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Capitalism and Freedom: Fortieth Anniversary Edition

Milton Friedman

Capitalism and Freedom: Fortieth Anniversary Edition Milton Friedman Amazon Price: $13.50
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Customer Reviews:
Total reviews: 124 Average rating: 4.0 of 5

This man is a piece of garbage. 1 out of 5 stars.
6 of 52 people found this review helpful.

I literally almost vomitted reading this book for class. This father of Neoliberalism, the murderer Pinochet's pal, has caused immense suffering and destruction in the world with his proven-to-fail free market capitalism. Thank goodness he's dead. Lets pray there won't be another one as evil as him around for a while.

Editorial Review:

Selected by the Times Literary Supplement as one of the "hundred most influential books since the war"

How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.

Supercapitalism: The Transformation of Business, Democracy, and Everyday Life (Vintage)

Robert B. Reich

Supercapitalism: The Transformation of Business, Democracy, and Everyday Life (Vintage) Robert B. Reich Amazon Price: $10.85
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Customer Reviews:
Total reviews: 55 Average rating: 4.5 of 5

Remarkably erudite description of where the economy was, and why it is, where it is, now 5 out of 5 stars.
1 of 1 people found this review helpful.

Reich breaks up the US economy, since the end of World War II, into two eras:

The first is the 'Not Quite Golden Age', which ended in 1975. This era was marked by a shared gains across nearly all participants and stability. The problems were built in inefficiency and a stagnant mindset.

The second era is 'Supercapitalism' and encompasses everything after 1975. This era was marked by extremely efficient markets, creative business and many options for investors. The problem is that while investors and consumers have benefited immensely under this system, workers have suffered, and Washington has wholly sold out.

That's a very rough summary of what Reich details in perfectly concise and clear English. The argument he makes is one a great prosecutor makes on an open and shut case. Point by point he builds up to the conclusion, and it's nearly nearly indisputable when he arrives.

The base Reich builds is my favorite part of this book. It gives the best explanation of the modern (and recently modern) economy that I've ever read.

The base Reich builds is so solid, that the conclusions and summary just fall into place. If anything in the book is vague, it is in the conclusions and the author's recommendations.

It could also be said that the recommendations are prescient given the market collapse since this was published. This book is essentially an argument for sensible regulation, even before the collapse over the last few months that made 'deregulation' a four letter word.

Editorial Review:

From one of America's foremost economic and political thinkers comes a vital analysis of our new hypercompetitive and turbo-charged global economy and the effect it is having on American democracy. With his customary wit and insight, Reich shows how widening inequality of income and wealth, heightened job insecurity, and corporate corruption are merely the logical results of a system in which politicians are more beholden to the influence of business lobbyists than to the voters who elected them.

Powerful and thought-provoking, Supercapitalism argues that a clear separation of politics and capitalism will foster an enviroment in which both business and government thrive, by putting capitalism in the service of democracy, and not the other way around.

Give Me Liberty: A Handbook for American Revolutionaries

Naomi Wolf

Give Me Liberty: A Handbook for American Revolutionaries Naomi Wolf Amazon Price: $11.16
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Customer Reviews:
Total reviews: 20 Average rating: 4.5 of 5

A Call To Action 5 out of 5 stars.
1 of 1 people found this review helpful.

Ms Wolf in a clear and concise manner calls all patriotic Americans to action. A great book and a must read.

Motivates to take Action 3 out of 5 stars.
1 of 1 people found this review helpful.

"Handbook" is a good description. After making a convincing argument that it is our duty to make some noise and get involved, Wolf gives specific advice and resources to have our voices heard. One thing lacking is addressing the importance to really be informed. It appears to me that the people who know the least are the ones who talk the most and have the strongest opinions. Emotions run high and it is hard to have productive deliberation with people. Addressing this would have added an important element to the conversation.

It is scary to me that most people I talk to are willing to accept our government's lawlessness because they somehow think that it secures their safety. After reading this book I have a firmer belief and understanding of the meaning of rule of law and why our safety lies within the rules instead of the rulers.

Wolf outlines how to be a revolutionary in ways that may land you in jail and therefore gives advice for what to do if you are arrested. I don't think I will be taking to the streets in protests, but I am much more motivated to understand our constitution and become more involved in understanding what my representatives are doing in Washington. If government knows that "we the people" are watching closely, it will probably generate better behavior in government. Even though I am not willing be a revolutionary to the extent that would risk imprisonment, this book has motivated me to get off my duff and at least be present.

