Cowboy Capitalism : European Myths, American Reality
Editorial Reviews
Book Description
Europeans and many American pundits believe that while the U.S. economy may create more growth, Europeans have it better when it come to job security and other factors. Olaf Gersemann, a German reporter who came to America, found the reality quite different. He checked facts and found the market freedoms in America create a more flexible, adaptable and prosperous system then the declining welfare states of old Europe.
From the Inside Flap
"This is a comprehensive, indeed truly encyclopedic, comparison of economic conditions and policies in the United States with those in Germany, France, and Italy. Gersemann, a German journalist based in the United States, provides detailed evidence to support his devastating rejection of common European fallacies about the American economy. A real treasure trove of thoughtful analysis." —MILTON FRIEDMAN, Nobel Laureate in Economics
"Citizens in all Western democracies want to provide more publicly financed welfare than they are willing, privately, to finance by taxes. The result is sluggish economies. In Old Europe the crisis is more acute than in the United States. This book documents the dramatic differences and stresses the proclivity of Europeans to denigrate the American experience rather than to acknowledge their own plight." —JAMES M. BUCHANAN, Nobel Laureate in Economics
"Gersemann pulls no punches in debunking prevalent European myths about the American economy. But Cowboy Capitalism is not about trumpeting American superiority; it’s about helping Western European countries achieve the robust growth and job creation their citizens deserve." —HENRY M. PAULSON JR., Chairman and CEO, Goldman Sachs Group
"This book offers an excellent comparison of U.S. capitalism with the ‘social’ model of Germany, France, and Italy. It is also a penetrating study of anti-market propaganda. Olaf Gersemann shows that the features of the American model that are attacked most by European critics from both left and right are those which continental Europe actually needs in order to overcome the social problems of high unemployment and to make the European economy more dynamic and competitive. The book displays a rare combination of clarity, passion, and moderation. I highly recommend that this book be widely read on both sides of the Atlantic." —LESZEK BALCEROWICZ, Former Finance Minister of Poland
"Gersemann combines the accuracy and incisiveness of a scholar with the verve and wit of the best kind of journalist. His readers will be fascinated from the beginning and enlightened by the end." —STEVEN LANDSBURG, author of The Armchair Economist
--This text refers to the
Hardcover
edition.
Cowboy Capitalism : European Myths, American Reality
Cowboy Capitalism : European Myths, American Reality,Olaf Gersemann,Cato Institute,1930865783,Business & Economics,Business / Economics / Finance,Business/Economics,Economic Conditions,Finance,Economic statistics,International economics
Cowboy Capitalism : European Myths, American Reality
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