- Paperback: 129 pages
- Publisher: Jameson Books; 1st edition (October 14, 2011)
- Language: English
- ISBN-10: 0898031702
- ISBN-13: 978-0898031706
- Product Dimensions: 8 x 5.1 x 0.4 inches
- Shipping Weight: 0.3 ounces
- Average Customer Review: 4.5 out of 5 stars See all reviews (19 customer reviews)
- Amazon Best Sellers Rank: #189,518 in Books (See Top 100 in Books)
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The Morality of Capitalism: What Your Professors Won't Tell You 1st Edition
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Top Customer Reviews
My immediate reaction to the book is to buy dozens more to hand out to both like minded and opposite minded. I highly recommend this book as well as the organizations
Section 1 - "The Virtues of Entrepreneurial Capitalism" - contains essays celebrating how capitalism creates incentives for people to create value for others. Economic historian Diedre McCloskey writes that we can trace the industrial revolution primarily to an improvement in how society values its entrepreneurs and creative market actors. David Boaz dispels the idea that capitalism is dog-eat-dog competition, but revolves around cooperation between traders. Tom Palmer relays his personal experience frequenting a for-profit and not-for-profit hospital, arguing that the profit motive - far from leading to duplicity and dis ingenuity, leads people to perform more effectively and honestly.
Section II - "Voluntary Interaction and Self-Interest" - contains essays celebrating capitalism's ability to channel people's self-interest into social benefits. (I gain most when I provide products and services that others value, etc.) Chinese economist Mao Yushi writes about the "paradox of morality" - the idea that society functions best and most cohesively when we all a bit self-interested.Read more ›
Introduction:Tom Palmer really gets the collection started on a good note. I was impressed with his knowledge of economics. I just purchased a copy of his "Realizing freedom" and will post a review of that once finished.
Interview with John Mackey: this one's a gem. Mackey has a much more mature ethical framework than Rand et al
Liberty and Dignity explain the modern world: there are many competing explanations of the so called industrial revolution, and this may not be the defining one, but it suffices for the purposes of this collection.
Competition and cooperation: outstanding. A must read for all those who complain about capitalism's competitive nature. Boaz explains that competition and cooperation can coexist.
For-profit medicine and the profit motive: interesting argument, but Palmer's evidence is anecdotal. I'd be interested in reading a more in-depth defense of for-profit medicine, but this one is too short.
The paradox of morality: Yushi eloquently demonstrates that pure altruism is inconsistent. I hasten to add, however, that the same argument can be made for pure egoism. Also this may be a strawman because I'm not aware of anyone (at least today) who argues for COMPLETE altruism. But insightful nonetheless.
The moral logic of equality and inequality in market society: seems a little non-winded, but some of the statistics on inequality are very telling and make up for it.Read more ›
Most Recent Customer Reviews
A powerful and lucid book, where tricky concepts are clearly explained and rationally defended.Published 5 months ago by Timothy Daly
Edited for high school level, but necessary for all ages in order to withstand the badmouthing of capitalism.Published 15 months ago by Don Carlos
Was delivered on time. Product was as described. Very happy with purchase.Published 18 months ago by Edward Wylie
This book should be required reading for students of economics, business, and entrepreneurship. It was an easy read, and I love the real-world perspectives from people like the... Read morePublished 23 months ago by Michael W. Rea
This turns the image of evil capitalism on its head. You'll never learn this in the majority of schools and universities in America. Great interviews.Published 24 months ago by Gary Vincent O'Malley
As a very successful ,now retired financial advisor, I believe in an intelligent ,although ,somewhat complex financial markets..... Read morePublished on September 20, 2013 by Sb Herman
Piles of this booklet appeared in our college. Clearly someone wants to make sure our students become cheerleaders of capitalism. Read morePublished on September 9, 2013 by knull
A wonderful collection of arguments for the only truly fair economic system ever created. I would, and have, recommended this book to people who must deal with vapid liberal... Read morePublished on January 22, 2013 by Troy S. Williams