Friend,

Did capitalism cause the Great Depression?

Are monopolies an inevitable result of free markets?

Is economic growth incompatible with environmental stewardship?

These questions have shaped public debate for generations. In Nine Myths About Capitalism, Herbert J. Walberg and Joseph L. Bast examine nine of the most common criticisms of free enterprise, challenging conventional assumptions with history, economic research, and real-world examples.

From inequality and corporate profits to globalization, labor unions, and civil rights, the authors explore how many widely accepted beliefs about capitalism became popular and whether the evidence actually supports them. Whether you agree with every conclusion or not, you'll come away with a deeper understanding of one of the defining economic systems of the modern world.

At Hoover, we believe serious scholarship should challenge assumptions, encourage thoughtful debate, and equip readers to think more critically about the issues shaping America's future. Nine Myths About Capitalism continues that tradition by examining some of the most enduring economic debates through careful research rather than conventional wisdom.

If you haven't had a chance to read it yet, now is the perfect time to add it to your library.

Hoover's work is made possible by supporters who believe ideas matter. If you'd like to help us continue publishing scholarship that informs public policy and advances freedom and opportunity, please consider making a gift today.

Thank you,

The Hoover Institution