The Commanding Heights,
by Daniel Yergin and Joseph Stanislaw. Like Milton and
Rose Friedman’s best-selling book, Free to Choose, this powerful
book has been made into a PBS television series. As you might expect,
Yergin and Stanislaw’s book, with over 400 pages of captivating detail
on the post-World War II battle for economic supremacy (waged between
socialist and market economies throughout the world) contains more
information than the TV series. On the other hand, the well done
television adaptation allows viewers to listen to the viewpoints and
observations of many of the battle’s major participants in their own
words. The list of people interviewed, both for the book and the PBS
series, is very impressive—including Vicente Fox, Milton Friedman,
Valery Giscard d’Estaing, Lawrence Lindsey, Robert Rubin, James
Schlesinger, Helmut Schmidt, George Schultz, Lawrence Summers, Margaret
Thatcher, and numerous others. The title of the book comes from Lenin,
who suggested during the 1930s that in order for communism to be
effective, it needn’t control every aspect of an economy—as long as it
controlled the “commanding heights” of strategic and vital industries.
In a very compelling manner, this fascinating and well-researched book
chronicles the worldwide battle for the economic commanding heights that
was waged until the collapse of the Soviet Union. |

ISBN:
068483569X
Format: Paperback, 512pp
Pub. Date: April 2002
Publisher: Simon & Schuster Adult Publishing Group
“A stunning and eminently readable account of
how the market has captured the commanding heights of economic thinking.
Transforming economic analysis into a compelling narrative, the authors
give us a comprehensive picture of an unfolding and dramatic story.
It is as engrossing as it is instructive.”
George Schultz |