‎"‎Thomas Donlan‎'‎s defense of free market capitalism is especially timely today given all the pressures to regulate and stifle it‎.‎ The anti‎-globalization movement wants more trade protectionism and less immigration‎.‎ The global credit crisis is putting pressure on governments to bail out irresponsible lenders and borrowers at taxpayers‎'‎ expense‎.‎ Instead‎,‎ Donlan convincingly and clearly explains why we would all prosper more by doing all we can to make markets freer‎.‎‎"‎ ‎-‎-Ed Yardeni‎,‎ President‎,‎ Yardeni Research‎,‎ Inc‎.‎ ‎"‎Thomas Donlan reminds us all that capitalism is not simply one choice among different and equally valid economic systems‎,‎ but instead that hard work and the accumulation of wealth is the natural tendency of successful people and healthy societies around the world‎.‎‎"‎ ‎-‎-Christopher Whalen‎,‎ Managing Director‎,‎ Institutional Risk Analytics ‎"‎It has been several decades since Joseph Schumpeter observed that the philosophical defense of a free‎-market economy must never cease‎.‎ Thomas Donlan has taken up that challenge‎,‎ but this clear‎-eyed book is much more than a defense‎.‎ It is a magnificently constructed explanation of how the world works and why free‎-market capitalism continues to offer the greatest hope for solving our greatest challenges‎.‎‎"‎ ‎-‎-Carl J‎.‎ Schramm‎,‎ Ph‎.‎D‎.‎‎,‎ President‎,‎ Kauffman Foundation ‎"‎The author brings to the table a healthy skepticism of the conventional wisdom‎,‎ an admirable ability to separate fact from fancy‎,‎ and an undisguised repugnance for the mumbo‎-jumbo that‎'‎s the curse of so much commentary on anything to do with economics or investment‎.‎ A World of Wealth is not only a lively read‎,‎ but an exceptionally enlightening and rewarding one to boot‎.‎‎"‎ ‎-‎-Alan Abelson‎,‎ Barron‎'‎s Columnist ‎"‎With the facts of a primer laid out in the fast‎-paced narrative of a storyteller‎,‎ Thomas Donlan‎'‎s A World of Wealth lucidly explains today‎'‎s marketplace‎.‎ From the credit crisis to immigration and from oil prices to global warming‎,‎ the book guides the reader through the economic issues of our day‎-‎-jargon‎-free‎.‎ It‎'‎s a fast‎,‎ fun read that illuminates while it entertains‎.‎‎"‎ ‎-‎-Thomas W‎.‎ Hazlett‎,‎ Professor of Law & Economics‎,‎ George Mason University ‎"‎An indispensable‎-‎-and highly readable‎-‎-primer on how the economic world really works‎,‎ whether politicians of both left and right want it to work that way or not‎.‎ If it were required reading for all political reporters‎,‎ they might do a lot more reporting and carry a lot less water in the process‎.‎‎"‎ ‎-‎-John Steele Gordon‎,‎ Author of Empire of Wealth‎:‎ The Epic History of American Economic Power Acknowledgments xii About the Author xiii Introduction xv Chapter 1‎:‎ The Capitalist Answer to the ‎"‎Energy Crisis‎"‎‎:‎ Pay Higher Prices 1 Chapter 2‎:‎ The Capitalist Approach to Environmental Pollution and Global Warming‎:‎ Breathe Easy 23 Chapter 3‎:‎ A Capitalist Prescription for Trade‎:‎ Free Exchange Enriches Both Sides of Every Deal 43 Chapter 4‎:‎ Capitalist Immigration Policy‎:‎ Tear Down the Walls 65 Chapter 5‎:‎ The Essential Elements of Capitalism‎:‎ Investment and Invention 81 Chapter 6‎:‎ The Capitalist Take on Taxes‎:‎ Keep Taxes Low and Equal 93 Chapter 7‎:‎ The Capitalist Struggle against Low Finance‎:‎ Price Controls and Regulation Endanger the Free Market 113 Chapter 8‎:‎ A Capitalist Diagnosis for the High Cost of Health Care‎:‎ Pay What It‎'‎s Worth 131 Chapter 9‎:‎ The Capitalist Approach to Retirement Security‎:‎ It‎'‎s an Individual‎'‎s Duty First 149 Chapter 10‎:‎ A Capitalist Look at the Current Economy 169 Chapter 11‎:‎ The Capitalist Quest for Productivity 185 Reading Further 201 Index 205