Quarterly Journal of Austrian Economics

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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

  • The Quarterly Journal of Austrian Economics
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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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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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