The Inclusive Economy: How to Bring Wealth to America’s Poor, published by the libertarian Cato Institute, “energetically challenges the conventional wisdom of both the right and the left that underlies much of the contemporary debate over poverty and welfare policy.”
Capitalism; The Future of an Illusion argues that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by political and economic elites who are convinced that they are powerless to change this system.
“Free markets are usually our best bet for solving problems – but not in every situation. To create a new generation of antibiotics we need urgent patent reform. Why governments should pay Big Pharma for drugs we’d rather not use.”
“A whirlwind tour through science fiction, social theory and the new technologies already shaping our lives, Four Futures is a balance sheet of the socialisms we may reach if a resurgent Left is successful, and the barbarisms we may be consigned to if those movements fail.”
“As with the concept of the just price, the idea of the just wage combines the subjectivity of the diverse needs and preferences of individuals with the objective demands of justice. The teaching of the Catholic Church on the just wage avoids both the Scylla of economism and the Charybdis of moralism.”
“Beware simple solutions to complicated problems. Treating Google and Amazon as public utilities is an extremely high-risk tactic. There are plenty of ways to make tech more dynamic without poorly thought out regulation.”
“Even though anarchy and capitalism seem like they’re diametrically opposed, there are some out there who call themselves anarcho-capitalists. A more extreme version of libertarianism, anarcho-capitalism argues that there ought to be no state whatsoever; the free market can sort everything out, and if left alone, will ensure everybody’s liberty. The philosophy attracts considerable criticism, both from anarchists, who argue that capitalism is inherently exploitative, and from people with more traditional politics, who argue that the lack of regulation would send an anarcho-capitalist society right down the toilet.”
The Power of Capitalism is an exploration of capitalism and its power to create growth and prosperity all over the world by German historian, author, management consultant and real estate expert Rainer Zitelmann.
See more books defending the free market, or books criticizing the free market on our bookshelf.
The Enlightened Capitalists analyzes the complicated history of business people who tried to marry the pursuit of profits with virtuous organizational practices.
Over the past hundred years, there have been more than two dozen attempts to build a socialist society, from the Soviet Union to Maoist China to Venezuela. All of them have ended in varying degrees of failure. But, according to socialism’s adherents, that is only because none of these experiments were “real socialism”. Socialism: The Failed Idea that Never Dies documents the history of this, by now, standard response.
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