{"product_id":"choose-economic-freedom-george-p-shultz-9780817923440","title":"Choose Economic Freedom: Enduring Policy Lessons from the 1970s and 1980s","description":"\u003cp\u003eWhat are the keys to good economic policy? George P. Shultz and John B. Taylor draw from their several decades of experience at the forefront of national economic policy making to show how market fundamentals beat politically popular government interventions--be they from Democrats or Republicans--as a recipe for success.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eChoose Economic Freedom\u003c\/i\u003e reconstructs debates from the 1960s and 1970s about the use of wage and price controls as tools of policy, showing how brilliant economists can hold diametrically opposed views about the wisdom of using government intervention to spur the economy. Speeches and documents from the era include a recently unearthed memo from Arthur Burns, Federal Reserve chair, in 1971, in which he argues in favor of controls.\u003c\/p\u003e\u003cp\u003eUnder Burns's guidance and in the face of stubborn inflation, Nixon introduced wage and price guidelines and freezes. But over the long run, these became a drag on the economy and ultimately failed. It wasn't until the Reagan administration that these controls were reversed, resulting in a vibrant economy.\u003c\/p\u003e\u003cp\u003eThe words of iconic economist Milton Friedman--whose \"free to choose\" ethos inspired the free-market revolution of the Reagan era--along with lessons Shultz and Taylor learned from the front lines, demonstrate that tried-and-true economic policy works.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e George P. Shultz, John B. Taylor\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0817923446\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780817923440\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Hoover Institution Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/01\/2020\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 136\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.60lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.10h x 5.50w x 0.80d","brand":"George P. Shultz","offers":[{"title":"Hardcover","offer_id":43978366648575,"sku":"9780817923440","price":14.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_03a82d7e-789a-4008-a6fe-28057c02d226.jpg?v=1683241148","url":"https:\/\/www.whiterainbookhouse.com\/products\/choose-economic-freedom-george-p-shultz-9780817923440","provider":"WR Book House","version":"1.0","type":"link"}