In The Road to Permanent Prosperity Dewey B. Larson develops a complete economic theory that is firmly grounded on a set of principles and on deductions from such principles. The laws of economics are shown to be as inexorable as the laws of nature. The author's approach is that of an engineer describing the workings of a complex machine. Having formulated the principles to which the economic machine conforms, he develops a simple but far-reaching General Economic Equation that governs its operations. He shows that such tools make it is possible to fine-tune the economy to ensure that it durably performs at an optimal level.
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