First Principles by John B. Taylor
Five Keys to Restoring America's Prosperity

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Synopsis

Leading economist John B. Taylor’s straightforward plan to rebuild America’s economic future by returning to its founding principles.


Mired in a crippling economic slump and hamstrung by partisan political debates, America faces substantial economic challenges, from widespread unemployment to the government’s ballooning debt. These assaults on our prosperity reflect the unintended consequences of more than a decade of government intervention in virtually all areas of the economy. Stanford University economist John B. Taylor proposes a natural and reasonable solution to our economic challenges: return to the country’s founding principles—limited government, rule of law, strong incentives, reliance on markets, a predictable policy framework—and rekindle its economic dynamism.
 

About John B. Taylor

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John B. Taylor is the Raymond Professor of Economics at Stanford University and the George Shultz Senior Fellow at Stanford's Hoover Institution. He was Treasury Under Secretary for International Affairs from 2001 to 2005.
 
Published January 23, 2012 by W. W. Norton & Company. 240 pages
Genres: Business & Economics, Political & Social Sciences, Education & Reference. Non-fiction

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And the author is surely right to point out that the flaws in the banking system were far deeper than a mere bailout could fix, adding, “The extraordinary bailout measures that began with Bear Stearns before the panic were the most harmful interventions.” Yet Taylor’s neolibertarian prescriptions...

Jan 15 2012 | Read Full Review of First Principles: Five Keys t...

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