Clarice Z. Smith
Deputy Director
Manhattan Institute

Lauren Miklos
Encounter Books

"Mr. Sorman has traveled widely across the globe. He has met many of the world's leaders. He has been an advisor to a previous French Prime Minister. He writes widely in the press in a number of countries. And what he writes has come to carry a lot of weight."

Ezra Suleiman
IBM Professor of International Studies







Order Your Copy today
ISBN: 1594032548

 (Encounter Books, July 2008)

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.


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.


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