First Principles: Five Keys to Restoring America’s Prosperity

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By John B. Taylor ’68

Published Jan. 21, 2016

(W.W. Norton & Co.) This book presents a straightforward plan to rebuild America’s economic future by returning to its founding principles of economic and political freedom, as manifest in limited government, rule of law, strong incentives, reliance on markets, and a predictable policy framework. It also zeros in on current policy issues. Taylor is the Raymond Professor of Economics at Stanford University, and was Treasury Under Secretary for International Affairs from 2001 to 2005.

Paw in print

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PAW's July/August 2025 issue cover, featuring a photo of people dressed in orange and black, marching in the P-rade, and the headline: Reunions, Back in Orange & Black.
The Latest Issue

July 2025

On the cover: Wilton Virgo ’00 and his classmates celebrate during the P-rade.