Book details

480 Pages
Publication date: May 2018
Imprint: Ecowin
Stephan Schulmeister

The Road to Prosperity

Never before have the people in Europe been doing so well. Economic performance has almost tripled over the past 45 years. But at the same time, unemployment, precarious employment, and poverty have increased, the welfare state is weakened, and millions of people in Europe are suffering hardship and fear. The influential economist Stephan Schulmeister explains how this polarization was able to develop and he makes one thing clear: the markets aren’t fate, unlike the dominant economic theory of the past decades wanted to make us believe.

Neo-liberalism has become a religion. Its disciples, journalists, politicians, but also countless entrepreneurs have adopted this ideology like a gospel. The book The Road to Serfdom by Friedrich A. von Hayek, published in 1945, serves as a catechism. In it, he postulates the theory that freedom and the constitutional state can only thrive in a market economy. With his theories, he has paved the way for a rampant predatory capitalism. Its disciples ignore the fact that it only serves the interests of financial capital. Politics only fights the symptoms of this existential crisis and aggravates it in the process. The result: finding their social status diminished and themselves afraid, many people turn to new tempters. Stephan Schulmeister presents a way out of this one-way street and drafts a »New Deal« for Europe. He thinks about economics in a new way, doesn’t consider »the market« a higher being, presents precise information about economics, and offers practical solutions.

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Author

Stephan Schulmeister

Stephan Schulmeister, born in Vienna in 1947, is a renowned economist and since 1972 he has been researching at the WIFO Economic Research Institute, founded by Friedrich von Hayek in Vienna.

Ecowin wurde 2003 als unabhängiger Verlag gegründet. Wir konzentrieren uns auf spannende Autoren, die zu spannenden Themen und Entwicklungen unserer Welt einen Beitrag leisten. Die Vielfalt der Meinungen sowie der Diskurs unter den Autoren und innerhalb des Verlags sind uns viel wichtiger als das Vertreten nur einer Denkweise. Wir investieren in langfristige Beziehungen mit unseren Autoren, Herstellern und Buchhändlern. Seit April 2013 ist Ecowin eine Marke der Red Bull Media House GmbH.

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