The Politically Incorrect Guide To The Great Depression And The New Deal
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It is among the most famous of the great defenses of victimless crimes and controversial economic practices, from profiteering and gouging to bribery and blackmail. However, beneath the surface, this book is also an outstanding work of microeconomic theory that explains the workings of economic forces in everyday events and affairs.
Murray Rothbard explains why:
"Defending the Undefendable performs the service of highlighting, the fullest and starkest terms, the essential nature of the productive services performed by all people in the free market. By taking the most extreme examples and showing how the Smithian principles work even in these cases, the book does far more to demonstrate the workability and morality of the free market than a dozen sober tomes on more respectable industries and activities. By testing and proving the extreme cases, he all the more illustrates and vindicates the theory."
F.A. Hayek agreed, writing the author as follows: "Looking through Defending the Undefendable made me feel that I was once more exposed to the shock therapy by which, more than fifty years ago, the late Ludwig von Mises converted me to a consistent free market position. … Some may find it too strong a medicine, but it will still do them good even if they hate it. A real understanding of economics demands that one disabuses oneself of many dear prejudices and illusions. Popular fallacies in economic frequently express themselves in unfounded prejudices against other occupations, and showing the falsity of these stereotypes you are doing a real services, although you will not make yourself more popular with the majority."
Herewith the unchallenged epic of our era. A towering masterpiece of world literature, the searing record of four decades of terror and oppression, distilled into one abridged volume (authorized by the author).
Drawing on his own experiences before, during and after his eleven years of incarceration and exile, on evidence provided by more than 200 fellow prisoners, and on Soviet archives, Solzhenitsyn reveals with torrential narrative and dramatic power the entire apparatus of Soviet repression, the state within the state that once ruled all-powerfully with its creation by Lenin in 1918. Through truly Shakespearean portraits of its victims-this man, that woman, that child-we encounter the secret police operations, the labor camps and prisons, the uprooting or extermination of whole populations, the “welcome” that awaited Russian soldiers who had been German prisoners of war. Yet we also witness astounding moral courage, the incorruptibility with which the occasional individual or a few scattered groups, all defenseless, endured brutality and degradation. And Solzhenitsyn’s genius has transmuted this grisly indictment into a literary miracle.
First published by the University of Chicago Press on September 18, 1944, The Road to Serfdom garnered immediate, widespread attention. The first printing of 2,000 copies was exhausted instantly, and within six months more than 30,000 books were sold. In April 1945,Reader’s Digest published a condensed version of the book, and soon thereafter the Book-of-the-Month Club distributed this edition to more than 600,000 readers. A perennial best seller, the book has sold 400,000 copies in the United States alone and has been translated into more than twenty languages, along the way becoming one of the most important and influential books of the century.
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