From Publishers Weekly
Reisman's ringing manifesto for laissez-faire capitalism free of all government intervention is at once a conservative polemic and a monumental treatise, brimming with original theories. that is remarkable for its depth, scope and rigorous argument. He rejects the Keynesian doctrine that government must adopt a policy of budget deficits to cope with unemployment, contending, to the contrary, that federal intervention in the economic system is a root cause of inflation, credit expansion, depression and mass unemployment. Reisman staunchly defends capitalists as risk-takers who raise the average worker's real wages and living standards, increasing productivity and improving the quantity and quality of goods. Socialism, he says, is the system that exploits labor and causes stifling monopolistic control. Professor of economics at L.A.'s Pepperdine University, Reisman frequently espouses unfashionable, some would say "extreme," views; for instance, he opposes mandatory recycling, defends insider trading of stocks as justifiable and beneficial and condemns laws banning child labor as an "inappropriate" response to a social ill. His call for a pro-capitalist political movement dedicated to the abolition of the welfare state, elimination of Social Security and Medicare, dismantling of public education, private ownership of all land, abolition of personal and corporate income taxes and a 90% cutback in government spending seems to put this tome beyond the pale of mainstream political debate?although it does come with advance raves from two Nobel laureates in economics. Conservative Book Club and Laissez Faire Book Club selection.
Copyright 1996 Reed Business Information, Inc.
"An expositon and defense of capitalism on a par with those of Mises and Hayek ." -- The Free Radical, June/July 1997
"Capitalism is . . . what a consistent, intelligent advocate of capitalism would say on almost any economic issue." -- FORTUNE, April 28, 1997
"Provides a comprehensive explanation of the nature and value of modern capitalism." -- Journal of Economic Literature, June 1998
"The most important tome about Austrian economics since Ludwig von Mises' Human Action and Murray Rothbard's Man, Economy, and State." -- 1997 Foundation for Economic Education Book Catalogue