Sunday, August 05, 2012

The one book that would transform the United States of America

A couple of years ago, I was driving and listening to one of the founders of Real Clear Politics being interviewed on talk radio.

He was asked to pick just one book that would revolutionize the understanding of economics in this country (in other words, turn the tide completely away from the standard, government-issued Marxist crap taught in schools these days) and here it is:

The Foundation for Economic Education presents:


PREFACE: This book is an analysis of economic fallacies that are at last so prevalent that they have almost become a new orthodoxy. The one thing that has prevented this has been their own self-contradictions, which have scattered those who accept the same premises into a hundred different “schools,” for the simple reason that it is impossible in matters touching practical life to be consistently wrong. But the difference between one new school and another is merely that one group wakes up earlier than another to the absurdities to which its false premises are driving it, and becomes at that moment inconsistent by either unwittingly abandoning its false premises or accepting conclusions from them less disturbing or fantastic than those that logic would demand.

There is not a major government in the world at this moment, however, whose economic policies are not influenced if they are not almost wholly determined by acceptance of some of these fallacies. Perhaps the shortest and surest way to an understanding of economics is through a dissection of such errors, and particularly of the central error from which they stem. That is the assumption of this volume and of its somewhat ambitious and belligerent title. . .


No comments: