Jude Wanniski's masterpiece defined the policies at the heart of the Reagan economic boom that continues today and promises a coming century of global peace and prosperity. Writing with a simplicity and liveliness uncommon to his subject, Wanniski offers a fresh general theory of the world's political evolution that explains how and why economies fail and succeed, now and as far as we can imagine. The Way the World Works -- the first treatise to successfully explain the Crash of 1929 and how it led to the Great Depression and World War II -- was also alone 20 years ago in forecasting the imminent collapse of communism. As a new thesis of the mechanisms that move history, Wanniski's book ranks with the most important that have in themselves fueled political action -- Adam Smith's Wealth of Nations, Karl Marx's Das Kapital, and John Maynard Keynes's General Theory. - Back cover.