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A World of Wealth
Book

A World of Wealth

How Capitalism Turns Profits into Progress

FT Press, 2008 Mehr


Editorial Rating

8

Qualities

  • Innovative
  • Well Structured
  • For Beginners

Recommendation

Journalist Thomas G. Donlan is one of the U.S.’s strongest advocates of capitalism. The editorial page editor of Barron’s, he is a convinced, and often convincing, champion of free trade, free markets, deregulation and investment. These ideas went into something of an eclipse in the U.S. following the disastrous events in the real estate and asset-backed securities markets. However, getAbstract finds that Donlan’s book presents a spirited explanation of why these events were essential to putting the world back on course for economic growth and rising global prosperity. His style is concise, clear, pointed and frequently witty. True believers in the church of capitalism will value his defense of their doctrine; skeptics will likely respect his well-argued points, though they may conclude that he can be as much an apologist for capitalism as a proponent of it.

Take-Aways

  • No energy shortage exists. The world has abundant oil reserves to tap once accessing them becomes more economical than buying oil.
  • Environmental problems are economic problems, and markets can help solve them.
  • Free trade is good for society as a whole, but those hurt by free markets often can mobilize politicians who will protect them.

About the Author

Thomas G. Donlan, editorial page editor of Barron’s, writes on the economy, politics and investing. He is a frequent media source and guest.


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