The Way the World WorksJude Wanniski's masterpiece defined the policies at the heart of the Reagan economic boom that continues today and promises a coming century of global peace and prosperity. Writing with a simplicity and liveliness uncommon to his subject, Wanniski offers a fresh general theory of the world's political evolution that explains how and why economies fail and succeed, now and as far as we can imagine. |
Contents
The Political Model | 3 |
The Global Electorate | 19 |
The Electorate Understands Economics | 40 |
The Economic Model Capital | 55 |
The Economic Model Production | 71 |
Money and Tax Rates | 97 |
The Stock Market and the Wedge | 127 |
The Failure of the Economic Models | 160 |
Experiment in Puerto Rico | 287 |
Energy in Abundance | 307 |
Epilogue | 321 |
A Growth Path To The 21st Century | 329 |
Preface to the First Edition | 339 |
Introduction to the Second Edition | 345 |
Introduction to the Third Edition | 365 |
NOTES | 379 |
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Common terms and phrases
banks barter economy bill billion bonds bracket Britain British budget campaign century consumer contraction countries currency debt deficit demand Democrats devaluation dollar domestic economists effect efficient elections exchange expand Federal finance fiscal force foreign global electorate gold growth Hoover idea income tax income-tax increase individual industry inflation intellectual capital Jack Kemp Jude Wanniski Kemp Keynes Keynesian labor Laffer Curve less lower marginal measure ment monetarists monetary policy money economy money supply Mundell nations Nixon output percent personal income political economy political leaders politicians President problem produce progressive progressive tax Puerto Rico pushed Reagan reduced reforms Republican revenues Robert Mundell Senate Soviet Union spending stock market supply-side supply-side economics surtax tariff tax cuts tax rates tax wedge taxation theory Third World tion trade transactions Treasury U.S. dollar U.S. economy unemployment United vote voters wages Wanniski wealth workers York