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Hardcover The Doomsday Myth: 10,000 Years of Economic Crises (Hoover Institution Press Publication) Book

ISBN: 0817979611

ISBN13: 9780817979614

The Doomsday Myth: 10,000 Years of Economic Crises (Hoover Institution Press Publication)

In The Doomsday Myth, Charles Maurice and Charles Smithson show that although doom merchants have been predicting imminent collapse from resource shortages as long as civilization has existed, no nation has ever fallen because of the depletion of a resource. They also show that government intervention has not been the solution to these crises. Instead, freely functioning markets with individuals acting in their own self-interest have eliminated shortages, and averted doomsday. The free market theme is the same one used by Adam Smith in The Wealth of Nations in 1776, but the need to restate it for new generations is urgent. The authors concluded that a resource-based doomsday will arrive only if we suspend the functioning of free markets. This description may be from another edition of this product.

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Format: Paperback

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Rated 4 stars
Must read for the Rome Club environmentalist

I am not an economist, nor do I want to be so labeled, but this book, with a foreward by Phil Gramm and published by the prestigious Hoover Institute (Stanford), absolutely rocks! It will turn you on to supply side economics.Basically the premise of the book--that where there is a shortage, the price of the good will rise and cause either conservation, a search for substitutes or a search for more of what is in shortage,...

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