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Sunday, July 26, 2009

Sunday Book Review- Economics Does Not Lie

Steven Spruiell tackles Economics Does Not Lie: A Defense of the Free Market in a Time of Crisis the pages of National Review:

Economics Does Not Lie is not as argumentative as its subtitle might lead you to think. It has the feel of a book that was embarked upon before the crisis hit, as if Sorman set out to write a sober-minded survey of economics as a science and got caught in a raging storm. The book doesn’t read like a polemical counterattack on capitalism’s crisis-minded critics, but it does serve as a defense of free markets because that is the direction in which the science of economics as explicated by Sorman points. No other system has proven as effective at reducing poverty and delivering growth as “free-market capitalism, informed by classical liberal economic theory,” and reports of the death of this system are greatly exaggerated. (more)

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