Keys to Prosperity: Free Markets, Sound Money, and a Bit of Luck

by Rudiger Dornbusch

Book Overview

Timely commentaries and essays from economist Rudi Dornbusch.

The underlying theme of Rudi Dornbusch's work is unabashedly Chicago, namely, the University of Chicago belief that markets solve problems best and that most bureaucrats, even when well-intentioned, are distracted by politics or excessive zeal for perfect solutions. Dornbusch seeks to challenge those in charge with alternative answers and to limit their ambitions. He takes aim...

• Format: Paperback
• Language: English
• ISBN: 026254136X
• ISBN13: 9780262541367
• Release Date: March 2002
• Publisher: MIT Press
• Length: 368 Pages
• Weight: 1.30 lbs.
• Dimensions: 0.9" x 6.0" x 9.0"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher

Customer Reviews

Packed With Knowledged!

This entertaining and sharply written collection of essays surveys the essential elements needed to assure prosperity in the 21st-century global economy. Some of the essays are dated (the only major flaw here), and some of author Rudi Dornbusch's predictions have already been proven wrong, but enough of his predictions are dead-on accurate that his views command attention. His policy prescriptions are rooted in the real world and grounded in practical experience. The region-by-region, nation-by-nation analysis is particularly intriguing and accentuates the clarity and accessibility of Dornbusch's sophisticated - if sometimes controversial - economic arguments. We [...] recommend this book as excellent reading for policymakers, investors and anyone interested in international markets and globalization.

the true key to prosperity - good governance!

Dornbush forwards a convincing argument for free markets and sound money. However one question begs to be answered. Why didn't these countries adopt the recommended policies?There's more to prosperity than mere free markets and sound money. The ability (or rather the lack of) to sail these policies through the congress/parliament appears to be a major impedence. And luck only plays a minimal role in good governance.Overall a good read. Non-technical approach makes this an entertaining book, only to let down by poor documentation (especially the 1st article which contains dubious looking charts with no references)...