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.
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
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.
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