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Dear Fellow American,

Over the last century, free-market capitalism and socialism have provided the dominant interpretations, and conflicting visions, of political and economic freedom. In the past few years, we’ve seen a growing trend among young Americans in favor of socialism and against capitalism.

But do they truly understand the history and outcomes of socialism and capitalism?

This is precisely why we put together this brand new eBook, The History Of Socialism And Capitalism, from Hoover Institution senior fellows Niall Ferguson and Victor Davis Hanson.

This eBook consists of two papers—one from each scholar—written in conjunction with The Human Prosperity Project on Socialism and Free-Market Capitalism. This project provides objective and scholarly analyses of free-market capitalism, socialism, and hybrid systems and provides evidence on the effectiveness of the various systems on outcomes that affect prosperity and well-being.

I think you will find this new eBook particularly important and timely, given the recent interest in policies that are radical from a US historical perspective, some of which are advocated by political leaders.

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Thanks,

Greg

Greg Stamps | Online Development

Hoover Institution | Stanford University

With its eminent scholars and world-renowned Library and Archives, the Hoover Institution is a non-partisan, data-driven policy research organization that seeks to improve the human condition by advancing ideas that promote economic prosperity, national security, and democratic governance. Over more than one hundred years, Hoover’s work has directly led to policies that have produced greater freedom, democracy, and opportunity in the United States and around the world.

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