Editorial Review:

As the practice of democracy becomes a lost art, Americans are increasingly desperate for a restored nation. Many have a general sense that the "system" is in disorder -- if not on the road to functional collapse. But though it is easy to identify our political problems, the solutions are not always as clear. In Give Me Liberty: A Handbook for American Revolutionaries, bestselling author Naomi Wolf illustrates the breathtaking changes that can take place when ordinary citizens engage in the democratic system the way the founders intended and tells how to use that system, right now, to change your life, your community, and ultimately, the nation.

Capitalism, Socialism, and Democracy

Joseph A. Schumpeter

Capitalism, Socialism, and Democracy Joseph A. Schumpeter Amazon Price: $10.85
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Customer Reviews:
Total reviews: 18 Average rating: 4.0 of 5

Good Analysis, Bad Predictions 4 out of 5 stars.
6 of 6 people found this review helpful.

CS+D is one of the greatest books on political economy in the twentieth century. Schumpeter wrote this book when his generation was about to reach a fork in the road. What would the postwar world look like? Could Capitalism survive? Can Socialism work well enough to replace Capitalism? Was the dictatorial socialism of the USSR the wave of the future or could we have some form of democratic socialism? Schumpeter offered concise general answers to these questions. No, Capitalism cannot survive, and yes socialism can work.

In retrospect we can see that Schumpeter was wrong. However, there is no denying the greatness of this book. While Schumpeter's prediction of the demise of Capitalism was exaggerated, this is to some extent an understandable error. Schumpeter was right about how Capitalism would be attacked, but he overestimated the chances for the success of this attack. Capitalism did come under attack from the carping criticism of intellectuals. Many of those who you might expect to defend Capitalism remained silent. Yet capitalism survived anyway. Schumpeter's assertion that socialism can work is less defensible. Schumpeter also erred in predicting the obsolescence of the entrepreneurial function.

We can now use 20-20 hindsight to criticize Schumpeter for his general predictions. Or we could recognize that many of his individual supporting arguments are thought provoking, if not correct. Schumpeter had some good insights into democracy. His ideas on creative destruction and monopoly are important. Schumpeter does a good job discussing Marx too.

The important thing to remember while reading CS+D, is that you can learn much from it even though its major predictions failed the test of time. The issues explored in CS+D are vastly complex and involve elements that are hard to measure, let alone predict. One can be right on nine out of ten supporting arguments and still get the wrong answer in the end.

CS+D stands along side Hayek's The Road to Serfdom and Keynes' The General Theory as one of the most important and influential books of this mid Twentieth Century. Aside from its historical importance CS+D has many good insights. Schumpeter is worth reading despite the fact that his major predictions have failed. Read CS+D for its detailed analysis of economic and political systems, not for its general predictions regarding the postwar world.

Editorial Review:

In this classic and prescient book, Joseph A. Schumpeter introduced the world to the concept of "creative destruction," which forever altered how global economics is approached and perceived. Capitalism, Socialism and Democracy is essential reading for anyone who seeks to understand where the world economy is headed.

Democracy in America (Penguin Classics)

Alexis de Tocqueville

Democracy in America (Penguin Classics) Alexis de Tocqueville Amazon Price: $9.10
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Customer Reviews:
Total reviews: 14 Average rating: 4.5 of 5

Oops 3 out of 5 stars.
3 of 5 people found this review helpful.

935 page book with no index.

Come on, you don't need one.
You can remember that part about the aristocracy of the law...
was just about here...
Or was it here...
Don't worry, I've got it...
Just a sec...

Editorial Review:

In 1831 Alexis de Tocqueville, a young French aristocrat and ambitious civil servant, made a nine-month journey throughout America. The result was Democracy in America, a monumental study of the life and institutions of the evolving nation. Tocqueville looked to the flourishing democratic system in America as a possible model for post-revolutionary France, believing that the egalitarian ideals it enshrined reflected the spirit of the age and even divine will. His insightful work has become one of the most influential political texts ever written on America and an indispensable authority on democracy.

This new edition is the only one that contains all Tocqueville's writings on America, including the rarely-translated Two Weeks in the Wilderness, an account of Tocqueville's travels in Michigan among the Iroquois, and Excursion to Lake Oneida.

