Description
Book SynopsisSocialism or free-market capitalism: which is better for achieving human prosperity? Historians, economists, political scientists, and other leading scholars review the evidence from multiple perspectives, examining what it takes for a society to flourish and how well each economic and political system supports its promises.
Table of Contents
- Foreword by Condoleezza Rice
- Preface by Scott W. Atlas
- Acknowledgments
- Introduction
- Part I. History and Background
- 1. Capitalism, Socialism, and Freedom by Peter Berkowitz
- 2. Political Freedom and Human Prosperity by Larry Diamond
- 3. Innovation, Not Manna from Heaven by Stephen Haber
- Part II. Comparative Outcomes of Capitalism and Socialism
- 4. Socialism, Capitalism, and Income by Edward P. Lazear
- 5. Environmental Markets versus Environmental Socialism: Capturing Prosperity and Environmental Quality by Terry L. Anderson
- 6. Leaving Socialism Behind: A Lesson from German History by Russell A. Berman
- 7. The China Model: Unexceptional Exceptionalism by Elizabeth Economy
- 8. How Freedom Is Caught between Socialism and Capitalism in the Indo-Pacific by Michael R. Auslin
- Part III. The Contemporary Revival of Socialism and Its Prospects
- 9. Capitalism, Socialism, and Nationalism: Lessons from History by Niall Ferguson
- 10. Socialism and the Constitution by Michael W. McConnell
- 11. Socialism versus the American Constitutional Structure: The Advantages of Decentralization and Federalism by John Yoo
- Part IV. Social Democracy and Current Policy Debates
- 12. The Effect of Economic Freedom on Labor Market Efficiency and Performance by Lee E. Ohanian
- 13. The Costs of Regulation and Centralization in Health Care by Scott W. Atlas, MD
- 14. The Economic Impact of a Universal Basic Income by John F. Cogan and Daniel L. Heil
- 15. Taxation, Individual Actions, and Economic Prosperity: A Review by Joshua Rauh and Gregory Kearney
- Part V. Afterword
- 16. In an Emerging New World, Choose Economic Freedom by George P. Shultz
- About the Contributors
- Index
