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Review of How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present by Thomas J. DiLorenzo

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Tags U.S. EconomyU.S. History

07/30/2014Laurence M. Vance

 

Volume 8, No. 1 (Spring 2005)

 

The title of the book may initially seem to be an exercise in hyperbole, but such is not the case. How Capitalism Saved America is indeed the untold history of our country. After a brief introduction and two very crucial introductory chapters on the nature of capitalism and the perpetrators of anticapitalismDiLorenzo takes us through nine chapters of American history—from the Pilgrims to the recent California energy “crisis”—and shows “how, from the very beginning, capitalism has been vital to America’s growth, and how excessive government interference in the economy has only exacerbated economic problems and stifled growth.” Although the book is written chronologically, any of these nine chapters can be read independently. However, only one of them is necessary to see that the book’s title is not an overstatement.

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Contact Laurence M. Vance

Laurence M. Vance is an Associated Scholar of the Mises Institute, columnist and policy adviser for the Future of Freedom Foundation, and a columnist, blogger, and book reviewer at LewRockwell.com. He is also the author of Gun Control and the Second AmendmentThe War on Drugs Is a War on Freedom, and War, Empire and the Military: Essays on the Follies of War and U.S. Foreign Policy. His newest books are Free Trade or Protectionism? and The Free Society. Visit his website: www.vancepublications.com.

Cite This Article

Vance, Laurence M. "Review of How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present by Thomas J. DiLorenzo." The Quarterly Journal of Austrian Economics 8, No. 1 (Spring 2005): 81–86.

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