Unintended Consequences

Unintended Consequences

Why Everything You’ve Been Told About the Economy Is Wrong

Additional Formats
  • Paperback
  • ISBN 9781591846307
  • 320 Pages
  • Portfolio
  • 18 and up


Was our country’s economic success before the Crash of ‘08 built on false pretenses? Did we simply borrow and spend too much, or was something else really going on?

The conventional wisdom now accuses Wall Street and the mortgage industry of using predatory tactics to seduce homeowners. Meanwhile, average Americans are blamed for increasing consumption to unsustainable levels by borrowing recklessly. And the tax policies of the Reagan and Bush administrations are blamed for encouraging reckless risk-taking.

Edward Conard disagrees. In an attempt to set the record straight he presents a fascinating new case for how the economy really works, why the U.S. has outperformed other countries, what caused the financial crisis, and what improvements might better protect our economy without damaging growth.


 “The most cogent and persuasive analysis of the financial crisis to date.”

—Andrei Shleifer, Harvard

“A full-throated defense of economic dynamism…refreshing at a time when so many take the failure of capitalism for granted.”

The Wall Street Journal

“Deep and well-argued analyses on almost every issue.”

The New York Times

“Should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.”

The New Republic

“The economics class you ought to have had.”

The Washington Times

“Reveals the author’s intelligence and skill at elucidating economics.”

Bloomberg Businessweek

“Deserves the attention of policymakers in Washington.”

Publishers Weekly

“An amazing number of good ideas and interesting points…very impressive.”

—Steven Levitt, Univ. of Chicago, coauthor of Freakonomics