The Price of Prosperity A Realistic Appraisal of the Future of Our National Economy (Peter L. Bernstein's Finance Classics)

by Bernstein, Peter L.; Samuelson, Paul A.

• ISBN13: 9780470287576
• ISBN10: 0470287578
• Edition: 1st
• Format: Paperback
• Copyright: 2008-09-02
• Publisher: Wiley

Summary

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 these classic titles from a longer time horizon--including new introductions by the author and forewords by financial luminaries--readers will be able to enjoy some of the best Bernstein has to offer.First published in 1962, The Price of Prosperity remains relevant in today's uncertain economic times. Bernstein discusses the future of an economy during difficult times and how government could potentially influence the ultimate outcome. He speaks to the same arguments that exist today: How much government control is too much? How is government spending linked to my own pocket?Peter L. Bernstein (New York, NY) is the author of ten books, including the bestselling Against the Gods: The Remarkable Story of Risk (978-0-471-29563-1), Capital Ideas (978-0-471-73174-0), The Power of Gold: The History of an Obsession (978-0-471-00378-6), and Capital Ideas Evolving (978-0-471-73173-3), all from Wiley. He is also founder and President of Peter L. Bernstein, Inc., an investment consulting firm he established in 1973, which serves institutional investors and corporations around the world.

Author Biography

PETER L. BERNSTEIN is founder and President of Peter L. Bernstein, Inc., established in 1973 as publishers of Economics & Portfolio Strategy and consultants to institutional investors around the world. He is also the author of ten books, including three recent volumes from Wiley—Against the Gods: The Remarkable Story of Risk, The Power of Gold: The History of an Obsession, and Capital Ideas Evolving.

Table of Contents

Foreword	p. ix
New Introduction	p. xiii
Original Preface	p. xxv
The Arithmetic of Optimism	p. 1
The Burden of Government	p. 18
The Fear of Taxes	p. 36
The Uses of Government	p. 56
The Tragedy of Errors	p. 78
The Economics of Democracy	p. 98
Statistical Appendix	p. 121
Acknowledgments	p. 131
Notes	p. 133
Index	p. 137
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