Brilliantly written and argued, Concrete Economics shows how authorities have repeatedly reshaped the yank financial system ever on account that Alexander Hamilton’s first, foundational redecorate.
This e-book does now not rehash the strong and lengthy-regular arguments that to thrive, entrepreneurial economies need a wide variety of freedoms. alternatively, Steve Cohen and Brad DeLong remedy our national amnesia approximately how our economy has honestly grown and the position authorities have performed in remodeling and reinvigorating it during our records. The government no longer best units the ground guidelines for entrepreneurial pastime but directs the surges of electricity that mark a colorful financial system. this is actual for present-day Silicon Valley because it changed into for brand new England production at the dawn of the 19th century.
The authors’ argument isn’t one based totally on summary ideas, arcane discoveries, or complicated correlations. as an alternative it’s miles based at the records—data that have been as soon as widely known but that have been obscured in a fog of ideology—of the way our economic system benefited from a pragmatic authorities method to be triumphant so brilliantly.