About this title: To celebrate the 20th anniversary of the book which helped launch the current economic miracle, Gateway Books is proudly repackaging and re-releasing The Way the World Works. Jude Wanniski's masterpiece defined the economic policies of the 1980s responsible for a booming stock market, the creation of thirty million new jobs, untold wealth, and unparalleled prosperity.
Note: This is a general synopsis. Each listing is described below.
Binding: Softcover
Publisher: Regnery Pub
Date Published: 1998-09-01
ISBN-13:9780895263445ISBN:0895263440
Description: NEW. Softcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780895263445. read more
Binding: Paperback
Publisher: Gateway Editions
Date Published: 1998
ISBN-13:9780895263445ISBN:0895263440
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
Binding: Paperback
Publisher: Gateway Editions
Date Published: 1998
ISBN-13:9780895263445ISBN:0895263440
Description: Good. Used Condition-GOOD can be a well cared for Book that is in great condition to a Book that may show some signs of wear. GOOD Books sometimes are permanently marked; have some spine or page creases; exibit signs of aging or an ExLibrary copy. ** Sometimes grease pencil or permanent marking on cover. May contain limited notes and or highlighting. 100% Satisfaction guaranteed on all purchases. ** SHIPS FROM USA-Domestic Delivery takes 5-14 days ** read more
Description: Very good. More "Like new"-Clean text thru-out, no marks-Clean cover with one bent corner-Tiny stain inside cover-Tight binding-Clean inside out-Only shelf-wear on cover (scuffed edges)-Tight binding-We ship out fast daily w/FREE tracking on this item-(Gotta have it fast? ) Expediated shipping is available on this item (Personalized Service~Always Bubble Envelope~ Expediated moves you to front of the line) read more
"This is the book that sums up supply side economics and the Regan economic policies that brought the US out of the Carter era inflation troubles and sent the US on a 20 year bond and equity boom. To sum the book up, moving the tax burden of citizens down the Laffer curve results in economic prosperity. So lower taxes and smaller government is good. We can probably use a dose of that today. The book also has some interesting view on world politics and government, in that every country is a democracy. Only some vote for their politicians and others speak their voices in other ways, usually revolution or assassination. The voice of the people is always heard in the end and is the natural progression of government.
This is truly an influential book and has helped craft lots of supply side economic policy that created the great economic booms of the 80s. It is a great read if you want to understand government policy of the 80s. There are many insightful economic concepts in this book and some very interesting and unique political viewpoints. But I find that the book's arguments can rely a bit too much on simplistic economic and government models that focus purely on wealth creation and avoid discussion of the issues of the modern social problems of our day such as pollution, poverty and social well being of the population."
"The sub-title is important, "How Economies Fail and Succeed."
Too many books on political economy and political science open with or somewhere contain a big chapter mulling over why a given country or continent is poor or under-developed. I wonder why they don't look for key ingredients present in rich developed countries first. Then find out which ingredient is missing in the poor areas.
This books is primarily about the United States and deals with, not areas of poverty, but periods and government interventions that appear to the author to cause economic downturns and recoveries.
I got the book because it had material on the stock market crash of 1929, but was very happy to find much more that was of interest. I found his defense of the message of the Laffer curve simply great! For any given amount of government revenue there are always two different rates of taxes that can yield the same revenue. One is a punitive high rate, and the other much more modest.
But on to the 1929 crash: the author examined news stories from 1929 and found a correlation between stories of Congress considering passing higher tariff rates and down-turns in the stock market. He also found not so many people invested in stock (six percent) and few borrowed from their brokers to speculate (two percent). The rise in stock prices in the twenties was supported by a steady rise in company earnings. A mild correction had already set in during September, 1929, probably due to the Federal Reserve making credit harder to get, hurting business.
His conclusion was that it was stories around Oct 24-29, 1929 that indicated the last opposition to the Smoot-Hawley tariff had given way, ensuring eventual passage into law, that triggered the big sell-off. Anticipation did it. The bill passed the next summer and other countries retaliated, bringing world trade to a virtual stand-still, bringing on the Great Depression."
"Trickle down economics does not work you may have been told. Well read Jude Wanniski's book (the man who listened to the economist Art Laffler's theory) on what is called supply side economics, as he explains it in this book. Congressman Jack Kemp and Senator William Roth read the book then convinced Ronald Reagan of it's merits. When Reagan became President he followed it's principle argument for low marginal tax rates. Look at economic history and see how well high tax rates stack against low tax rates and you will see how important this book is."
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