The Future of Freedom: Illiberal Democracy at Home and Abroad, Revised Edition

Fareed Zakaria

The Future of Freedom: Illiberal Democracy at Home and Abroad, Revised Edition Fareed Zakaria Amazon Price: $10.85
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Total reviews: 138 Average rating: 4.0 of 5

Editorial Review:

differently."—Washington Post

A modern classic that uses historical analysis to shed light on the present, The Future of Freedom is, as the Chicago Tribune put it, "essential reading for anyone worried about the promotion and preservation of liberty." Hailed by the New York Times as "brave and ambitious...updated Tocqueville," it enjoyed extended stays on the New York Times, Wall Street Journal, and Washington Post bestseller lists and has been translated into eighteen languages. Prescient in laying out the distinction between democracy and liberty, the book now contains a new afterword on the United States's occupation of Iraq.

"Intensely provocative and valuable," according to BusinessWeek, with an easy command of history, philosophy, and current affairs, The Future of Freedom calls for a restoration of the balance between liberty and democracy and shows how politics and government can be made effective and relevant for our time. This new edition includes a new afterword on America in Iraq.

Moyers on Democracy

Bill Moyers

Moyers on Democracy Bill Moyers Amazon Price: $17.79
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Total reviews: 12 Average rating: 4.0 of 5

Editorial Review:

Bill Moyers on America today:

“Here in the first decade of the twenty-first century the story that becomes America’s dominant narrative will shape our collective imagination and our politics for a long time to come. In the searching of our souls demanded by this challenge . . . kindred spirits across the nation must confront the most fundamental liberal failure of the current era: the failure to embrace a moral vision of America based on the transcendent faith that human beings are more than the sum of their material appetites, our country is more than an economic machine, and freedom is not license but responsibility—the gift we have received and the legacy we must bequeath.

“Although our sojourn in life is brief, we are on a great journey. For those who came before us and for those who follow, our moral, political, and religious duty to make sure that this nation, which was conceived in liberty and dedicated to the proposition that all are equal under the law, is in good hands on our watch.”
—from “For America’s Sake”

People know Bill Moyers mostly from his many years of path-breaking journalism on television. But he is also one of America’s most sought-after public speakers. His appearances draw sell-out crowds across the country and are among the most reproduced on the Web. “And one reason,” writes noted journalist Bill McKibben, “is that Moyers pulls no punches. His understanding of America’s history is at least as deep as his understanding of Christian tradition, which is an integral part of his background . . . With his feet firmly planted in the deepest American traditions, Bill Moyers is helping to keep alive an oratorical tradition that is fading after two centuries. Trained by his career in broadcasting, he writes for the ear, his cadences and his repetitions timed to bring an audience to full realization of its role and its power.”

And that is the message of this book. Moyers on Democracy collects many of Bill Moyers’s most moving statements to connect the dots on what is happening to our country—the twinned growth of private wealth and public squalor, the assault on our Constitution, the undermining of the electoral process, the accelerating class war against ordinary (and vulnerable) Americans inherent in the growth of economic inequality, the dangers of an imperial executive, the attack on the independence of the press, the despoiling of the earth we share as our common gift—and to rekindle the reader’s conviction that “the gravediggers of democracy will not have the last word.” Richly insightful and alive with a fierce, abiding love for our country, Moyers on Democracy is essential reading in this fateful presidential year.

A People's History of the United States: 1492-Present

Howard Zinn

A People's History of the United States: 1492-Present Howard Zinn Amazon Price: $23.73
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Total reviews: 645 Average rating: 4.0 of 5

Editorial Review:

Consistently lauded for its lively, readable prose, this revised and updated edition of A People's History of the United States turns traditional textbook history on its head. Howard Zinn infuses the often-submerged voices of blacks, women, American Indians, war resisters, and poor laborers of all nationalities into this thorough narrative that spans American history from Christopher Columbus's arrival to an afterword on the Clinton presidency.

Addressing his trademark reversals of perspective, Zinn--a teacher, historian, and social activist for more than 20 years--explains, "My point is not that we must, in telling history, accuse, judge, condemn Columbus in absentia. It is too late for that; it would be a useless scholarly exercise in morality. But the easy acceptance of atrocities as a deplorable but necessary price to pay for progress (Hiroshima and Vietnam, to save Western civilization; Kronstadt and Hungary, to save socialism; nuclear proliferation, to save us all)--that is still with us. One reason these atrocities are still with us is that we have learned to bury them in a mass of other facts, as radioactive wastes are buried in containers in the earth."

