One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperitywhich have forewords by financial luminaries and new introductions by the authoryou can enjoy some of the best of Bernstein in his earlier Wall Street days.
First published in 1962, The Price of Prosperity speaks to today's uncertainties as clearly as to those of the past. With chapters like "The Burden of Government" and "The Economics of Democracy," Bernstein probes the future of an economy during rapidly changing times and the appropriate role of government in determining the ultimate outcome.
The questions have not changed over time, but Bernstein's answers help us understand these issues from today's perspective. How much government control is too much control? How much can government spend? How can government influence the level of unemployment?
As Bernstein shows how to navigate an ever-changing economic landscape, his timeless insights throughout these pages make The Price of Prosperity as vital and important today as when it appeared in an environment fundamentally different from our own.
The Political Uses of Expert Knowledge: Immigration Policy and Social Research PO L I T I C I A N S and civil servants seem to be attaching more weight to using research in policymaking than ever before. Over the past decade, it has become de rigueur for governments and international organizations to stress the need for ‘evidence-based’ policy. The tendency was well exemplified by the Labour administration that...