The Moral Consequences of Economic Growth

In this book, Benjamin M. Friedman examines the political and social histories of large Western democracies, particularly the United States since the Civil War, to demonstrate that rising incomes lead to more open and democratic societies.

He argues that economic growth, rather than just a high standard of living, is crucial for political and social liberalization.

Friedman also highlights that economic stagnation puts democratic values at risk, even in wealthy nations.

The book includes concrete policy suggestions for pursuing growth and promoting worldwide economic expansion, emphasizing the moral consequences of economic decisions and their impact on human happiness and societal well-being.