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The Way the World Works (Gateway Contemporary)

4.31  ·  Rating Details ·  75 Ratings  ·  13 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
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Paperback, 20th Anniversary Edition, 366 pages
Published July 1st 1998 by Gateway Editions (first published January 1st 1978)
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Arminius
Feb 23, 2008 Arminius rated it it was amazing
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
Scott Pierce
Feb 22, 2017 Scott Pierce rated it it was amazing
Shelves: finance
Must read if you want to understand economics and the benefits that accrue to countries, regions and people who are able to embrace the free market principles Wanniski explores.

Napoleon in 1799: "Whilst an individual owner, with a personal interest in his property, is always wide awake, and brings his plans to fruition, communal interest is inherently sleepy and unproductive, because individual enterprise is a matter of instinct, and communal enterprise is a matter of public spirit, which is rar
...more
Ron
Nov 04, 2009 Ron rated it really liked it
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
James
Jan 19, 2010 James rated it really liked it
Shelves: economics
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
Mar 24, 2013 Bruce Glass rated it really liked it
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
Mar 09, 2011 Prakhar Bindal rated it really liked it
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.
Ivan Rivero
Apr 30, 2016 Ivan Rivero rated it really liked it
I don't agree with the author's analysis and the conclusions he reaches; however, I commend the book for doing a great job with what it is trying to explain to its readers. Highly recommend it to those interested in economic theory, economic politics, etc.
Anhchau Vo
Jul 05, 2013 Anhchau Vo rated it it was amazing
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.
Jack
Aug 04, 2014 Jack rated it it was amazing
One of the most important books I've read.
Nedland P.
Dec 11, 2010 Nedland P. rated it it was amazing
The Supply-sider's bible.
Patrick
Jan 19, 2011 Patrick rated it it was amazing
No one can say more than that the title is justified, and Wanniski explains why.
William
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Sep 01, 2014
Binician
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Jan 20, 2012
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Nov 13, 2013
Kentaro Yamada
Jul 17, 2012 Kentaro Yamada rated it it was amazing
Really good book; next to impossible to find false in this book.
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