From Adam Smith to the Wealth of America
This book demonstrates that because the United States is enmeshed in a complexity of regulations, government debt, bureaucracy, and taxes does not mean that these policies cannot be reversed. They have been before. Rabushka describes an earlier reversal of mercantilist claims by a growing group of influential politicians influenced by Adam Smith's The Wealth of Nations. It is Rabushka's contention that Adam Smith's principles of sound money, taxes, minimal governmental regulation, and free trade have led to prosperity.
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Prelude to Liberal Reform
The Reduction of Government Spending
Fifty Years of Tax Reform
The Flowering of Economic Freedom
Monetary Stability The Gold Standard at Work
From Factions to Parties The Transformation of British Politics
Economic Growth and Individual Prosperity
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activity Adam American annual balance Bank became bill Britain British budget capital century colonial constitutional consumer costs currency customs debt direct dollar domestic duties economic growth effect England exchange expenditure export federal fell figures Finance fiscal force foreign Gladstone gold government spending greater higher History Hong Kong House imports imposed included income tax increase individual industrial inflation interest investment issue labor land Laws limited London major manufacturing measures million monetary nearly nineteenth century notes official Parliament payments Peel percent period political population Press principles production proposed prosperity protection raised receipts reduced reform regulations remained repealed revenue rising rose savings silk Singapore social Source spending standard success supply Table Taiwan tariff tax rates taxation trade United University wages