title: Economics in a Changed Universe: Joseph E. Stiglitz, Globalization, and the Death of 'Free Enterprise'
author:  Gerald L. Houseman 
description: This is an important book. Anyone who notices a significant disconnect between the overblown rhetoric of big business and government and the reality that we facelike skyrocketing gasoline prices, the loss of middle class America, and increasing burdens on the poorshould read this book. Gerald Houseman clearly and concisely makes the case that Joseph Stiglitz is an important and prescient economist who champions the economics of information and exposed the term "Free Enterprise" as the fraud that justifies the great inequalities that exist in the world. If George Orwell's classic, <i>1984</i>, troubled you, this book is for you. Houseman discusses the disturbing, Orwellian reality before us and leaves us asking ourselves: Will the great fraud of big business prevail or will truth and justice triumph? (James Headley, Eastern Washington University)<br /><br />Houseman breaks new ground, showing us that Nobel Prize-winner Joseph E. Stiglitz's ideas reach beyond economics. Using Stiglitz's insights, he explains why privatization and deregulation have failed and why free trade has impoverished developing nations. Lucky are we to have Houseman as our guide, as he leads us to the conclusion that the same asymmetry of information that makes markets fail also undermines democracy. Since Reagan, successive U.S. administrations have distorted the truth or kept it hidden from the public. Houseman reminds us that democracy cannot survive on spin. (Keith Quincy, Eastern Washington University)<br /><br />Explores the work of Joseph E. Stiglitz and how he and his colleagues heave helped create a breakthrough in economic theory and the study of globalization. (<i>Journal of Economic Literature, June 2009</i>)<br /><br />Professor Joseph Stiglitz is well-respected in the world's less-developed nations, where we know him to be a friend. His insights and contributions need to be well-publicized because he has indeed revolutionized economics and our understanding of it. And Gerald Houseman has done us a great service not only by explaining the work of Stiglitz but by showing us its implications for the world. (Notrida G. B. Mandica, director, Indonesian Research and Development Institute, Jakarta, Indonesia)
zlib_text: PRAISE FOR POPULAR ECONOMICS
  
  
  “Popular Economics is an essential twenty-first century complement to Henry
  Hazlitt’s Economics In One Lesson. In a book that is happily free of charts
  and incomprehensible equations, John Tamny uses exciting stories from the
  world around us to show the reader that nothing is easier than economic
  growth. Popular Economics is the answer for those confused by the ‘dismal
  science.’”
  
  
  —Arthur Laffer
  
  
  “John Tamny offers a wide-ranging analysis of some of the most pressing issues
  facing the American economy today, from income inequality and job creation to
  budget deficits and tax reform. Through engaging examples and stories, he
  provides a thought-provoking argument in favor of a free-market approach to
  economic growth. Whether you agree with him or not, there is no question that
  his perspective needs to be part of the discussion on American economic policy
  in the new millennium.”
  
  
  —Enrico Moretti, professor of economics, Cal-Berkeley, and author of The New
  