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1 1 (2005)

handle is hein.amenin/aeiaasm0001 and id is 1 raw text is: Ever since he went to Washington as a student, to watch Senate hearings on the travails of the American automobile industry, Paul London has suspected that competition is the great unappreciated truth of the American economy. Now, decades later, in this lively and provocative book, he demon- strates how competition has been the great source for the innovation, job creation, and national wealth that has made the American economy so generally successful over the last two decades. And he argues that keeping to this principle, irrespective of partisanship and politics, ought not to be a secret but rather a guiding commitment to help ensure a bountiful American economy in the years ahead. -DANELYERGIN, author of The Commanding Heights: The Battle for the World Economy and The Prize: The Epic Quest for Oil, Money, and Power Paul London has done a masterful job of explaining the prosperity of the 1990s, which exceeded our expectations. His is an entirely different perspective which defies conventional wisdom, takes much of the complexity out of international competition, and should be a must read for anyone interested in business. -DAVID GIASS, former CEO of Wal-Mart and chair of its executive committee Paul London demonstrates that competitive markets are the vital ingredient in our nation's economic success. Tempting though they might be, protectionism, excessive regulation, and national 'champions' will only undermine our ability to maintain that preeminence in an increasingly competitive global economy. Policymakers should read this book lest they forget a lesson that has served us well and will continue to do so. -JOEL I. KLEIN, former assistant attorney general for antitrust In this surprising book, Paul London tells the story of how, over the past thirty-five years, politicians in both political parties have taken steps to strengthen competition and stimulate the economy. As a result, our nation is stronger, and private industry is better able to meet the challenges of the global economy. -GEORGE MITCHELL, former Senate majority leader BUSINESS/ECONOMICS $25.00 ISBN 084474204-X M I 52500 American Enterprise Institute for Public Policy Research 1150 Seventeenth Street, N.W. Washington, D.C. 20036 9 780844 742045

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