author of Meltdown, senior fellow of the Ludwig von Mises Institute
“Too
much of mainstream economics is rooted in dubious presumptions and
outright error; at the same time it’s adorned with equations that
provide a thin veneer of mathematical precision. If the insights of the
Austrian School had come to dominate the profession in the past century
as I expect they will in the future, many calamities could have been
avoided.
Harry Veryser has given us a book that not only tells all of
us what we need to learn but also provides economists with truths they
should never have forgotten.”
—LAWRENCE W. REED, president of the Foundation for Economic Education
“
Harry Veryser has written an excellent book
not only on Austrian economics but also on a century and a half of
economic history. His is a penetrating analysis of the most recent
economic crisis. Professor Veryser’s careful analysis of the case for
the gold standard is, in itself, outstanding scholarship.”
—LEWIS E. LEHRMAN, cofounder of the Gilder Lehrman Institute of American History, author of The True Gold Standard
“Professor
Harry Veryser is in the forefront of teaching sound economics in the
tradition of the Austrian School. In this much-anticipated book, he
powerfully demonstrates how much further advanced the United States and
the world would be if our leaders had followed the grand principles of
sound money and free markets.
I love every page of this book.”
—MARK SKOUSEN, editor of Forecasts & Strategies, author of Investing in One Lesson
Book Description
“Excellent . . . I highly recommend this book.” —RON PAUL
Why
is the boom-and-bust cycle so persistent? Why did economists fail to
predict the economic meltdown that began in 2007—or to pull us out of
the crisis more quickly? And how can we prevent future calamities?
Mainstream
economics has no adequate answers for these pressing questions. To
understand how we got here, and how we can ensure prosperity, we must
turn to an alternative to the dominant approach: the Austrian School of
economics.
Unfortunately, few people have even a vague
understanding of the Austrian School, despite the prominence of leading
figures such as Nobel Prize winner F. A. Hayek, author of The Road to Serfdom.
Harry C. Veryser corrects that problem in this powerful and eye-opening
book. In presenting the Austrian School’s perspective, he reveals why
the boom-and-bust cycle is unnatural and unnecessary.
Veryser
tells the fascinating (but frightening) story of how our modern economic
condition developed. The most recent recession, far from being an
isolated incident, was part of a larger cycle that has been the scourge
of the West for a century—a cycle rooted in government manipulation of
markets and currency. The lesson is clear: the devastation of the recent
economic crisis—and of stagflation in the 1970s, and of the Great
Depression in the 1930s—could have been avoided. It didn’t have to be
this way.
Economics is not a mysterious science,
Veryser shows. As the Austrian School teaches, it is simply the study of
human action. Mainstream economics has failed because it has forgotten
this fundamental truth. Economists have tried to put economics on a par
with hard sciences like physics, reducing everything to numbers. But
their complex mathematical models and cherished theories have only
contributed to economic collapse.
As the debate rages over the
role of government in the economy, Harry Veryser presents the proper
alternative to government interventionist approaches that have proved so
ineffective. Too long unappreciated, the Austrian School of economics
reveals the crucial conditions for a successful economy and points the
way to a free, prosperous, and humane society.
Mais
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