Capitalism: The Unknown Ideal by Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen
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Book Reviews of Capitalism: The Unknown Ideal
Book Review: Why Capitalism and Freedom Go Hand-In-Hand
Summary: 5 Stars
A great compilation of essays on why Capitalism is the only economic system that truly allows people to be free to innovate and prosper as they choose. One of the best essays in this book was written by Alan Greenspan in 1966 where he reveals why the "welfare statists'" wanted to throw America off of the gold standard. He explains on page 107 that it is a "shabby secret" of repeatedly giving the American people "deficit spending as a hidden scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Thus, money can be printed out of thin air to accomplish their intentions.
One must wonder who corrupted Mr. Greenspan between 1966 and 1987 (when he became Federal Reserve Chairman).
Book Review: Is morality a factor in economics?
Summary: 5 Stars
Capitalism, which is not to be confused with the 'mixed-economy' that has existed in this country, is the only MORAL system of politics/economics. If you want to understand the philosophical basis for Capitalism, and why it is the ONLY moral system compatible with man's life as man, then I highly recommend buying a copy of: Capitalism - The Unknown Ideal by Ayn Rand. If we are to defeat the enemies of freedom it is crucial to understand the flaws in their policies and be able to explain the reasons to those who may be searching for the truth but require a logical and well reasoned explanation. Those with power lust who would rule the world know that it is the concept of Capitalism that must be destroyed. Observe the current government takeover of multiple industries combined with the denunciation of Capitalism. This book should be required reading in high school.Book Review: Excellent Introduction to Economics
Summary: 5 Stars
Along with "Economics in One Lesson" by Henry Hazlitt, this is the best introduction I know to the topic of Capitalism and economics. With all the baloney out there, this book will give you the essential moral perspective and help guide you in fighting the anti-Capitalism fallacies we are all bombarded with on a daily basis, in America and around the world. The Appendix with "Man's Rights" is essential reading for everyone. Ayn Rand clarifies the basis for rights and why only the system of laissez faire Capitalism respects the rights of the individual, by taking the initiation of force out of human relationships. I have only read portions of George Reisman's lengthier book "Capitalism: A Treatise on Economics" which was influenced by Ayn Rand's thinking, but what I read added further insight and solid evidence of the rightness of Capitalism for human life.Book Review: Capitalism Justified
Summary: 5 Stars
If you want an economic analysis of Capitalism in the concrete, and why it is the best means of nuturing production and prosperity this book isn't for you. I will refer you to von Mises and others of the Austrian School for that. What is in Rand's work is a study of the morality, philosophy, and justification for Capitalism. This work even includes 3 essays by Alan Greenspan, apparantly before he became a parasitic bureacrat for the ill-concieved Fed (morally and economically). The book is split between Defining and chronicling Capitalism's roots and meaning, and between observations of the perversion and destruction of Capitalism circa mid '60's. If you like Rand You will like this. If you like Capitalism but want moral justification for it you need this. If you don't like either don't waste your money and don't post mock reviews.Book Review: The Moral Defense of Capitalism
Summary: 5 Stars
While it's hardly arguable that capitalism is an economic system capable of generating immense wealth, not many people have tried defending capitalism from a moral viewpoint. That is exactly why they have not succeeded in showing that capitalism actually is the only system that protects the rights of man as well as allowing him to rise as high as he wishes and his abilities allow him.And then there is "Capitalism: The Unknown Ideal" - a collection of essays on many different subjects, all defending capitalism not only because it's a wealth-generating system, but first and foremost because it is moral. There are even a few essays written by Alan Greenspan before he - seemingly - rejected his ideals and became head of the Federal Reserve.
A great book, and a constant source of inspiration.