For this important new volume, Donald N. McCloskey has assembled twenty-four essays by leading economic historians who argue that commonly accepted perceptions of our economic past can be wrong and, therefore, misleading. The essays reevaluate various issues and events that influence today's economic thinking, thus examining the past as a way of preparing for the future. Such notable contributors as Robert Higgs, Julian and Rita Simon, Elyce Rotella, Terry Anderson, Barry Eichengreen, Price Fishback, Susan Phillips, and J. Richard Zecher address a wide range of issues, including the Teapot Dome scandal, banking regulation, "new" immigration problems, AT&T and deregulation, Third World development policies, the role of "big" government, technological innovation, and property rights.
Specially written for this collection in clear, nontechnical prose, the essays that comprise Second Thoughts fully explore the role of government policy in the outcome of events. This book is an essential reference for all who are interested in how our economic past and the way we interpret it determine the directions we will choose for our future.
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LibraryThing ReviewUser Review - JohnPhelan - LibraryThing
Hit and miss as any collection of essays will be. Mostly hit though with the earlier and microeconomically themed essays holding up better than the macro themed ones. Read full review
International Relations and Foreign Affairs
Do We Really Need All These Immigrants?
Do Imperial Powers Get Rich Off Their Colonies?
How Military Mobilization Hurts the Economy
Workers and Employment
If Its Broke Why Cant We Fix It?
How Can Displaced Workers Find Better Jobs?
HI Women and Minorities
Do Americans Want Big Government?
Regulation Deregulation and Reregulation
Can Price Controls Work?
Technology and Competitiveness
Down the Primrose Path
What Really Happened at Teapot Dome?
Does Government Intervention in the Economy Hurt
Competitiveness and the Antieconomics of Decline
Government and the Economy
Whos Afraid of the Big Bad Trade Deficit?
Can It Happen Again?
An Idea Whose Time Has Gone
chronology of important dates
FOR FURTHER reading
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accidents agricultural American AT&T became Bell System Britain British budget capital central bank colonial compensation competition Congress contractors controls costs countries decades decline defense deposits Depression deregulation domestic early Elk Hills employers employment exchange expenditures factory failure famine farm farmers federal government Federal Reserve Federal Reserve System firms fixed commissions foreign free banking Fulton funds gold standard growth Homestead Homestead Act immigration income tax increased industrial inflation institutions interest investment investors labor laws leases legislation liability loans Lowell military million monetary monopoly MYTH nineteenth century NYSE payments percent political population problems production profits programs rates regulation regulatory revenue securities share steamboat Supreme Court tariffs Teapot Dome Third World trade deficit U.S. Supreme Court United wages wildcat banking women workers World War II