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A Capitalist Manifesto: Understanding The Market Economy And Defending Liberty, by Gary Wolfram
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The Communist Manifesto of 1848-the blueprint for modern totalitarian government-promises utopia but delivers dictatorship, poverty and misery everywhere its tried. Yet many of the tenets of this ideology endure among leftist thinkers, despite repeated and universal failure. The question is why? In A Capitalist Manifesto, Gary Wolfram answers that question with a clear explanation of the only economic system compatible with individual liberty, social justice and freedom: Capitalism. From barter to free markets, Wolfram explains the nature of money, the creation of wealth and the brilliance of a system based not on the state but rather on millions of unique individuals deciding what is best.
- Sales Rank: #208706 in Books
- Published on: 2013-08-16
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .38" w x 6.00" l, .51 pounds
- Binding: Paperback
- 150 pages
About the Author
Gary Wolfram is the William E. Simon Professor in Economics and Public Policy at Hillsdale College. He is also president of the Hillsdale Policy Group, a consulting firm specializing in taxation and policy analysis.
Most helpful customer reviews
10 of 10 people found the following review helpful.
Great primer in free market economics - needed understanding for a proper interpretation of today's economy
By Roanld Tenney
A Capitalist Manifesto -Understanding the Market Economy and Defending Liberty by Gary Wolfram
In March, I attended a 2 day seminar put on by Hilldale College. One of the three featured speakers was Gary Wolfram. I was unfamiliar with him before the seminar. He was entertaining, articulate and insightful. Economics has never really been an area of interest for me. But since the quality of our lives are so tied to our livelihood, and since more and more of our economy is controlled by the government, I bought this book.
If you do read this book, be prepared to review some of the basic economic lectures you had in college. Demand, supply and pricing are the stuff of economics. At first, I was a bit bored with the book. But as I continued on, Wolfram began to paint a picture of the economy from an historical perspective. He incorporates writings of many of the economic thinkers and philosophers of the past 300 years.
My comments...
In the simplest terms, as we permit government to control more and more of the economy, we reduce incentive for risk taking and capital formation. Even our basic urges for charity become corrupted in a way that we depend on Big Brother to care for the needs of the less fortunate.
There are large disparities in the free market system. There are always rich and poor. But in even case, the poor in free market systems live at a standard far above the poor in centralized economies. In other words, the most good can be achieved by the most people when there are fewer barriers to upward movement.
Book Summary...
Each chapter is written in a short, concise manner and this book is a breeze to read through. There are many perils in the writing as well. I plan to come back to some of the chapters over and over to deepen my understanding of what the heck is happening to me, my money, my government and the economy.
I do recommend this book for those interested in economics, liberty, the Keynsian economic theory, Friedrich Hayek, etc.
0 of 0 people found the following review helpful.
Teach by example, clear quick read. This should be required reading for all in Washington DC!
By Christine Reynaert
Great book! This is very well written and provides one of clearest explanations of Economic principles in the public sector. Everyone of our leaders in Washington DC and at the state level, should be required to read this! Quick read, with a nice surprise at the end; notes for each chapter! The author clearly knows how to both write and teach. I have recommended this book to the leadership at my company, esp. those in the Finance Treasury Department.
2 of 2 people found the following review helpful.
Marx Demolished
By Stephen Cicero
Without directly saying so, Gary Wolfram has completely shredded the Communist Manifesto. To anyone still struggling with the misguided and stale notions embedded in Socialism, this book clears away that debris.
A Capitalist Manifesto is clear, engaging, and compelling in its narrative concerning how people engage in trade, make decisions, and ultimately create their society and the economy that keeps it viable.
The author's style is reflective of his style when lecturing in the classroom: He entertains and humanizes ideas usually considered dry, overly complex, or downright boring. He proceeds in a logical fashion, progressing from basic concepts (with a chapter title that sounds like the lead-in to a bad joke: "Two Economists on a Bus") to more complex notions like Equilibrium and Profit, to consideration of the contrasts between Markets and Socialism, Individual Liberty, and the importance of Freedom to Economic progress. He then provides historical perspective and describes Economic thinking in light of the events of the Twentieth Century.
This book will prove useful to newcomers to the ideas of Economics as well as those who have long studied the subject.
Strongly recommended, and worth every penny!
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