Juggernaut: The Rise and Fall of an Economic Behemoth

Morse, Eric Robert

ISBN 10: 1600200672 / ISBN 13: 9781600200670

Published by New Classic Books, 2021

About this Item

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Bibliographic Details

• Title: Juggernaut: The Rise and Fall of an Economic Behemoth
• Publisher: New Classic Books
• Publication Date: 2021
• Language: English
• ISBN 10: 1600200672
• ISBN 13: 9781600200670
• Binding: hardcover
• Edition: 2nd Edition
• Condition: Good

About this title

Synopsis

The 10th anniversary edition of the groundbreaking theory of political economy-updated, expanded, and revised. By historical accounts, there has never been a better time to be alive. More than 25% of all the wealth ever created was produced in the last ten years, extreme poverty was cut in half, and child mortality was reduced by a third among other staggering world statistics. Average Americans live better today than kings two hundred years ago could ever imagine.

But, if life is improving so significantly, why do we still see so much misery in the media? Why do we see incessant quibbling on social networks? Why is it that the average Americans who live better than kings feel like they are just getting by?

Juggernaut is a story about the Western economic tradition, how it was developed, and what brought about its catastrophic demise. Author Eric Robert Morse presents a clear-eyed and captivating journey from the dawn of Free-Market Capitalism during the Age of Exploration through the Enlightenment and the Industrial Revolution to the rise of Keynesianism and the dominance of the Welfare State.

Drawing from all corners of political, social, and economic study, including specialism and the division of labor, competition and Game Theory, and Statism and Public Choice Theory, Morse weaves together a groundbreaking economic theory, which promises to revolutionize the way you view economics and modern living altogether.

About the Author

Eric Robert Morse hails from the Kelley School of Business at Indiana University and associates with the tradition of the Salamanca, Austrian, Chicago, George Mason, and Indiana Schools of Economics.