Offers the most plausible way to renovate our political and policy thinking to meet the challenges of the twenty-first century.–Joe Klein, Time

America is at a crossroads. The global economic downturn that began in 2008 has laid bare the structural weakness of our economy, putting the country through its most severe test since the Great Depression. Yet our political and business leaders have failed to prepare us because they are in the grip of a set of dead ideas about how a modern economy should work. Even the proponents of change in the Obama administration remain tentative in pushing the boundaries of the conventional wisdom.

But as Matt Miller shows in this provocative and influential analysis, the American economy will turn the corner only if we move beyond these outdated ways of thinking and recognize the ascendance of a new set of destined ideas that will reinvigorate our economy, our politics, and our day-to-day lives. And in a new preface, Miller shows how today’s financial crisis has finally stripped these dead ideas of their power, offering hope for a durable recovery.