With a compelling style of teaching and writing, life-long economist and educator David F. Rankin, Ph.D., CFA, and his daughter Beth Anne Rankin Baker, Ed.D., take readers on an exciting journey displaying the powerful connection between freedom and economic policy. Driven by a sense of urgency to articulate the critical relationship between freedom and free markets, Dr. Rankin packs the time-honored precepts of capitalism in a fast-paced, enlightening, and enjoyable narrative that leaves readers with a greater understanding and appreciation for their role in carrying the torch for democracy and economic freedom.
The authors present a powerful case that the United States has been a beacon of hope around the globe for 250 years, and that it will continue to shine the light of liberty as long as citizens remain faithful to the freedom principles outlined in the Constitution. To many, America is an idea. That idea stands for freedom, and it is a magnet that draws people from all across the world. To preserve that freedom, it must first be understood, and the role of economic policy in supporting and nurturing that freedom must be understood. Freedom produces prosperity and provides hope. As freedom champion and Nobel prize-winning economist Milton Friedman believed, freedom is the essential element that must be preserved, protected and defended.
The Economics of Freedom highlights the role of capitalism in economic freedom. Misunderstood by many, even by some of its supporters, capitalism is common sense - not rocket science. However, it seems that common sense is rocket science for those who lack a basic understanding of the role that free markets and capitalism play in creating prosperity, abundance, and tremendous generosity throughout the world. Capitalism and freedom are inseparable. This is the economics of freedom. In an understandable and inspirational style, the authors tackle these topics and remind us that the freedom to choose is essential for Life, Liberty, and the pursuit of happiness.
About the Authors
DAVID F. RANKIN, PH.D., CFA is president emeritus at Southern Arkansas University. An economics and finance professor at SAU for many years, he's taught thousands of students. He holds a B.S.B.A. in management from the University of Arkansas, an MBA in finance from Louisiana Tech University, and a Ph.D. in finance from the University of Mississippi. He also holds the Chartered Financial Analyst designation. He has served as economic adviser to four Arkansas governors and has been the chairman of the Governor's Council of Economic Advisors for the past twenty-seven years.
BETH ANNE RANKIN BAKER, ED.D. is a consultant and former policy adviser for Gov. Mike Huckabee. A Ouachita Baptist University graduate, she obtained an MPA from SAU and a doctorate in education from Vanderbilt University. She coordinated the Governor's Summit on Economic Development, worked as executive director of the Arkansas 529 College Savings Plans, and has served on the Arkansas State Board of Education.
