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“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.”
“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.
This is the best and clearest and most explanatory book I've ever read TWICE NOW on economic theory. It is superb. Read morePublished 2 months ago by G C on a lake N of Dallas
This was an excellent book. Particularly compelling are the chapters on the multiple bubbles created by the Fed in the 1920's, the consequences of Nixon fully abandoning the gold... Read morePublished 14 months ago by Joseph Walsh
it explains why government is not the answer to the problems and in reality the cause of most of the problems people need to read this in order to understand what happens when the... Read morePublished 20 months ago by james clarkson
Perfect for my politically savvy husband. I didn't particularly care for it but we just have different tastes in interest.Published 21 months ago by lisa flynn
I agree with Ron Paul. Excellent! The best explanation of Austrian Economics I have read. Clarifies why things are the way they are.Published 21 months ago by Amazon Customer
This one book will enable you to argue with any economic "scholar," and hold your own. It challenges the very assumptions of (what passes for) economic theory today. Read morePublished 24 months ago by Amazon Customer
If you really want to know how sound economics works, and what is actually going on in the world, read this book! Period!Published on August 21, 2013 by Mark
Great book if you are interested in why we are in the mess we are in...this would be a great book for all of our elected official to read, but they don't even read the bills they... Read morePublished on August 9, 2013 by Matthew P. Schwob
Harry Veryser has presented us with a recipe for the common good. It is neither novel or complicated. Read morePublished on July 17, 2013 by Eric Langdon