The Price of Prosperity

Why Rich Nations Fail and How to Renew Them

Todd G. Buchholz

Book

“Nations are just as likely to unravel after periods of prosperity as after periods of depression.”

So argues acclaimed economist, hedge fund manager, and presidential adviser Todd G. Buchholz in this timely, bold book. Part history and part manifesto, The Price of Prosperity exposes the economic, political, and cultural cracks that wealthy nations face, and makes the case for transforming those same vulnerabilities into sources of strength—and the foundation for a national renewal.

To understand how great powers unravel, Buchholz identifies five potent and paradoxical forces that undermine nations after they achieve economic success. These include falling birthrates, globalized trade, rising debt loads, an eroding work ethic, and waning patriotism.

Is the loss of empire inevitable? No. Can a community spirit be restored in the United States and in Europe? The answer is a resounding yes. The Price of Prosperity presents inspiring stories of historical leaders who overcame national disarray, from Kemal Atatürk to Japan’s Meiji revolutionaries to Golda Meir. It is not too late to overcome the challenges we face now and to come together once again to protect the nation and to ensure our future.

Author

Todd G. Buchholz

Todd G. Buchholz is a former White House director of economic policy, managing director of the legendary Tiger hedge fund, and winner of Harvard’s annual teaching prize in economics. He is the author of New Ideas from Dead Economists and New Ideas from Dead CEOs, and has written for the New York Times, the Wall Street Journal, Time, and Forbes. He regularly appears on PBS, NPR, Fox, and CNBC, and is a co-producer of the Broadway hit Jersey Boys. Buchholz has served as a fellow at Cambridge University and is the inventor of the Math Arrow Matrix. He lives in Southern California.