<P>Most economists believe capitalism is a compromise with selfish human nature. As Adam Smith put it, "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest." Capitalism works better than socialism, according to this thinking, only because we are not kind and generous enough to make socialism work. If we were saints, we would be socialists.</P><P>In <I>Why Not Capitalism</I>?, Jason Brennan attacks this widely held belief, arguing that capitalism would remain the best system even if we were morally perfect. Even in an ideal world, private property and free markets would be the best way to promote mutual cooperation, social justice, harmony, and prosperity. Socialists seek to capture the moral high ground by showing that ideal socialism is morally superior to realistic capitalism. But, Brennan responds, ideal capitalism is superior to ideal socialism, and so capitalism beats socialism at ever
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<P>Finger-wagging moralizers say the love of money is the root of all evil. They assume that making a lot of money requires exploiting others, and that the best way to wash off the resulting stain is to give a lot of it away.</P><P>In...
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<P>Most economists believe capitalism is a compromise with selfish human nature. As Adam Smith put it, "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest."...
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Building on the success of the first edition , the new edition of of <i>Consumer Behaviour</i> has been fully revised and updated to be even more student friendly. <p>Through the author teams seven decades of teaching and researching...
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<p><b>A practical and pithy guide to investing to help everyday investors achieve their long-term goals</b></p><p>The 21st century has been beset with three financial market shocks in its first 20 years, the bursting of the...
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