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The Way the World Works (Gateway Contemporary)
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The Way the World Works (Gateway Contemporary)

4.26 of 5 stars 4.26  ·  rating details  ·  57 ratings  ·  10 reviews

Jude Wanniski's masterpiece defined the policies at the heart of the Reagan economic boom that continues today and promises a coming century of global peace and prosperity. Writing with a simplicity and liveliness uncommon to his subject, Wanniski offers a fresh general theory of the world's political evolution that explains how and why economies fail and succeed, now and
Paperback, 20th Anniversary Edition, 366 pages
Published July 1st 1998 by Gateway Editions (first published January 1st 1978)
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Feb 29, 2008 Arminius rated it 5 of 5 stars
Recommends it for: keynesian theorists
Trickle down economics does not work you may have been told. Well read Jude Wanniski's book (the man who listened to the economist Art Laffler's theory) on what is called supply side economics, as he explains it in this book. Congressman Jack Kemp and Senator William Roth read the book then convinced Ronald Reagan of it's merits. When Reagan became President he followed it's principle argument for low marginal tax rates. Look at economic history and see how well high tax rates stack against low ...more
This is the book that sums up supply side economics and the Regan economic policies that brought the US out of the Carter era inflation troubles and sent the US on a 20 year bond and equity boom. To sum the book up, moving the tax burden of citizens down the Laffer curve results in economic prosperity. So lower taxes and smaller government is good. We can probably use a dose of that today. The book also has some interesting view on world politics and government, in that every country is a democr ...more
I read this for a class at the Free Market Society of Chicago in the early 1990s. It is a seminal book in economics and economic history. Named one of the 100 most influential books of the 20th century by the editors of the National Review, the book contains Wanniski's discovery of the cause of the Crash of 1929. His lucid reporting that the U.S. Senate's floor votes on the Smoot-Hawley tariff legislation coincided day-to-day with the October 1929 financial market collapse was the first persuasi ...more
Bruce Glass
Jude Wanniski is an excellent writer. He writes with charm and wit as he lays out a thorough and definitive argument for supply-side economics. He leaves out some very important mitigating factors, but the presentation is very well done. For anyone who wants to better understand the primary force behind Republican economic and tax policy initiatives, this book is must read. It contains some very important economic realities, despite its not providing a more complete and unbiased description of h ...more
Prakhar Bindal
The best book on economics. Shows fatuity of still-dominant demand-side model, with its silly preoccupation with accounting trivia, like the federal budget and trade balance and savings rates, in an economy with $40 trillion or so in assets that rise and fall weekly by trillions.
Anhchau Vo
Personally, it's an eye-opening book - it is set out in the most logical and easy-to-understand outline, written with concision and humor. Every minute reading was enjoyable and worthwhile.
Easy to read, easy to understand - this book opens your mind to how the world works.
No one can say more than that the title is justified, and Wanniski explains why.
Kentaro Yamada
Really good book; next to impossible to find false in this book.
Nedland P.
The Supply-sider's bible.
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  • The Failure of the New Economics
  • Wealth and Poverty
  • Economic Sophisms
  • Money Mischief: Episodes in Monetary History
  • Man, Economy, and State with Power and Market: Government and Economy
  • Knowledge And Decisions
  • On The Wealth of Nations
  • Principles of Microeconomics
  • Bureaucracy
  • Losing Ground: American Social Policy, 1950-1980
  • The City
  • The Constitution of Liberty
  • Culture and Prosperity: The Truth About Markets - Why Some Nations Are Rich but Most Remain Poor
  • The Real Price of Everything: Rediscovering the Six Classics of Economics
  • Prophet of Innovation: Joseph Schumpeter and Creative Destruction
  • Principles of Economics
  • Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System
  • Microeconomics
The Way the World Works:  How Economies Fail – and Succeed Media Guide 1990 Way the World Works The 1992 Mediaguide: A Critical Review of the Media's Recent Coverage of the World Political Economy (Media Guide) The Media Guide, 1987: A Critical Review of the Media

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