Austerity: When It Works and When It Doesn’t by Alberto Alesina, Carlo Favero, and Francesco Giavazzi Princeton: Princeton University Press, 2019, xvi + 245 pp. Mark Thornton (mthornton@mises.org) is Senior Fellow at the Mises Institute and Book Review Editor at the QJAE. Quarterly Journal of Austrian Economics 22, no. 1 (Spring 2019), for full
The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs John F. Cogan Stanford: Stanford University Press, 2017, 513 pp. Dr. Mark Thornton (mthornton@mises.org) is Senior Fellow at the Mises Institute and Book Review Editor of the Quarterly Journal of Austrian Economics. Quarterly Journal of Austrian Economics 21, no. 4
ABSTRACT: Peter H. Lindert and Jeffrey G. Williamson, in their book Unequal Gains: American Growth and Inequality since 1700 (Princeton University Press, 2016), explore the reasons for the decline in the share of income captured by top earners in industrialized nations. Embedded in their take on the “Greatest Leveling” is a push for progressive
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