One of the foremost financial writers of his generation, Peter
Bernstein has the unique ability to synthesize intellectual history
and economics with the theory and practice of investment
management. Now, with classic titles such as Economist on Wall
Street, A Primer on Money, Banking, and Gold, and The Price of
Prosperity?which have forewords by financial luminaries and new
introductions by the author?you can enjoy some of the best of
Bernstein in his earlier Wall Street days.
First published in 1962, The Price of Prosperity speaks to
today’s uncertainties as clearly as to those of the past. With
chapters like ‘The Burden of Government’ and ‘The Economics of
Democracy, ‘ Bernstein probes the future of an economy during
rapidly changing times and the appropriate role of government in
determining the ultimate outcome.
The questions have not changed over time, but Bernstein’s answers
help us understand these issues from today’s perspective. How much
government control is too much control? How much can government
spend? How can government influence the level of
unemployment?
As Bernstein shows how to navigate an ever-changing economic
landscape, his timeless insights throughout these pages make The
Price of Prosperity as vital and important today as when it
appeared in an environment fundamentally different from our own.
Tabella dei contenuti
Foreword by (Paul A. Samuelson).
New Introduction.
Original Preface.
Chapter 1. The Arithmetic of Optimism.
Chapter 2. The Burden of Government.
Chapter 3. The Fear of Taxes.
Chapter 4. The Uses of Government.
Chapter 5. The Tragedy of Errors.
Chapter 6. The Economics of Democracy.
Statistical Appendix.
Acknowledgments.
Notes.
Index.
Circa l’autore
PETER L. BERNSTEIN is founder and President of Peter L.
Bernstein, Inc., established in 1973 as publishers of Economics
& Portfolio Strategy and consultants to institutional
investors around the world. He is also the author of ten books,
including three recent volumes from Wiley–Against the
Gods: The Remarkable Story of Risk, The Power of Gold: The History
of an Obsession, and Capital Ideas Evolving.
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