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Where Have All the Capitalists Gone?: Essays in Moral Political Economy by [Richard Salsman]

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Richard M. Salsman

Where Have All the Capitalists Gone?: Essays in Moral Political Economy Kindle Edition

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“Persistent animosity toward capitalism today rests on moral, not practical grounds. Unless rational self-interest is understood as the one moral code consistent with genuine humanity, and the moral estimate of capitalism thus improves, socialism will keep making comebacks, despite its deep and dark record of human misery.” ~Richard Salsman

Where Have All the Capitalists Gone? is a compelling case for the many virtues of capitalism. Though long derided, Salsman convincingly shows that capitalism is not only the most productive social system but also the most moral and the most just.

AIER Senior Fellow Richard M. Salsman is president of InterMarket Forecasting, Inc., an assistant professor of political economy at Duke University, and a Senior Scholar at the Atlas Society. Previously he was an economist at Wainwright Economics, Inc. and a banker at the Bank of New York and Citibank. Dr. Salsman has authored the books Gold and Liberty (1995), The Collapse of Deposit Insurance and the Case for Abolition (1993) and Breaking the Banks: Central Banking Problems and Free Banking Solutions (1990), all published by AIER, and, most recently, The Political Economy of Public Debt: Three Centuries of Theory and Evidence (2017), published by Edward Elgar Publishing. For more, visit www.richardsalsman.com.

Dr. Salsman earned a B.A. in economics from Bowdoin College (1981), an M.A. in economics from New York University (1988), and Ph.D. in political economy from Duke University (2012).</p

The American Institute for Economic Research in Great Barrington, Massachusetts, was founded in 1933 as the first independent voice for sound economics in the United States. Today it publishes ongoing research, hosts educational programs, publishes books, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the highly respected Sound Money Project. The American Institute for Economic Research is a 501c3 public charity.

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July 29, 2021
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Product details

ASIN ‏ : ‎ B09BK4L3ZH
Publisher ‏ : ‎ American Institute for Economic Research (July 29, 2021)
Publication date ‏ : ‎ July 29, 2021
Language ‏ : ‎ English
File size ‏ : ‎ 19787 KB
Simultaneous device usage ‏ : ‎ Unlimited
Text-to-Speech ‏ : ‎ Enabled
Screen Reader ‏ : ‎ Supported
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Enabled
Sticky notes ‏ : ‎ On Kindle Scribe
Print length ‏ : ‎ 523 pages
Page numbers source ISBN ‏ : ‎ 1630692085

Best Sellers Rank: #1,325,316 in Kindle Store (See Top 100 in Kindle Store)
- #789 in Business Ethics (Kindle Store)
- #1,223 in Economic Conditions (Kindle Store)
- #1,952 in Political Economy

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5.0 14 ratings

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Richard M. Salsman

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President, InterMarket Forecasting, Inc. Assistant Professor, Duke. Contributing Editor, Objective Standard. B.A., economics (Bowdoin). M.A., economics (NYU). Ph.D., political economy (Duke).

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M. Shupe

A Refreshing Survey of the Essentials!

Reviewed in the United States 🇺🇸 on April 12, 2022

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The subtitle for Dr. Richard Salsman’s most recent book, Where Have All the Capitalists Gone, describes it as Essays in Moral Political Economy, and this is precisely what you get. Of the 75 essays to which his readers will be treated, the first 7 establish a solid foundation of scientifically derived moral principles.

However, this is not the morality of self-sacrifice to which all Americans are accustomed. It is the morality of individual rights protected by objective law, or as Dr. Salman explains in his introduction: “Capitalism is the only legitimate habitat for humanity.” Accordingly, and unlike today’s central planners, he considers every one of us capable of rational thinking, productive action, and voluntary trade.

While this is a great collection that can be read in pieces, readers will quickly see that capitalism is not limited to money and markets. Dr. Salsman very ably explains its nature as the essential social network. For many, Where Have All the Capitalists Gone will become Where Have I Been?

3 people found this helpful

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Theodore Hicks

Bite size economics lessons

Reviewed in the United States 🇺🇸 on April 12, 2022

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Salsman's book is a compilation of his essays over the years, which is perfect as it offers bite sized economic lessons to the everyday man. While I consider myself an armchair economist, most people are not. However, they arguably should be. Everyone needs to understand economics and why it matters to them; how it impacts them. Salsman's book does a great job of filling that need.

One person found this helpful

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Jim

Honest Assessment of what is going on

Reviewed in the United States 🇺🇸 on August 28, 2021

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Good read with factual references from the author who worked in the real world of Wall Street before rising to earn his PhD passing on his knowledge at Duke, in a non bias manner.
A must read for all who think...not following the sheep!

2 people found this helpful

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Nik

Phenomenal!

Reviewed in the United States 🇺🇸 on August 27, 2021

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Great book by a great writer! Very insightful thoughts about the philosophical and political origins of the declining advocacy of markets in contemporary dialogue!

2 people found this helpful

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Jackie

Great Book

Reviewed in the United States 🇺🇸 on August 10, 2021

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What a masterpiece by Richard Salsman. Great reading material from end to end.

2 people found this helpful

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Edward W. Younkins

A superb integration of the fields of philosophy, politics, and economics.

Reviewed in the United States 🇺🇸 on April 19, 2022

Salsman’s essays integrate the disciplines of philosophy, politics, and economics. These three fields of study encompass the core concepts and essential principles that shape society. These areas are closely and inextricably linked because of their focus on human reason and on the organization of human interaction.

The transdisciplinary approach taken by Salsman in his book (and in Duke’s PPE program) runs counter to and challenges deeply entrenched tendencies toward separation, specialization, professionalization, and autonomous development of the human disciplines of political science, economics, philosophy, law, sociology, and history. The kind of approach that crosses a number of disciplines is critical in today’s multi-faceted world—a world that is dominated by the fragmentation of knowledge. There are common roots and natural affinities among philosophy, politics, and economics. These disciplines provide the intellectual foundation for exploring social problems and for policy analysis and development. By taking this approach, people can understand that capitalism is a rational doctrine based on a clear understanding of man and society in which morality, economics, and politics (all parts of one inseparable truth) are found to be in harmony with one another

One person found this helpful

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Pete from across the River

Solid explanation of the truth about Capitalism

Reviewed in the United States 🇺🇸 on June 12, 2022

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Capitalism is often misunderstood and denigrated for situations and economic conditions that are caused by poor policies imposed by government based on non-capitalistic ideas. For example, the "Great Recession" (2008-9) was a result of government policies that forced lenders to act in ways that were not justified by capitalistic principles, but rather "social" policy, where being a (home) "Ownership Society" was a valued over other important societal values. Thus "sub-prime" loans were required (by government policy) to be funded by financial institutions. This worked so long as housing prices continued to increase -- until nearly everyone was priced out of the market ... then housing prices dropped, turning "good" mortgage loans into "bad" loans --- and causing "sub-prime" borrowers to lose everything they had. This was bad government policy, but (of course) politicians blamed lenders and investors for the financial mayhem caused by bad government policies. Many other examples are covered.

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