The Triumph of Economic Freedom
Debunking the Seven Great Myths of American Capitalism
by Phil Gramm and Donald J. Boudreaux
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Pub Date May 13 2025 | Archive Date May 13 2025
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Description
How Capitalism Shaped our Age—and Government Regulation Threaten its Success
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.
Phil Gramm served six years in the U.S. House of Representatives and eighteen years in the U.S. Senate where he was Chairman of the Banking Committee. Gramm is a Visiting Scholar at the American Enterprise Institute. He was Vice Chairman of UBS Investment Bank and is now Vice Chairman of Lone Star Funds. He taught Economics at Texas A&M University and has published numerous articles and books including The Myth of American Inequality: How Government Biases Policy Debate, coauthored with Robert Ekelund and John Early, a Wall Street Journal Best Book of 2022 and winner of the 2024 Hayek Book Prize. Gramm lives in the Helotes, TX.
Donald J. Boudreaux is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia. His writings have appeared in the New York Times, Wall Street Journal, Investor’s Business Daily, The Washington Times, and many scholarly publications.
A Note From the Publisher
This is a set of uncorrected page proofs. It is not a finished book and is not expected to look like one. Errors in spelling, page length, format and so forth will all be corrected by the time the book is published several months from now. Photos and diagrams, which may be included in the finished book, may not be included in this format. Uncorrected proofs are primarily useful so that you, the reader, might know months before actual publication what the author and publisher are offering. If you plan to quote the text in your review, you must check it with the publicist or against the final version. Please contact rlreviews@bloomsbury.com with any questions. Thank you!
Available Editions
EDITION | Hardcover |
ISBN | 9798881808365 |
PRICE | $29.95 (USD) |
PAGES | 280 |