First Principles Five Keys to Restoring America's Prosperity

Available at Amazon, or W. W. Norton & Company, or wherever books are sold.

Quotes

  A timely antidote to the gloom about the nation’s future that has overtaken too many of our intellectuals. . . . Taylor is the unusual economist who, much like Hayek, has a grasp of history and appreciates the lessons it teaches.
Washington Examiner

  John Taylor has long advanced bold reforms that apply our nation’s timeless principles to the challenges of today. Taylor’s latest contribution to the national debate could not come at a more important moment. ‘First Principles’ is an important guide for policymakers and the citizens we serve, as Americans work together to restore the promise and prosperity of this exceptional nation.
– US Congressman Paul Ryan

  John Taylor argues persuasively for a return to the founding principles of our free society—rule of law, predictable government policies, and free markets—and shows how violation of these principles has derailed American prosperity time and again. This book sends a clear and powerful message to everyone searching for a way out of the malaise gripping the nation.
Gary Becker, University of Chicago, winner of the Nobel Prize in Economics

  A veteran policy maker and exceptional economist, John B. Taylor gives us the guiding ideas we need to get back to prosperity without inflation, and he does so in clear, compelling, and readable prose.
George P. Shultz, former secretary of Treasury, State, and Labor and Budget Director

Awards

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Hayek Prize Lecture John Taylor accepts the Hayek prize for his book First Principles: Five Keys to Restoring America’s Prosperity. (57:48)

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John B. Taylor Awarded 2012 Hayek Prize for his book First Principles: Five Keys to Restoring America’s Prosperity

Reviews
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First Principles: Five Keys to Restoring America's Prosperity by Geoffrey Wood, Central Banking Journal, December 13, 2012

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First Principles: Five Keys to Restoring America’s Prosperity by Jesse S. Hixson, Business Economics (2012) 47, pp. 303-305, November, 2012

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First Principles by Steven K. Beckner, Futures Magazine, August 1, 2012

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5 ways to get America working again by David Harsanyi, Human Events, July 24, 2012

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First Principles, London Book Review, June 27, 2012

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Taylor’s “First Principles” by John Cochrane, The Grumpy Economist, June 14, 2012

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'First Principles' points the way to prosperity by James Piereson, Washington Examiner, May 31, 2012

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Steady As You Go by Guy Sorman, City Journal, January 31, 2012

Recent Editorials and Articles
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Jumpstart the Economy!, Defining Ideas, June 6, 2012

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Rules for America's Road to Recovery, Wall Street Journal, June 1, 2012

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Bernanke Can’t Blame His Sins on Milton Friedman: Amity Shlaes, Bloomberg, February 29, 2012

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Economics for the Long Run, Wall Street Journal, January 25, 2012

Recommended Reading Lists

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First Principles by John B. Taylor, W. W. Norton & Company, January 23, 2012

Videos of TV Interviews

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The 5 Principles to Restoring the U.S. Economy Fox Business, August 22, 2013 (5:56)

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John Taylor discusses First Principles: Five Keys to Restoring America's Prosperity C-SPAN's, BookTV, July 22, 2013 (19:19)

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The Power of the Markets on CNBC's, Squawk Box, April 9, 2012 (3:55)

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Taylor discusses five keys to restoring America's prosperity on, Reason TV, April 3, 2012 (5:32)

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Bernanke's Testimony & the Economy, Squawk Box, March 1, 2012 (8:47)

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First Principles: Five Keys to Restoring America's Prosperity, Heritage Foundation, February 24, 2012 (37:20)

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Economics for the Long Run, Wall Street Journal TV, January 24, 2012 (8:27)

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Restoring Prosperity: Trust Markets, Not Bailouts, The Street, January 24, 2012 (3:13)

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The 5 Steps to Fixing the Economy, Fox Business' Willis Report, January 20, 2012 (4:24)

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Taylor on Fed Policy, US Economy, Bloomberg's Surveillance Midday Jaunary 20, 2012 (12:51)

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Carnegie's Meltzer on Fed Policy, Taylor Rule, Bloomberg's Surveillance Midday with Allan Meltzer January 20, 2012 (7:22)

