The book has been translated into 12 languages. It also received the Eccles Prize for best book on an economic subject for a general audience. Of Dr. Daniel Yergin , Joseph Stanislaw. The Commanding Heights is about the most powerful political and economic force in the world today -- the epic struggle between government and the marketplace that has, over the last twenty years, turned the world upside down and dramatically transformed our lives.
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Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? The most powerful force in the world economy today is the redefinition of the relationship between state and marketplace - a process that goes by the name of privatization though this term is inadequate to express its far-reaching changes. We are moving from an era in which governments sought to seize and control the 'commanding heights' of the economy to an era in which the idea of free markets is capturing the commanding heights of world economic thinking.
Basic views of how society ought to be organized are undergoing rapid change, trillions of dollars are changing hands and so is fundamental political power. Great new wealth is being created - as are huge opportunities and huge risks. Read more Read less. Frequently bought together. Add all three to Cart. These items are shipped from and sold by different sellers. Show details. Ships from and sold by Amazon SG. Customers who viewed this item also viewed. Page 1 of 1 Start over Page 1 of 1.
Previous page. The Selfish Gene: 40th Anniversary edition. Meditations of Marcus Aurelius. Next page. Review Adam Smith Author of "Paper Money" With great clarity and intelligence, the authors have written one of the central stories of our time. We have a torrent of information -- discordant, cacophonous, dissonant -- from TV, PCs, and print. The great accomplishment of "The Commanding Heights" is to make sense of this confusing scene. Gary Becker Winner of the Nobel Prize for Economics, An absorbing, well-written narrative of the victory of market forces over communism and socialism.
The authors effectively and dramatically show how ideas and events combined to produce the most important economic revolution of the second half of this century. George P. Shultz Former U. Secretary of State and Former U. Secretary of the Treasury A stunning and eminently readable account of how the market has captured the commanding heights of economic thinking. Transforming economic analysis into a compelling narrative, the authors give us a comprehensive picture of an unfolding and dramatic story.
It is as engrossing as it is instructive. It is stimulating, topical, and very well written. The depth of the analysis and the geographic breadth are overwhelming. It is a resounding achievement -- and essential reading for anyone engaged in international business. Lawrence Summers There has been a revolution in economic thought every bit as profound in its implications as any other scientific revolution.
It's a compelling guide to the 21st century economy. Whether enthralled by the prospects of ever-expanding free markets or anxious about the social fallout of market excesses, readers will benefit from the book's compelling economic histories of key world regions showing how they are coping with change on the cusp of a new century.
Valery Giscard D'Estaing Former President of France The crowning achievement of "The Commanding Heights" is that it illuminates today's profound changes through the great sweep of history. This book will be invaluable for readers in every part of the world -- decision makers and general readers alike -- for its ideas will be instrumental in helping the global community prepare for the twenty-first century.
Daniel Yergin is a writer of international renown and president of Cambridge Energy Research Associates, a leading firm on political risk and economic analysis. He is consulted by ministers, politicians, CEOs and investors around the world. Joseph Stanislaw is a leading international economic advisor and commentator on markets and politics. Customers who bought this item also bought. Theories of International Politics and Zombies. A Brief History of Neoliberalism.
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This is a wonderful history of Economics in the modern world I also have the DVD collection. I have bought three copies as gifts. My Economics professor told me to buy them and he is probably one of the best professors I have ever had.
It enlightens one as to Keynesian v. Austrian school economics Keynes v. If you want to understand the world development in the 20th Century from an economic point of view rather than a political point of view, then you also will love this book. Both the book DVD are excellent. It is one thing to have lived through global change, it is another thing to understand the interconnections and long-term effects. The focus in several countries is a centrally planned or market-driven economy.
Chile, Argentina, Bolivia, China and the United Kingdom are examined in detail for their success and failure. The Soviet Union - Russia, tried to retain dictatorial control and continues to have problems.
The "Chicago School of Economics" celebrates its wisdom, models and planning in country after country. However, in every country and economics system, the sustainable natural resource base is overlooked.
Keynes may be the "father" of market economics, but Keynes is a short-term perspective. We are approaching Peak Oil and Peak Water and 6. The USA standard of living is based on cheap oil and cheap water and we are entering the "Crude Awakening. Commanding heights are about to come tumbling down in country after country as human population exceeds carrying capacity and countries compete for resources and food. The authors did an excellent job, but need to follow-up in light of resource, water and food limits.
This is a great history. Very informative , insightful, and well written. A great discussion of the twentieth century and how e got o where we are now.
Very important history and information The lessons about equality, importance of caring for our environment, and confidence have a strong message in A must-read if you are curious about why socialism doesn't work as well as capitalism, even though no system is perfect.
Having read The Prize I was disappointed in the story telling but that could be because I come from an oil producing country and oil is central to our lives. The Commanding Heights does not have such an exciting cast of characters as the oil business did: Churchill, Gulbenkian, Rockefeller, Detering, and Lydia Pavlova to name a few.
That said, the book is an educational review of the changing political economy of the world, a change away from command and control toward free markets.
Although the authors clearly favor free markets which have created much more wealth and well being for a huge portion of the population than command and control ever did, they manage to remain objective about the dangers that markets pose. This objectivity is most clearly shown in the last chapter where they talk about the critical tests required to judge the results that markets bring. Not all markets are created equal. For example, the supposed deregulation of the California energy market was a fiasco because that market was badly designed.
My country was mostly bypassed by the move to a market economy. Reading the book I felt as if I were living in an alternate universe. In the early s the local telco was privatized and that was about the end of it for us. When the president tried to raise the price of gas at the pump, he was impeached on trumped up charges. His own party turned against him. As a result, we have moved backwards from an economy based on import substitution to a quasi dictatorship with price controls and the destruction of private enterprise.
These are the dangers of trying to move to market economies without first preparing the population for the inevitable pain that comes with the change. Unfortunately, The Commanding Heights does not cover the failures, only the success stories.
Talking about failures, Russia is fast moving back to autocratic management of the economy mostly by Putin's KGB cronies, another failure where markets are not being given a chance.
To sum up, the book is worth reading but it is no thriller, be prepared to work you way through it. Go to Amazon.
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The Commanding Heights
Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? The most powerful force in the world economy today is the redefinition of the relationship between state and marketplace - a process that goes by the name of privatization though this term is inadequate to express its far-reaching changes. We are moving from an era in which governments sought to seize and control the 'commanding heights' of the economy to an era in which the idea of free markets is capturing the commanding heights of world economic thinking. Basic views of how society ought to be organized are undergoing rapid change, trillions of dollars are changing hands and so is fundamental political power. Great new wealth is being created - as are huge opportunities and huge risks.
The Commanding Heights: The Battle for the World Economy
Daniel Yergin, Joseph Stanislaw. Lenin made his antepenultimate public appearance to defend his desperate readmission of private trade and agriculture in , declaring that the state would, after all, retain control of what he christened the "commanding heights. They do this by giving not just a global gazetteer of twentieth-century politics and economics but also an equally insightful guide to the ideas and individuals behind this shift. With the failures of capitalism in the s and s, and the initial successes of governments east and west, both in the New Deal and in Soviet central planning, and in the war, government seemed, after that war, the unequivocal solution to problems such as the unemployment the market had earlier permitted. Countries around the globe adopted a variety of government-managed approaches to running their economies, from the Soviet extreme and its many imitations to strategic nationalization as in Britain and government-business-labor corporatism in Germany down to government regulation in the United States.
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