Economics Does Not Lie

Guy Sorman talked about his book Economics Does Not Lie: A Defense of the Free Market in a Time of Crisis (Encounter Books; July 20, 2009). He talked about the new availability of data and the scientific revolution in economics that have changed matters of opinion to matters of fact and allow the development of good economic policies. Mr. Sorman argued that to get rid of the free market because it is imperfect would be a dangerous overreaction to recent events. Rebuilding trust in the market is where energy should be placed, because the benefits of free market capitalism, with the public sector in the wings, have far outweighed even the worst of cyclical downturns. Mr. Sorman argued that free market capitalism has lifted almost a billion people across the globe out of poverty. He responded to questions from members of the audience.

Mr. Sorman was an economics advisor to the Prime Minister of France from 1995 to 1997. He taught economics at the Paris Institute of Political Sciences close