Marcelo Pesci

The Economics of Conservatism Marcelo Pesci

In the wake of the 2007 financial crisis, people wanted answers. How did this happen? Who is accountable? Will this happen again? True to form, government and the media made certain the public got those answers ? answers that were simple and readily accepted. Sadly, the answers the public were given were not just simple and easy, they were also unquestionably, absolutely wrong. The Economics of Conservatism is a no-holds-barred critique of political economy, penned in response to the inadequacies and hyperbole of the economic analysis being presented to the public, and investors. This direct and urgent plea for a different point of view on economics and politics provides a detailed assessment of what we are doing, why we should stop doing it, and what we should do instead. In the process, the book provides a general overview of economics, with references to the thinking and writings of four of the most influential economists of the modern age: Adam Smith, David Ricardo, Karl Marx, and John Maynard Keynes. With a didactic tone and an unapologetically conservative bent, The Economics of Conservatism guides readers through an analysis of the current state of economic affairs to shed light on another way of looking at these topics, revealing an approach that is no longer part of the mainstream curricula. The Economics of Conservatism starts from the premise that politics and economics are not separate sciences, and that economics ? as we think of the field of study today ? is not so much a science, but a tool of social engineering. Worse yet, the theoretical separation of politics and economics has thoroughly wreaked havoc in the thought process and analysis of those charged with the task of providing objective advice to policy makers. Fortunately, by looking to the spirit and the letter of the words of the great minds of economics and conservative thought, there is clarity and purpose that will allow us to extricate ourselves from our present situation in the hopes that liberty, prosperity, and the rule of law may be preserved and expanded for future generations.