FME 2nd ed book description

This is from a form I have just sent to the publisher on how to advertise the second edition of my Free Market Economics.

1. Please describe the book in non-technical layman’s terms (in no more than 150 words). Include brief details of the book’s main objectives and conclusions.

Have you ever wondered why no public sector stimulus has ever worked? You are holding in your hands a book that is unique in our times. It is a text on economic principles based on the economics before Keynesian theory became dominant in macroeconomics and equilibrium analysis became standard in micro. It looks at economics from the perspective of an entrepreneur making decisions in a world where the future is unknown, innovation occurs at virtually every moment, and the future is being created before it can be understood.

Of particular significance, this book assumes Keynesian theory is flawed and policies built around attempting to increase aggregate demand by increasing non-value-adding public spending can never succeed but will only make conditions worse. The theories discussed are the theories that dominated economic discourse prior to the Keynesian Revolution and are thus grounded in the economics of some of the greatest economists who have ever lived.

I might also mention this which is a notice I received this week from the publisher:

I am delighted to be writing to all of our authors, contributors, customers and business partners with the exciting news that Edward Elgar Publishing has won another important industry award.

The Frankfurt Book Fair Academic & Professional Publisher of the Year 2014 award was presented to us by the Independent Publishers Guild at a ceremony on Thursday evening.

The judges commented that Edward Elgar Publishing turned in a very impressive sales growth in 2013, achieved on the back of a prolific publishing programme and successful Elgaronline platform. Judges liked its smart customer profiling and forays into international markets. “Edward Elgar is incredibly professional, responsive and imaginative. It is a great example of how a relatively small publisher can be at least as innovative as those many times its size.”

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