"This is an extraordinary, evidenced-based exposé of the market's innovative power to creatively destroy market failures, including those engineered and entrenched by both 'regulators' and 'reformists.' This is surely the most important government policy book yet written." (Laurence Kotlikoff, William Warren Fairfield Professor of Economics, Boston University) "A timely book particularly ideal for those who think that smart people can devise policies to solve society's problems. Instead, as Winston documents, the evidence shows that such policy interventions often make matters worse. The book emphasizes the limitations of government intervention and the underappreciated ability of markets to adapt and correct what would be classified as market failures. It is must reading for all economists and policy makers." (Dennis W. Carlton, David McDaniel Keller Professor of Economics, Emeritus, Booth School of Business, University of Chicago) "There is a paucity of good books about market economics these days.

Cliff Winston has produced a fine one and cemented his reputation as one of America's best policy economists." (Tyler Cowen, Chairman, Mercatus Center and Holbert L. Harris Chair of Economics, George Mason University; cocreator of Marginal Revolution; and author of "Big Business") "This is an extraordinary, evidenced-based exposé of the market's innovative power to creatively destroy market failures, including those engineered and entrenched by both 'regulators' and 'reformists.' This is surely the most important government policy book yet written." (Laurence Kotlikoff, William Warren Fairfield Professor of Economics, Boston University) "Clifford Winston presents a bold and compelling study for why market corrections often succeed where government interventions fail. With clear analysis and strong empirical backing, this book challenges conventional economic thinking and provides a fresh perspective on how economies self-correct. A must-read for anyone interested in economic policy and governance." (Magdalena Mosionek-Schweda, Associate Professor, Faculty of Economics and Sociology, University of Lodz) "Today, many policymakers and pundits across the political spectrum see aggressive government intervention as the default approach to economic policy.

In this book, Clifford Winston critically assesses that view, drawing on economic theory, case studies, and statistical analyses to make a compelling case for greater reliance on market forces. This thought-provoking book merits serious attention from students, scholars, policymakers, and informed citizens alike." (Harvey S. Rosen, John L. Weinberg Professor of Economics and Business Policy Emeritus, Princeton University).