If your last experience of American history was brought to you by junior high school textbooks--or even if you're a specialist--get ready for the other side of stories you may not even have heard. With its vivid descriptions of rarely noted events, A People's History of the United States is required reading for anyone who wants to take a fresh look at the rich, rocky history of America.

The Thumpin': How Rahm Emanuel and the Democrats Learned to Be Ruthless and Ended the Republican Revolution

Naftali Bendavid

The Thumpin': How Rahm Emanuel and the Democrats Learned to Be Ruthless and Ended the Republican Revolution Naftali Bendavid Amazon Price: $16.29
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Total reviews: 12 Average rating: 4.0 of 5

Editorial Review:

In the 2006 midterm elections, the Democratic party ended twelve years of electoral humiliation by seizing back Congress and putting an end to Republican rule. The Thumpin’ is the story of that historic victory and the man at the center on whom Democratic hopes hinged: Congressman Rahm Emanuel, head of the Democratic Congressional Campaign Committee (DCCC).

Chicago Tribune reporter Naftali Bendavid had exclusive access to Emanuel and the DCCC in the year and a half leading up to the elections and ended up with the story of a lifetime, the thrilling blow-by-blow account of how Emanuel remade the campaign in his own ferocious image. Responsible for everything from handpicking Congressional candidates to raising money for attack ads, Emanuel, a talented ballet dancer better known in Washington for his extraordinary intensity and his inexhaustible torrents of profanity, threw out the playbook on the way Democrats run elections.

Instead of rallying the base, Rahm sought moderate-to-conservative candidates who could attract more traditional voters. Instead of getting caught in the Democrats’ endless arguments about their positions, he went on the attack, personally vilifying Republicans from Tom DeLay to Christopher Shays. And instead of abiding by the gentlemen’s agreements of good-old-boy Washington, he broke them, attacking his counterpart in the Republican party and challenging Howard Dean, the chairman of his own party.

In 2005, no one believed victory was within the Democrats’ grasp. But as the months passed, Republicans were caught in wave after wave of scandal, support for the war in Iraq steadily declined, and the president’s poll numbers plummeted. And in Emanuel, the Democrats finally had a killer, a ruthless closer like Karl Rove or Lee Atwater, poised to seize the advantage and deliver what President Bush would call “a thumpin.’”

Taking its cues from classic political page-turners like Showdown at Gucci Gulch and documentaries like The War Room, The Thumpin’ takes us inside the key races and the national strategy-making that moved the Democrats from forecasted gains of three seats in 2005 to a sweeping gain of thirty seats when the votes were finally counted. Through this masterful account of Rahm’s rout, Bendavid shows how the lessons the Democrats learned in 2006—to fight for every vote, to abandon litmus tests, and to take no prisoners—will be crucial to the party’s future electoral success, and shape the political course the nation will take in the twenty-first century.

The Myth of the Rational Voter: Why Democracies Choose Bad Policies (New Edition)

Bryan Caplan

The Myth of the Rational Voter: Why Democracies Choose Bad Policies (New Edition) Bryan Caplan Amazon Price: $12.21
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Total reviews: 41 Average rating: 3.5 of 5

Editorial Review:

The greatest obstacle to sound economic policy is not entrenched special interests or rampant lobbying, but the popular misconceptions, irrational beliefs, and personal biases held by ordinary voters. This is economist Bryan Caplan's sobering assessment in this provocative and eye-opening book. Caplan argues that voters continually elect politicians who either share their biases or else pretend to, resulting in bad policies winning again and again by popular demand.

Boldly calling into question our most basic assumptions about American politics, Caplan contends that democracy fails precisely because it does what voters want. Through an analysis of Americans' voting behavior and opinions on a range of economic issues, he makes the convincing case that noneconomists suffer from four prevailing biases: they underestimate the wisdom of the market mechanism, distrust foreigners, undervalue the benefits of conserving labor, and pessimistically believe the economy is going from bad to worse. Caplan lays out several bold ways to make democratic government work better--for example, urging economic educators to focus on correcting popular misconceptions and recommending that democracies do less and let markets take up the slack.

The Myth of the Rational Voter takes an unflinching look at how people who vote under the influence of false beliefs ultimately end up with government that delivers lousy results. With the upcoming presidential election season drawing nearer, this thought-provoking book is sure to spark a long-overdue reappraisal of our elective system.


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