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Economics Does Not Lie A Defense of the Free Market in a Time of Crisis

By Guy Sorman
Encounter Books 2009 ISBN: 9781594032547

About the Book

In an economic crisis, it would be fatal to forget everything we know about economics. Though cyclical downturns do occur in the free market—they are due to uncontrolled innovation—this is a defect in the system, not a failure of it. To abandon the free market because it is imperfect would be a dangerous overreaction. After all, state intervention is imperfect, as is human nature itself.

During the current crisis, it's crucial to recall the unprecedented benefits that free markets have brought to global economies. Since the public sector gave ground to market capitalism, beginning in the early 80s, the results have been breathtaking. The opening of economic borders and the promotion of free trade in Europe after 1990 contributed to the reconstruction of Eastern Europe and lifted 800 million people out of poverty across the globe.

In Economics Does Not Lie, Guy Sorman shows that behind this unprecedented growth is not only the collapse of state socialism but also a scientific revolution in economics, as yet dimly understood by the public but increasingly embraced by policymakers around the globe. He reminds us that bad economic policies ravaged entire nations during the twentieth century, producing more victims than any epidemic did. Any attempt to return to those obsolete policies would bring chaos and poverty. The way out of the current crisis is to restore trust in the free-market society and the policies that have provided economic recovery over the last thirty years.

About the Author

Guy Sorman has authored over twenty books on international and contemporary affairs, including The New Wealth of Nations (Hoover Press, 1987), The Genius of India (MacMillan, New Delhi, 2000), The Conservative Revolution in America (Regnery, Chicago, 1984), and The Empire of Lies: The Truth About China in the Twenty-First Century (Encounter, 2008). A leading French intellectual, Sorman champions free markets and democracy. He is a contributing editor of City Journal and writes frequently for Le Figaro and The Wall Street Journal. Sorman taught economics at the Paris Institute of Political Sciences from 1970 to 2000.


C-SPAN Book TV, 7-09-09


The Small Business Advocate with Jim Blasingame, 8-04-09

KCEO's Politics of Money, 7-24-09

Premiere Radio Network's Live on Sunday Nights, It's Bill Cunningham, 7-19-09

WNDB's The Marc Bernier Show, 6-22-09


Is Cap-And-Trade Just Political Posturing? If Not, It Could Mean Economic Suicide, Guy Sorman, Investor's Business Daily, July 15, 2009

Don't throw deregulation overboard, Guy Sorman, Washington Examiner, July 01, 2009


Guy Sorman and Professor Jagdish Bhagwadi, from the School of International and Public Affairs at Columbia University discuss free market economics and Mr. Sorman's new book, "Economics Does Not Lie".

Guy Sorman and Paul Romer, Senior Fellow at Stanford University Center for International Development and the Stanford Institute for Economic Policy

Guy Sorman and Dr. Rama Cont, associate professor at Columbia University's IEOR Department, discuss the role free market principles play in the current economic crisis.

Guy Sorman and Dr. Alberto Alesina, professor of political economics at Harvard University, discuss the current economic crisis.

Guy Sorman discuss the currect economic crisis with economic professor and Nobel Laureate Gary Becker.


Lies, Damned Lies, and Economics, Stephen Spruiell, National Review Online, July 14, 2009