The Commanding Heights : The Battle for the World Economy
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The Commanding Heights : The Battle for the World Economy

by Daniel Yergin (Author), Joseph Stanislaw (Author) "THE FINAL MEETING of the Allied leaders took place in July 1945, in what had once been a palace of the kaiser in the Berlin..."

Yergin and Stanislaw's global tour d'horizon doesn't extrapolate from the discrediting of various shades of socialism that free markets are here to stay. The situation varies from country to country. The authors report on the post^-World War II performance of significant national economies and, moreover, on the politicians who, starting with Margaret Thatcher, advocated the disengagement of the state from the economy. This work complements Robert Skidelsky's Road from Serfdom (1996), a readable analysis of how the predictions of free-market economist F. A. Hayek came true. The authors supplement their research with interviews of influential economists and politicians over the past two decades, such as those who implemented "shock therapies" in ex-communist countries. The authors' judgments are reasoned and seasoned, far from podium-pounding homilies on the free market; rather, they explain why the welfare state was so appealing after the war, then how it gradually sputtered into 1970s stagflation. Renders wide-ranging acquaintance with the basic ideas of contemporary economics.

512 pages
Publisher: Free Press; Rev Upd Su edition (April 2, 2002)
Language: English
ISBN-10: 068483569X
ISBN-13: 978-0684835693

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