The Public Interest

Reality in One Lesson

Alan Reynolds

Fall 1978

THE marvelous audacity of the title The Way the World Works* will attract some, repel others. Amazingly, it is appropriate. This actually is an attempt to explain political and economic events throughout the ancient and modern world in terms of a manageable number of general principles. Even more remarkable, this heroic effort is frequently successful-illuminating many of the mysteries of history, from the decline of Rome to the stock market crash of 1929 and today’s global stagflation.

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