This book examines the past as a way of preparing for the future. McCloskey has brought together leading economic historians who show that commonly accepted perceptions of our economic past can be wrong and, therefore, misleading. The contributors (including Robert Higgs, Julian and Rita Simon, Elyce Rotella, Terry Anderson, Barry Eichengreen, Price Fishback, Susan Phillips and J. Richard Zecher) address a wide range of issues: Teapot Dome scandal, banking regulation, "new" immigration problems, A T & T and deregulation, Third World development policies, the role of "big" government, technological innovation, and property rights. Each essay explores the role of government policy in the outcome of events. Written in nontechnical prose, this book is an essential reference for those interested in our economic past.
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Editorial Reviews
Review
"McCloskey combines his talents with those of many of his closest professional colleagues to produce an enticing set of relatively short essays that use economic history to illustrate the pitfalls and promise for contemporary public policy problems....A delightful volume."--Choice
"The caliber of the reasoning and the presentation of the historical evidence will place this book at the center of economic policy debates. It will be read by those who agree with the argument and, more important, by those who expect to disagree with it. Second Thoughts is an excellent volume to be used by students as well as by general readers."--Stanley R. Engerman, University of Rochester; coauthor of Time on the Cross
"Second Thoughts reaches conclusions that will challenge people of every political persuasion."--Rocky Mountain News
About the Author
Donald N. McCloskey is at University of Iowa.
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5 of 6 people found the following review helpful:
5.0 out of 5 stars
Superb Collection of Eloquent Essays,
This review is from: Second Thoughts: Myths and Morals of U.S. Economic History (Hardcover)
This collection of short essays packs astonishing punch per page. Nearly every paragraph bursts with revealing insights and germane facts. This book is one of the quickest routes by which the open-minded, but uninformed, person can become well-informed about the state of the world.
0 of 2 people found the following review helpful:
5.0 out of 5 stars
Superb Collection of Eloquent Essays,
By A Customer
This review is from: Second Thoughts: Myths and Morals of U.S. Economic History (Hardcover)
This collection of short essays packs astonishing punch per page. Nearly every paragraph bursts with revealing insights and germane facts. This book is one of the quickest routes by which the open-minded, but uninformed, person can become well-informed about the state of the world.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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black progress, free banking era, classic gold standard, small leases, regulatory prices, wildcat banking Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Third World, World War, Bell System, Great Depression, Teapot Dome, Civil War, New York, Supreme Court, New Orleans, Great Britain, Wall Street, Bank of England, Federal Reserve System, Can It Happen Again, Soviet Union, Hong Kong, Civil Rights Movement, Justice Department, The Equal Rights Amendment, Buena Vista Hills, Number One, Elk Hills, Fulton's Folly, Ordinance Department Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
black progress, free banking era, classic gold standard, small leases, regulatory prices, wildcat banking Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Third World, World War, Bell System, Great Depression, Teapot Dome, Civil War, New York, Supreme Court, New Orleans, Great Britain, Wall Street, Bank of England, Federal Reserve System, Can It Happen Again, Soviet Union, Hong Kong, Civil Rights Movement, Justice Department, The Equal Rights Amendment, Buena Vista Hills, Number One, Elk Hills, Fulton's Folly, Ordinance Department Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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