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''Economics Does Not Lie: A Defense of the Free Market in a Time of Crisis'' (''L'Économie ne ment pas''; published in French in 2008) is a non-fiction book by French classical liberal economist and philosopher Guy Sorman. Sorman argues that while the recent world economic recession involved serious problems, it would be a grievous mistake to use the crisis as justification to abandon free market democratic capitalism. Sorman writes that the current system has resulted in huge benefits with about a billion people worldwide lifted out of poverty. Encounter Books published the English-language version of the book on July 20, 2009. Sorman had previously authored over twenty other books on international social-economic issues such as ''The New Wealth of Nations'' (1987), ''The Genius of India'' (2000), and ''The Empire of Lies'' (2008) as well as written for ''City Journal'', ''Le Figaro'', and the ''Wall Street Journal''. He also taught economics at the Paris Institute of Political Sciences from 1970 to 2000.〔(【引用サイトリンク】title=Defense of Free Market )〕 He based this book on a French language article that ''City Journal'' published (translated into English by Ralph C. Hancock) in its Summer 2008 issue. ==Contents== Sorman provides an overview of economics as a social science based on empirical hypothesis-testing and factual observations. He details research such as work by Edward Prescott of taxation on economic growth, by Jagdish Bhagwati on the benefits of international trade, by Milton Friedman and Robert Lucas on the effects of inflation, and by Avner Greif on the value of strong social institutions. He writes about economic progress in the developing world, particularly the nations of India, China, and Brazil, which he credits to reforms such as opening borders to allow greater foreign direct investment.〔 Sorman refers back to the recent world financial crisis and economic recession, and he argues: He writes that the response of U.S. and European governments to the financial crisis, by saving some banks and not others, created an aura of regulatory uncertainty that made things worse. He describes a potential free market solution of simply shuffling severely affected banks through organized bankruptcies to write off toxic debts. Although praising U.S. and European efforts to avoid protectionism post-crisis, he asserts that his recommended approach "could have brought a more severe recession, but a shorter one, followed by a quicker rebound."〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Economics Does Not Lie」の詳細全文を読む スポンサード リンク
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