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Full Description
Socialism or free-market capitalism: Which is better for achieving human prosperity? The debate is long-standing—but some of the results are in. Historians, economists, political scientists, and other leading scholars review the evidence from multiple perspectives, examining what it takes for a society to flourish and how well each economic and political system supports its promises.
Contents
Foreword by Condoleezza Rice
Preface by Scott W. Atlas
Acknowledgments
Introduction
Part I. History and Background
1. Capitalism, Socialism, and Freedom by Peter Berkowitz
2. Political Freedom and Human Prosperity by Larry Diamond
3. Innovation, Not Manna from Heaven by Stephen Haber
Part II. Comparative Outcomes of Capitalism and Socialism
4. Socialism, Capitalism, and Income by Edward P. Lazear
5. Environmental Markets versus Environmental Socialism: Capturing Prosperity and Environmental Quality by Terry L. Anderson
6. Leaving Socialism Behind: A Lesson from German History by Russell A. Berman
7. The China Model: Unexceptional Exceptionalism by Elizabeth Economy
8. How Freedom Is Caught between Socialism and Capitalism in the Indo-Pacific by Michael R. Auslin
Part III. The Contemporary Revival of Socialism and Its Prospects
9. Capitalism, Socialism, and Nationalism: Lessons from History by Niall Ferguson
10. Socialism and the Constitution by Michael W. McConnell
11. Socialism versus the American Constitutional Structure: The Advantages of Decentralization and Federalism by John Yoo
Part IV. Social Democracy and Current Policy Debates
12. The Effect of Economic Freedom on Labor Market Efficiency and Performance by Lee E. Ohanian
13. The Costs of Regulation and Centralization in Health Care by Scott W. Atlas, MD
14. The Economic Impact of a Universal Basic Income by John F. Cogan and Daniel L. Heil
15. Taxation, Individual Actions, and Economic Prosperity: A Review by Joshua Rauh and Gregory Kearney
Part V. Afterword
16. In an Emerging New World, Choose Economic Freedom by George P. Shultz
About the Contributors
Index
