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Free PDF Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong, by Neil Monnery

Free PDF Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong, by Neil Monnery

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Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong, by Neil Monnery

Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong, by Neil Monnery


Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong, by Neil Monnery


Free PDF Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong, by Neil Monnery

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Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong, by Neil Monnery

Review

There are figures in history who deserve to be far better known and Sir John Cowperthwaite is one of those. Neil Monnery's account of the way he shaped Hong Kong into a dynamic and successful economy now far more prosperous than its colonial ruler, Britain, is all the more fascinating in the light of the current debate about what drives economic development. Policy makers today can learn a lot from the focus and the willingness to ignore the conventional wisdom of the time demonstrated by Cowperthwaite and his colleagues. - Diane Coyle, professor of economics at the University of Manchester and author of The Economics of Enough (2011) and GDP: A Brief but Affectionate History (2014)Not before time we now have a fascinating book on one of those who helped create Hong Kong's thriving economy. Cowperthwaite was a believer in free market economics well before this idea became popular again. Hong Kong should be grateful to him. - Lord Patten of Barnes, last governor of Hong Kong and author of East and West (1999) and First Confession: A Sort of Memoir (2017)To this day, people have little idea of Sir John's achievements, which deserve a wider audience. This book fills a glaring void. I hope it will have the wide readership that it most certainly deserves. - Yeung Wai-hong, Honorary Publisher of Next Magazine, Hong Kong I have just read a fascinating new book called Architect of Prosperity by Neil Monnery. It's about the role of Sir John Cowperthwaite, Financial Secretary of Hong Kong from 1961 to 1971 in setting the colony on the road to prosperity. It is an astonishing story… Its success derived from brilliant economic policymaking that involved reliance on market forces and minimising the role of the state... You might think that, given the economic record, Britain's economic establishment, including the serried ranks of mandarins and their political masters, might feel that they have a good deal to learn. They have. They should read Monnery's book.- Roger Bootle, The Daily TelegraphAnyone seeking to understand the true nature of inequality must read Neil Monnery's excellent book. In Hong Kong Sir John Cowperthwaite created a society of great wealth inequality but of great freedom and opportunity. Refugees fled to Hong Kong from the imposed equality of the People's Republic of China in pursuit of the greater equality of opportunity in the British Colony. This book raises fundamental questions about the nature of the equality we seek to pursue.- Russell Napier - market historian and author of Anatomy of the Bear (2016)Hong Kong went from being a barren rock with no resources to becoming a dynamic economy with living standards higher than many European countries. A key role in this remarkable story was played by Sir John Cowperthwaite as Financial Secretary. He believed that expenditure should be determined by revenues, not the other way round, that private enterprise should decide where investment should be allocated, tax rates should be low to attract capital and create surplus profits to be re-invested to create compounding growth. He was against deficits because he viewed the taxpayer of tomorrow just as worthy as the taxpayer of today. The results were spectacular and made Hong Kong into the economic miracle it is today. This book charts his wonderful, inspiring and remarkable story and his philosophy is brilliantly expressed. The wonder is that other Governments in Europe don't follow this example.- Lord Lamont of Lerwick, former Chancellor of the Exchequer, author of In Office (1999)

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About the Author

Neil Monnery studied at Oxford University and Harvard Business School. He worked for twenty years at The Boston Consulting Group as a Director and Senior Vice President and for ten years as Strategy Director of W.H. Smith. He is now active in business, investing and research. He is the author of Safe As Houses? A Historical Analysis of Property Prices (LPP 2011).

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Product details

Hardcover: 320 pages

Publisher: London Publishing Partnership; 1 edition (August 8, 2017)

Language: English

ISBN-10: 1907994696

ISBN-13: 978-1907994692

Product Dimensions:

6.3 x 1.4 x 9.5 inches

Shipping Weight: 1.7 pounds (View shipping rates and policies)

Average Customer Review:

4.7 out of 5 stars

5 customer reviews

Amazon Best Sellers Rank:

#290,300 in Books (See Top 100 in Books)

Purchased this book based upon The Economist's recommendation. It is well written and comprehensively covers Sir John Cowperthwaite's time in Hong Kong. Though I knew some of the colony's history, it was interesting to read about the various fiscal, monetary, and other crises that challenged and ultimately strengthened the colony. The author frequently teased comparisons of how HK handled these matters vs. how they were handled in Britain, Singapore, and other colonies. The book could have done with more of this analysis and perhaps less quoting of Sir John, the latter of which became repetitive and often covered the same concepts. I also found the ending to be a disappointing and almost slapdash close to an otherwise good book.

A great story of how Hong Kong became great!

This book is way overdue. At long last we have a lengthy, thoughtful and thorough account of the life and policies of Sir John Cowperthwaite. Neil Monnery is to be heartily congratulated on filling this void with an intelligent, clear, nuanced and well written book mercifully free of libertarian propaganda or leftist ranting, though Mr. Monnery understandably admires and likes his subject. This book doesn't merely regurgitate the familiar anecdotes and the handful of statistics usually trotted out to illustrate Hong Kong's astounding success. It is a substantive discussion of the real policy issues faced by Cowperthwaite and the Hong Kong government beginning with postwar reconstruction until his retirement in the seventies. If you know Hong Kong and have an economist's perspective, this book is for you. I read it avidly from cover to cover. The observations and self deprecating humour of Cowperthwaite leaven the text. This book will become one of the authoritative books on this period of Hong Kong economic history.

This is a good book!

This book should be on the desk of every politician and macro-economist. As clear an explanation of how to run an economy for growth and why growth will draw people out of poverty, as you will find. Undoubtedly Hong Kong was in the right place at the right time, but it weathered server set backs and came out on top because of the prudence of Sir John Cowperthwaite. Get a copy. Read the first half fast and linger over the second half. I read "Architect of Prosperity" as a follow up to "The History of Hong Kong". The latter is rather dry. So it was a joy to delve into Monnery's clear text, Cowperthwaite's sense of humor and Hong Kong's incredible rise from the ruins of Japanese occupation to one of the most prosperous states on earth.

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