2018 School Spending Survey Report
The Icarus Curse: How Western Democracies Derailed and How To Get Back on Track
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Van Overtveldt’s (chair, Budget Committee of the European Parliament; The Mystic Hand: How Central Banks Shaped the 21st Century Global Economy) book views the histories and the present-day status of Western democracies through an economic lens. He asserts that such civilizations are at a crossroads, and he argues that it’s due to circumstances brought on by both external forces and internal factors. Via an economist’s framework, the book examines how some Western democracies have lost their strength and shows how they can reset themselves socially, economically, fiscally, and politically by looking to the past, present, and future for answers. Van Overtveldt asserts that three formidable economists in particular—Adam Smith, John Maynard Keynes, and Paul Volcker—provide blueprints for practical and adaptable solutions for the way forward.
VERDICT Nuanced, yet filled with accessible arguments backed by considerable research, data, and personal experience, this highly recommended and insightful title is well worth readers’ time. It calls for democracies to make the choices that will yield positive results for its citizens.
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