Return to Order is a very timely and valuable publication. The author Mr. Horvat does an excellent job in excavating the underlying root of the recurrent economic crises. It is the loss of the golden mean of virtuousness, the consequence of replacing prudence, justice, fortitude and temperance as the guiding principles of economic activity with the principle of income maximization.
As a result of having abandoned the ethical anchor modern man fluctuates restless between the extremes, the business cycle being but the most prominent example of ‘frenetic intemperance.’ Anyone who considers the ongoing public debate as superficial—most reform proposals indeed merely want to cure the symptoms, yet do not address the underlying causes—should study Mr. Horvat’s Return to Order
I hope this book reaches a large reading public and will have an impact on public policy, theoretical debates and personal decisions alike.
- Gregor Hochreiter Director,
Institute of Applied Economics
and Western Christian Philosophy (Vienna, Austria)
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