Failure and Progress
The Bright Side of the Dismal Science
About the Book
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 eliminating 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.
What Others Have Said
"One of the most important books I've ever read... Ought to be required reading for every senior executive."