"When creative human action is married to an efficient deployment of capital, modern science, and limited government intrusion, the most rapid growth of the economy occurs."
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Free People, Free Markets:
Their Evolutionary Origins by Ralph L. Bayrer New Academia Publishing
book review by L.A. Webb
Two centuries ago Adam Smith asked, "Why do some countries prosper and others do not?" Bayrer's well-researched book does a masterful job tackling Smith's ponderous question. This in-depth look at mankind's social, economic, and political history proves that economic freedom is essential for prosperity. Economic freedom gives individuals the chance to unleash their talents by growing entrepreneurial businesses that benefit not just the individual, but society as a whole. Culture plays a pivotal role in a country's economic freedom. The more a culture is willing to adapt to new ideas, the more likely it is to succeed economically. However, culture is not enough. Countries must also show a willingness to embrace free markets and commerce, science, individual empowerment, and secured ordered liberty.
It's a cautionary book, too. Stark examples throughout human history illustrate how once prosperous nations can stumble, stagnate, and decline. The overreaching tentacles of government, whether through high taxation or excessive regulations, will quickly place a stranglehold on economic freedom. When individual initiative and empowerment is squashed, the innate drive for enterprise and economic success fails resulting in stagnant growth and high unemployment.
Bayrer's strong command of the subject matter makes this a must read for citizens and policy makers across the globe. His objective presentation of the facts makes this a refreshing read in today's politically charged climate. After examining the facts, readers can't help but wonder why government officials insist on enacting certain economic policies when the timeline of history shows they never succeed.