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The Price of Prosperity: A Realistic Appraisal of the Future of Our National Economy
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The Price of Prosperity: A Realistic Appraisal of the Future of Our National Economy

2.57 of 5 stars 2.57  ·  rating details  ·  7 ratings  ·  1 review
One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as "Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity"?which have forewords by financial luminaries and ...more
Paperback, 143 pages
Published August 1st 2008 by John Wiley & Sons (first published November 30th 1961)
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I like a couple of Bernstein's other books but was pretty disappointed with this one. He appears to be quite naive about benefits of government spending dynamics -- theory may be one thing, but practice is something else completely. He also seems do ignore cost-benefit analysis and that government tends to be slow to invest capital to raise levels of productivity.
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Founder and President of Peter L. Bernstein, Inc., which he established in 1973 as economic consultants to institutional investors and corporations around the world.

In 1951, after teaching economics at Williams College and a five-year stint in commercial banking, Peter became Chief Executive of a nationally–known investment counsel firm, where he personally managed billions of dollars of individua
More about Peter L. Bernstein...
Against the Gods: The Remarkable Story of Risk Capital Ideas: The Improbable Origins of Modern Wall Street The Power of Gold: The History of an Obsession Wedding of the Waters: The Erie Canal and the Making of a Great Nation Capital Ideas Evolving

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