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Principles to Restore the Economy, CNBC's Squawk Box January 20, 2012 (9:58)

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Market Anticipates FOMC, CNBC's Squawk Box, segment on monetary policy with Steve Liesman January 20, 2012 (6:55)

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“Economic Principles for Growth”, CNBC's Squawk Box January 20, 2012 (1:30)

Podcasts of Interviews

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Taylor discusses his book First Principles: Five Keys to Restoring America’s Prosperity, on the John Batchelor Show, June 26, 2012

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Taylor discusses his book First Principles: Five Keys to Restoring America’s Prosperity, on PodBean.com, June 18, 2012

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Taylor: Fixing the weak US economy requires more long-term policy, Marketplace, June 5, 2012

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John Taylor discussed his 2012 Hayek Prize on the nationally syndicated John Batchelor Show (co-hosted by CNBC’s Larry Kudlow), May 15, 2012

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Taylor on Rules, Discretion, and First Principles, EconTalk, April 30, 2012

 

 

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John Batchelor Show debate at the Hoover Institution, April 28-29, 2012
Keynes and Hayek, with attention to Milton Friedman's conversation on Keynes and Hayek. Nicholas Wapshott, John Taylor, Michael Boskin,and Russ Roberts. (Three segments broadcast on April 28 and 29, 2012) on the John Batchelor Show
Segment 1
Segment 2
Segment 3

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Taylor on the John Batchelor Show, John Batchelor Show, April 3, 2012

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Taylor on the Larry Kudlow Show, Larry Kudlow Show, March 3, 2012

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John Taylor On Returning Economy to Prosperity, The Foundry, February 27, 2012

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Rebecca Costa's Interview with John B. Taylor, The Costa Report, February 17, 2012 (51:20)

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Five Keys to Restoring America's Prosperity, KQED's Forum, February 16, 2012 (52:00)

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John Taylor on Payne Nation, Payne Nation, January 25, 2012 (8:27)

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John Taylor on the Tom O'Brien Show, Tom O'Brien Show, January 25, 2012 (starts around 1:21:00)

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John Taylor on Payne Nation, Payne Nation, January 25, 2012 (8:27)

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Stanford's Taylor Discusses New Book First Principles, Bloomberg, January 24, 2012 (29:31)

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Stanford's Taylor Says Economic Crisis Not Over, Bloomberg's Surveillance , January 20, 2012 (13:50)

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John Taylor's interview concerning First Principles: starts at minute 19:27 on the, John Batchelor Show, January 17, 2012

Blogs and Media References

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Taylor discusses the economic recovery, Stanford Daily, February 14, 2012

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First Principles, by John Taylor, The CERF Blog, February 13, 2012

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A Plan to Restore American Prosperity, Financial Review of Books, February 8, 2012

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Taylor Tells Policy Makers to Abandon Temporary Fixes, Bloomberg Businessweek, February 6, 2012

Speaking Events

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John Taylor discusses his recent book First Principles: Five Keys to Restoring America's Prosperity on C-SPAN's BookTV.

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First Principles: Five Keys to Restoring America's Prosperity On February 24 at the Heritage Foundation, John Taylor discussed his recent book First Principles, which outlines a straightforward plan to rebuild America’s economic future.

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 About the Book

Leading economist John B. Taylor's straightforward plan to rebuild America's economic future by returning to its founding principles.

America's economic future is uncertain. Mired in a long crippling economic slump and hamstrung by bitter partisan debate over the growing debt and the role of government, the nation faces substantial challenges, exacerbated by a dearth of vision and common sense among its leaders. Prominent Stanford economist John B. Taylor brings his steady voice of reason to the discussion with a natural solution: start with the country's founding principles of economic and political freedom-limited government, rule of law, strong incentives, reliance on markets, a predictable policy framework-and reconstruct its economic foundation from these proven principles.

Channeling his high-level experience as both a policymaker and researcher, Taylor then zeroes in on current policy issues-the budget, monetary policy, government regulation, tax reform-and lays out in simple terms bold strategies designed to place the country on sound footing in each of these areas.

John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He has served as the director of the Stanford Institute for Economic Policy Research and was founding director of Stanford's Introductory Economics Center.

 

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