Failure & Progress: The Bright Side of Dismal Science
Aug 1993 · Cato Institute
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180
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About this ebook
Is a free-market economy cruel because some people are left unprotected against economic failure? Some believe so and favor a vast government safety net. But the authors of this readable and eye-opening book argue that government cannot mitigate failure without also eliminating opportunities for success. The authors show that the money absorbed by bureaucracy in the name of helping the poor would be better spent in the wealth-creating sector where it would actually make people better off by producing growth and jobs.
Is a free-market economy cruel because some people are left unprotected against economic failure? Some believe so and favor a vast government safety net. But the authors of this readable and eye-opening book argue that government cannot mitigate failure without also eliminating opportunities for ...
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About the author
Dwight R. Lee is an adjunct scholar at the Cato Institute and professor of economics at the University of Georgia.
Richard B. McKenzie is a professor of economics at the University of California, Irvine and an adjunct scholar at the Cato Institute. He is also the author of The American Job Machine.
Dwight R. Lee is an adjunct scholar at the Cato Institute and professor of economics at the University of Georgia.
Richard B. McKenzie is a professor of economics at the University of California, Irvine and an adjunct scholar at the Cato Institute. He is also the author of The American Job Machine.
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