Author(s): Thomas G. Donlan

Business

"Thomas Donlan's defense of free market capitalism is especially timely today given all the pressures to regulate and stifle it. The anti-globalization movement wants more trade protectionism and less immigration. The global credit crisis is putting pressure on governments to bail out irresponsible lenders and borrowers at taxpayers' expense. Instead, Donlan convincingly and clearly explains why we would all prosper more by doing all we can to make markets freer." --Ed Yardeni, President, Yardeni Research, Inc. "Thomas Donlan reminds us all that capitalism is not simply one choice among different and equally valid economic systems, but instead that hard work and the accumulation of wealth is the natural tendency of successful people and healthy societies around the world." --Christopher Whalen, Managing Director, Institutional Risk Analytics "It has been several decades since Joseph Schumpeter observed that the philosophical defense of a free-market economy must never cease. Thomas Donlan has taken up that challenge, but this clear-eyed book is much more than a defense.It is a magnificently constructed explanation of how the world works and why free-market capitalism continues to offer the greatest hope for solving our greatest challenges.