In this collection of thoughtful, hard-hitting essays, Walter E. Williams once again takes on the left wing's most sacred cows with provocative insights, brutal candor, and an uncompromising reverence for personal liberty and the principles laid out in our Declaration of Independence and Constitution.

Economists used to believe that economic growth arose from sudden, dramatic breakthroughs—the steam engine in the eighteenth century, the transistor in our own. Yet according to Hoover fellow Paul M. Romer, “this account gets things exactly backward.” The founder of New Growth Theory explains himself.

The recent wave of mergers has stifled competition—or so conventional wisdom would suggest. Hoover media fellow Peter Brimelow argues that the mergers may have fueled economic growth instead.

Beijing is attempting to establish economic freedom while stifling political freedom. Can it have the one without the other? Hoover fellow Arnold Beichman has his doubts.