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Why Progressive Institutions are Unsustainable (Encounter Broadside) Paperback – November 29, 2011


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Why Progressive Institutions are Unsustainable (Encounter Broadside) + The Dependency Agenda (Encounter Broadsides) + The Higher Education Bubble (Encounter Broadside)
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Product Details

  • Series: Encounter Broadside (Book 26)
  • Paperback: 64 pages
  • Publisher: Encounter Books (November 29, 2011)
  • Language: English
  • ISBN-10: 1594036268
  • ISBN-13: 978-1594036262
  • Product Dimensions: 7 x 4.8 x 0.2 inches
  • Shipping Weight: 3.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #333,376 in Books (See Top 100 in Books)

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29 of 34 people found the following review helpful By Fritz R. Ward TOP 1000 REVIEWERVINE VOICE on January 7, 2012
Format: Paperback Verified Purchase
This new book by Richard Epstein has a lot of potential. It explains why our current government institutions do not work, and describes a better system. Recent developments in public choice economics, however, suggest that the solution proposed in this book is ultimately unworkable.

A classical liberal, Epstein believes that well designed tax and regulatory structure by government promotes growth. Progressive institutions, however, are not well designed. Using high marginal tax rates and an ideology that supports redistribution will in fact promote an economic recession. Epstein suggests that we adopt a flat tax system and limit regulation to clear and simple laws governing commerce.

This is all well and good, so far as it goes. But one has to ask, why should we expect any governing institution to limit itself? If public choice economics has established anything in the last 20 years, it is that governing institutions are always expanding their size and reach. The incentives faced by public service employees work differently than those of private employees. The former have a strong incentive to expand their budgets and reach well past the marginal benefit gained by their actions. The latter do not. As a result, regulatory agencies grow over time, while providing less and less nominal benefit. Eventually they end up like the EPA, mandating enormous costs on industry, but offering little in the way of actual measureable benefits. But this growth also creates wealth inequalities by favoring existing industry over new start ups. And the result is a demand for "progressive" institutions that redistribute wealth and ultimately hurt society as a whole.

The bottom line then is that classical liberalism is a myth.
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5 of 5 people found the following review helpful By Althsius on December 25, 2013
Format: Kindle Edition Verified Purchase
The fundamental flaw in our modern life is that society has been superseded and smothered by the State. The State is of our own making. Books like this provide a small glimmer of hope - if only people will listen and change their values, and be willing to pay the hard consequences now or suffer unimaginable pain later.
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7 of 9 people found the following review helpful By Tina G. Mcmillan on September 13, 2012
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If you want to learn the perspective of a conservative/libertarian leaning political organization the broadside encounter books are a wonderful opportunity to explore topics in an essay format. They are interesting and well worth the read.
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