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The Price of Prosperity: Why Rich Nations Fail and How to Renew Them Audiobook, by Todd G. Buchholz Extended Sample Click for printable size audiobook cover
Author: Todd G. Buchholz Narrator: Todd G. Buchholz Publisher: Brilliance Audio Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: June 2016 ISBN: 9781522690764
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In this bold history and manifesto, a former White House director of economic policy under President George H. W. Bush exposes the economic, political, and cultural cracks that wealthy nations face and makes the case for transforming those same vulnerabilities into sources of strength—and the foundation of a national renewal

America and other developed countries, including Germany, Japan, France, and Great Britain are in desperate straits. The loss of community, a contracting jobs market, immigration fears, rising globalization, and poisonous partisanship—the adverse price of unprecedented prosperity—are pushing these nations to the brink.

Acclaimed author, economist, hedge fund manager, and presidential advisor Todd G. Buchholz argues that without a sense of common purpose and shared identity, nations can collapse. The signs are everywhere: Reckless financial markets encourage people to gamble with other people’s money. A coddling educational culture removes the stigma of underachievement. Community traditions such as American Legion cookouts and patriotic parades are derided as corny or jingoistic. Newcomers are watched with suspicion and contempt.

As Buchholz makes clear, the United States is not the first country to suffer these fissures. In The Price of Prosperity he examines the fates of previous empires—those that have fallen as well as those extricated from near-collapse and the ruins of war thanks to the vision and efforts of strong leaders. He then identifies what great leaders do to fend off the forces that tear nations apart.

Is the loss of empire inevitable? No. Can a community spirit be restored in the U.S. and in Europe? The answer is a resounding yes. We cannot retrieve the jobs of our grandparents, but we can embrace uniquely American traditions, while building new foundations for growth and change. Buchholz offers a roadmap to recovery, and calls for a revival of national pride and patriotism to help us come together once again to protect the nation and ensure our future.

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Quotes & Awards

  • “Buchholz is surely right that fostering a stronger sense of common identity is likely to be part of the answer to sustaining public support for open trade and borders.”

    Financial Times (London)

  • “Highly entertaining, farsighted, and enjoyably acerbic.”

    Sunday Times (London)

  • “How to renew the greatness of rich but potentially failing nations, like the United States…The author’s objective is to learn from how past leaders have dealt with similar problems and the associated cultural pessimism…A refreshing book that offers an alternative to the failing shibboleths of the day.”

    Kirkus Reviews

  • The Price of Prosperity is loaded with witty and provocative insight into the vexing question of our era: where do the prosperous nations go from here?”

    Michael J. Boskin, professor of economics at Stanford University

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About the Author

Todd G. Buchholz is a former White House director of economic policy, managing director of the legendary Tiger hedge fund, and winner of Harvard’s annual teaching prize in economics. He is the author of New Ideas from Dead CEOs and New Ideas from Dead Economists, among others. He has written for the New York Times, Wall Street Journal, Time, and Forbes. He regularly appears on PBS, NPR, Fox, and CNBC and is a coproducer of the Broadway hit Jersey Boys.