TY  - BOOK
N2  - Mainstream economics has no adequate answers for these pressing questions. To understand how we got here, and how we can ensure prosperity, we must turn to an alternative to the dominant approach: the Austrian School of economics. Veiyser tells the fascinating (but frightening) story of how our modern economic condition developed. The most recent recession, far from being an isolated incident, was part of a larger cycle that has been the scourge of the West for a century--a cycle rooted in government manipulation of markets and currency. The lesson is clear: the devastation of the recent economic crisis--and of stagflation in the 1970s, and of the Great Depression in the 1930s--could have been avoided. It didn't have to be this way. Economics is not a mysterious science, Veryser shows. As the Austrian School teaches, it is simply the study of human action. Mainstream economics has failed because it has forgotten this fundamental truth. Economists have tried to put economics on a par with hard sciences like physics, reducing everything to numbers. But their complex mathematical models and cherished theories have only contributed to economic collapse. As the debate rages over the role of government in the economy, Harry Veryser presents the proper alternative to government interventionist approaches that have proved so ineffective. Too long unappreciated, the Austrian School of economics reveals the crucial conditions for a successful economy and points the way to a free, prosperous, and humane society--Book Jacket.
AB  - Mainstream economics has no adequate answers for these pressing questions. To understand how we got here, and how we can ensure prosperity, we must turn to an alternative to the dominant approach: the Austrian School of economics. Veiyser tells the fascinating (but frightening) story of how our modern economic condition developed. The most recent recession, far from being an isolated incident, was part of a larger cycle that has been the scourge of the West for a century--a cycle rooted in government manipulation of markets and currency. The lesson is clear: the devastation of the recent economic crisis--and of stagflation in the 1970s, and of the Great Depression in the 1930s--could have been avoided. It didn't have to be this way. Economics is not a mysterious science, Veryser shows. As the Austrian School teaches, it is simply the study of human action. Mainstream economics has failed because it has forgotten this fundamental truth. Economists have tried to put economics on a par with hard sciences like physics, reducing everything to numbers. But their complex mathematical models and cherished theories have only contributed to economic collapse. As the debate rages over the role of government in the economy, Harry Veryser presents the proper alternative to government interventionist approaches that have proved so ineffective. Too long unappreciated, the Austrian School of economics reveals the crucial conditions for a successful economy and points the way to a free, prosperous, and humane society--Book Jacket.
T1  - It didn't have to be this way :why boom and bust is unnecessary--and how the Austrian school of economics breaks the cycle /
AU  - Veryser, Harry C.,
CN  - HB98
CN  - HB98
ID  - 467242
KW  - Austrian school of economics
KW  - Economics
KW  - Economic history.
KW  - Financial crises
SN  - 9781935191070
SN  - 1935191071
TI  - It didn't have to be this way :why boom and bust is unnecessary--and how the Austrian school of economics breaks the cycle /
ER  -