Failure and Progress: The Bright Side of the Dismal Science

Dwight R. Lee and Richard B. McKenzie

Is a free-market economy cruel because some people are left unprotected against economic failure? Some believe so and favor a vast government safety net. But the authors of this readable and eye-opening book argue that government cannot mitigate failure without also elimination opportunities for success. The authors show that the money absorbed by bureaucracy in the name of helping the poor would be better spent in the wealth-creating sector where it would actually make people better off by producing growth and jobs. Distributed to the trade by National Book Network.

1993/163pp./$19.95 cloth ISBN: 1-882577-03-5/$10.95 paper ISBN: 1-882577-02-7

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