Allan H. Meltzer is The Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. He is the author of A History of the Federal Reserve, Vols. 1 and 2.

the adamant clarity of the arguments, their simple, accessible presentation and the terse language show the authors life-long experience and commitment as a successful teacher and policy-maker. His book works brilliantly as an undergraduate introduction to the virtues of free-markets, and as a compact summary of a certain kind of wisdom for those social scientists who share its basic value premises.

• Preface ; Chapter 1: Why Capitalism? ; Chapter 2: Regulation and the Welfare State ; Chapter 3: Why Big Deficits Now? ; Chapter 4: Sources of Postwar Progress ; Chapter 5: Foreign Aid ; Chapter 6: Why Inflation Will Return ; Index

Allan H. Meltzer is The Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. He is the author of A History of the Federal Reserve, Vols. 1 and 2.

the adamant clarity of the arguments, their simple, accessible presentation and the terse language show the authors life-long experience and commitment as a successful teacher and policy-maker. His book works brilliantly as an undergraduate introduction to the virtues of free-markets, and as a compact summary of a certain kind of wisdom for those social scientists who share its basic value premises.

• Preface ; Chapter 1: Why Capitalism? ; Chapter 2: Regulation and the Welfare State ; Chapter 3: Why Big Deficits Now? ; Chapter 4: Sources of Postwar Progress ; Chapter 5: Foreign Aid ; Chapter 6: Why Inflation Will Return ; Index