Synopses & Reviews
The Price of ProperityA Peter L. Bernstein Finance Classic
One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days.
First published in 1962, The Price of Prosperity speaks to today's uncertainties as clearly as to those of the past. With chapters like "The Burden of Government" and "The Economics of Democracy," Bernstein probes the future of an economy during rapidly changing times and the appropriate role of government in determining the ultimate outcome.
The questions have not changed over time, but Bernstein's answers help us understand these issues from today's perspective. How much government control is too much control? How much can government spend? How can government influence the level of unemployment?
As Bernstein shows how to navigate an ever-changing economic landscape, his timeless insights throughout these pages make The Price of Prosperity as vital and important today as when it appeared in an environment fundamentally different from our own.
Synopsis
One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with these classic titles from a longer time horizon--including new introductions by the author and forewords by financial luminaries--readers will be able to enjoy some of the best Bernstein has to offer.
First published in 1962, The Price of Prosperity remains relevant in today's uncertain economic times. Bernstein discusses the future of an economy during difficult times and how government could potentially influence the ultimate outcome. He speaks to the same arguments that exist today: How much government control is too much? How is government spending linked to my own pocket?
Peter L. Bernstein (New York, NY) is the author of ten books, including the bestselling Against the Gods: The Remarkable Story of Risk (978-0-471-29563-1), Capital Ideas (978-0-471-73174-0), The Power of Gold: The History of an Obsession (978-0-471-00378-6), and Capital Ideas Evolving (978-0-471-73173-3), all from Wiley. He is also founder and President of Peter L. Bernstein, Inc., an investment consulting firm he established in 1973, which serves institutional investors and corporations around the world.
About the Author
PETER L. BERNSTEIN is founder and President of Peter L. Bernstein, Inc., established in 1973 as publishers of Economics & Portfolio Strategy and consultants to institutional investors around the world. He is also the author of ten books, including three recent volumes from Wiley—Against the Gods: The Remarkable Story of Risk, The Power of Gold: The History of an Obsession, and Capital Ideas Evolving.
Table of Contents
Foreword by (Paul A. Samuelson).
New Introduction.
Original Preface.
Chapter 1. The Arithmetic of Optimism.
Chapter 2. The Burden of Government.
Chapter 3. The Fear of Taxes.
Chapter 4. The Uses of Government.
Chapter 5. The Tragedy of Errors.
Chapter 6. The Economics of Democracy.
Statistical Appendix.
Acknowledgments.
Notes.
Index.