Cowboy Capitalism: European Myths, American Reality
by By Gersemann, Olaf
Category: Political Science , Political Economy

Although American economic growth is better than many European countries, Europeans believe Americans suffer from greater wealth inequality and other social problems because of their style of economy. Not so, argues Gersemann (Washington correspondent for Wirtschaftswoche, a German economic weekly), not only is American growth, employment, and productivity better than the Europeans, but on issues of economic justice and security the United States does not compare unfavorably with Europe. He seeks to debunk European "prejudices about and stereotypes of the American economy" and presents statistics to back up his case. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)