By David R. Henderson
ISBN-10: 0130621129
ISBN-13: 9780130621122
The enjoyment of Freedom: An Economist's Odyssey isn't really a dry tome approximately loose industry economics: it brings the belief of freedom to lifestyles via tales of people that have came across it of their personal lives. David Henderson brings jointly those tales as by no means ahead of, celebrating these in American society -- and around the globe -- who're struggling with to get the govt off their backs. the reason for freedom led David Henderson to affix the Reagan management as a senior economist with the Council of monetary Advisers, to turn into the economics editor for the nationwide evaluate, and to make the case for freedom in dozens of articles in Fortune, the Wall highway magazine, and pink Herring. during this e-book, written as an highbrow sequel to Milton Friedman's mythical unfastened to settle on, Henderson tells the tales of freedom with outstanding energy, illustrating the centrality of freedom to a well-run financial system and an outstanding society. Henderson's tales could be a revelation; for instance, he exhibits how estate rights were used to guard natural world, from elephants to hawks.
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Additional resources for The Joy of Freedom: An Economist's Odyssey
Sample text
One day I was arguing the merits of economic freedom with my favorite math professor, a British socialist named Robert Coates. He said, “Well, I admit that I can’t answer your economic arguments, but if you’re so confident that you’re right, why don’t you go over to the economics department and take a course there? ” That shut me up. “He’s right,” I thought. “All I’ve been doing is reading economists who strongly believe in the free market. ” So the next year (in Canadian universities, most courses were yearlong rather than semester-long), my last year of college, I signed up for an introductory economics course based on a textbook written by Paul Samuelson and Anthony Scott.
These conclusions, at least, were what the principle of freedom implied. But I still had no idea how practical these ideas were. I was 17 and I had no basis in experience or in the modest amount I had read for judging how workable a free society was. I noticed something interesting about the discussions and arguments I was starting to have with professors, fellow students, and people generally: I would start by advocating freedom, and within two rounds of the debate, their problems with freedom came down to whether it would work.
Between the fall of the Berlin Wall in 1989 and the collapse of the Soviet Union in 1991,” recalled a high-level government planner in India, “I felt as though I were awakening from a thirty-five year dream. ”17 The head of the Chinese Communist Party’s propaganda department was shocked when he visited Japan and noticed that half of Japan’s households owned cars and over 95 percent owned TVs, refrigerators, and washing machines. In his report of his trip to Japan, this official wrote, “One Sunday we went out to a busy street.
The Joy of Freedom: An Economist's Odyssey by David R. Henderson
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