Just in time for economic worry from politicians and the media, Eamonn Butler has come out with a book to remind us of the value and beauty of the free market. Just as people start to panic and reconsider all those daft meddling ideas that have failed in the past, he is here with a simple little book of illustration to keep things in perspective.
A bit of a primer and a basic guide, The Best Book on the Market sets things out in the simplest terms that even the densest politician can understand. The pun-tastic title is a good clue at the nature of this book.
While on a very serious subject, there is none of the po-faced writing that can be found in many books on the subject. Economists come in for a lot of stick in the book for over-complicating things and assuming life works as it does in theory.
The book is especially apt in the case of the calls for various people for surplus taxes and curbs on speculators with regard to the oil market. Its moves for a so-called "windfall tax" were voted down today in the US Senate.
The book quite rightly points out that government meddling and market manipulation is to blame for high prices rather than the other way round. Speculators take the risk so the rest of us don't have to. Bill O'Reilly and his ilk should take note of this book’s contents.
In an ideal world this book would be sent to every politician in London and Washington. It would not be remiss to send a few copies to the economics schools around the world as well. The small size of the hardcover means it would not even be hard to carry around while reading it.
Butler has succeeded in making the case for free markets in a clear, clean, and precise manner. He neither patronizes nor bores.