Format: Print Length
Publisher: TJS Books (May 19, 2012)
Format: PDF / Kindle / ePub
Size: 5.7 MB
Downloadable formats: PDF
geared toward either the clever layman and the pro economist, this ebook is the main complete and intellectually strong rationalization of the character and cost of laissez-faire capitalism that has ever been written. It represents a twofold significant integration of truths formerly found via different writers, mixed with quite a few unique contributions made by way of the writer himself. inside of monetary idea, it integrates top principles of the Austrian tuition with needlessly deserted doctrines of the British classical university. It additional integrates such reconstituted fiscal concept with crucial components of Ayn Rand's philosophy of Objectivism.
On the root of those integrations, Dr. Reisman is ready to increase the various significant unique contributions that the ebook offers at the topics of gains, wages, saving, capital accumulation, combination monetary accounting, monopoly, and ordinary assets, between different important matters. in accordance with an identical beginning, the publication offers the main robust evaluations of Marx, Keynes, the pure-and-perfect pageant doctrine, and environmentalism to be came across anywhere.
A best a part of its trenchant monetary research is a constant demonstration of the usual concord of the rational self-interests of all males below capitalism—of businessmen and salary earners, of shoppers and manufacturers, of guys of all races and nationalities, together with immigrants and the local born, and of rivals of all degrees of ability—consonances so much will locate mind-blowing, given the present misunderstandings of capitalism.
The book's value and attract a common viewers are obvious in its description of winning attitudes towards capitalism and its problem to benefit why they're all thoroughly mistaken and the reason for self-destructive political habit on an enormous scale. For people with the highbrow braveness to just accept a problem of getting a lot of their firmest and such a lot loved ideals decreased by way of unanswerable good judgment to the prestige of Dark-Age superstitions, listed below are the various ideals that Reisman's e-book demolishes: The revenue intent is the reason for hunger wages, arduous hours, sweatshops, and baby exertions; of monopolies, inflation, depressions, wars, imperialism, and racism. Saving is hoarding. festival is the legislations of the jungle. financial inequality is unjust and the valid foundation for sophistication struggle. monetary development is a ravaging of the planet and, within the type of advancements in potency, a explanation for unemployment and depressions. battle and destruction or extra peacetime govt spending are essential to hinder unemployment lower than capitalism. financial task except handbook exertions is parasitical. Businessmen and capitalists are recipients of "unearned source of revenue" and are "exploiters." The inventory and commodity markets are "gambling casinos"; shops and wholesalers are "middlemen," having no functionality yet that of including "markups" to the costs charged via farmers and brands; advertisers are inherently in charge of fraud—the fraud of trying to result in humans to hope the products that capitalism showers on them, yet that they allegedly don't have any normal or valid foundation for wanting.
Reisman's booklet flies within the face of all anticapitalistic principles and calls for. Its thesis is that by no means have such a lot of humans been so ignorant and burdened a couple of topic so vital, as most folk now are approximately economics and capitalism. It argues that during its logically constant kind of laissez-faire capitalism—that is, with the powers of presidency constrained to these of nationwide safeguard and the management of justice—capitalism is a approach of financial growth and prosperity for all, and is a precondition of worldwide peace. Following an exhaustive monetary research of just about each point of capitalism, the book's concluding bankruptcy is dedicated to the presentation of a long-range political-economic software for the success of an absolutely capitalist society.