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A World of Wealth: How Capitalism Turns Profits into Progress by Thomas G. Donlan

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Introduction

There are two kinds of economists: Those who think the free market always works, except when the results don’t suit them; and those who think the free market never works, except when the results do suit them.

In my view, the free market always works. Whether the results suit me or you is a matter of taste, and if we don’t like the results, we can change them anytime, just by adding our money to the market. The best thing about economics is the free market, and the best thing about the free market is freedom.

In this book, I am attempting to provide intelligible advocacy and explain economic issues, and I offer some historical background for the topics in each chapter.

I’m throwing out all the charts, graphs, and technical terms, throwing ...

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