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FREE Libertarian E-Book: The Morality of Capitalism

in Economic Liberty, Liberator Online Archives by James Harris Comments are off

(From the Intellectual Ammunition section in Volume 19, No. 4 of the Liberator Online. Subscribe here!)

In recent issues we’ve reviewed and recommended two outstanding free e-books available through Students For Liberty (SFL): After the Welfare State and Why Liberty.

Now we’re pleased to suggest one more great SFL title to add to your ebook library.

The Morality of Capitalism: What Your Professors Won’t Tell You combines the writings of renowned economists, philosophers, historians, policy experts, and entrepreneurs from around the world to make the case that not only do free markets “deliver the goods,” but that true free market capitalism is a just and moral system.

It is clear and highly readable, suitable for students and non-students alike, for newcomers to free enterprise and libertarianism as well as longtime libertarians.

As SFL notes:

“As students for liberty, we are well-versed in defending the free market. Our opponents on campus constantly claim that markets are unfair, that capitalism is exploitative, that competition is inhumane, and that government control and redistribution are the solution to society’s problems. Every day we struggle to explain that a free society that embraces free exchange is the only way to create wealth, peace, and prosperity for all.

“Most people acknowledge, if only begrudgingly, that capitalism does produce considerable wealth and material well-being. But many feel torn between material prosperity on the one hand and living a moral life on the other. The self-interested pursuit of profit that is characteristic of a capitalistic system just doesn’t feel right to them.

“The task before us, then — if we wish to actualize the truly free social system that is laissez-faire capitalism — is to provide and defend its moral justification. We must convince fellow students that capitalism is not just the most efficient system, but a virtuous one as well.”

The Morality of Capitalism: What Your Professors Won’t Tell You makes that case, powerfully and convincingly.

Students For Liberty has distributed over 100,000 copies to students around the world since it was first made available.

You can learn more about The Morality of Capitalism: What Your Professors Won’t Tell here.

Download it as a FREE PDF ebook here.

Here’s the table of contents: 

Introduction: The Morality of Capitalism by Tom G. Palmer
The History of a Word
Free-Market Capitalism vs. Crony Capitalism

Section I: The Virtues of Entrepreneurial Capitalism

  • Interview with an Entrepreneur featuring John Mackey (Whole Foods CEO)
  • Liberty and Dignity Explain the Modern World by Deirdre N. McCloskey
  • Competition and Cooperation by David Boaz
  • For-Profit Medicine and the Compassion Motive by Tom G. Palmer

Section II: Voluntary Interaction and Self-Interest

  • The Paradox of Morality by Mao Yushi (Translated by Jude Blanchette)
  • The Moral Logic of Equality and Inequality in Market Society by Leonid V. Nikonov
  • Adam Smith and the Myth of Greed by Tom G. Palmer
  • Ayn Rand and Capitalism: The Moral Revolution by David Kelley

Section III: The Production and Distribution of Wealth

  • The Market Economy and the Distribution of Wealth by Ludwig Lachmann
  • Political and Economic Freedoms Together Spawn Humanity’s Miracles by Temba A. Nolutshungu

Section IV: Globalizing Capitalism

  • Global Capitalism and Justice by June Arunga
  • Human Betterment through Globalization by Vernon Smith
  • The Culture of Liberty by Mario Vargas Llosa
  • A Little Further Reading for Fun and Profit (and Better School Papers) by Tom G. Palmer

The Morality of Capitalism: What Your Professors Won’t Tell You is published by SFL and the Atlas Network. We highly recommend it.

Student groups note: SFL offers a limited number of hard copies at no cost to student groups. You can learn more about that here.

They Said It

in Communicating Liberty, Liberator Online Archives by James Harris Comments are off

(From the They Said It section in Volume 19, No. 3 of the Liberator Online. Subscribe here!)

LIBERTARIANS, REPEAT AFTER ME: “Libertarians, repeat after me. The goal is Jeffrey Tuckerhuman liberty. The dream is human liberty. The ideal is human liberty. The end is human liberty. Therefore the subject is human liberty. And what does liberty encompass? All things wonderful, productive, beautiful, creative, magnificent. It’s because you believe in these things that you are a libertarian. Anything that distracts from human liberty, much less contradicts that, is irrelevant to the libertarian message. Don’t get distracted. Please. Civilization needs your voice, your passion, your love.” — libertarian writer and entrepreneur Jeffrey Tucker, Facebook, October 12, 2013.

Justice Antonin ScaliaJUDGE SCALIA: MASS ROUND-UPS, IMPRISONMENT COULD HAPPEN (AGAIN): “Well, of course, Korematsu [1944 US Supreme Court decision upholding mass incarceration of Americans of Japanese ancestry during World War II] was wrong. And I think we have repudiated in a later case. But you are kidding yourself if you think the same thing will not happen again. ‘Silent enim leges inter arma.’ [In times of war, the laws fall silent.] That’s what was going on — the panic about the war and the invasion of the Pacific and whatnot. That’s what happens. It was wrong, but I would not be surprised to see it happen again, in time of war. It’s no justification but it is the reality.” — U.S. Supreme Court Justice Antonin Scalia speaking to law students at the University of Hawaii law school, Feb. 3, 2014.

THE WAR ON DRUGS VS PHILIP SEYMOUR HOFFMAN: “Our drug policy ofEugene Robinson prohibition and interdiction makes it difficult and dangerous for people like Hoffman to get high, but not impossible — and it makes these tragic overdose deaths more common than they have to be. The obvious problem is that when an addict buys drugs on the street, he or she has no way of knowing how pure the product is and what else it might contain. …As long as this commerce is illegal, it is totally unregulated. Since we know that addicts will continue to buy drugs on the street, we also know that some will die from drugs that are either too potent or adulterated with other substances that could make them lethal. Is this really the intent of our drug policy? To invite users to kill themselves?” — syndicated columnist Eugene Robinson, “Philip Seymour Hoffman’s death shows that we’re losing this drug war,” Feb. 3, 2014.

Vermont Governor Peter ShumlinVERMONT GOV. SAYS WAR ON DRUGS IS LOST: “We have lost the War on Drugs. The notion that we can arrest our way out of this problem is yesterday’s theory.” — Vermont Governor Peter Shumlin, PBS Newshour, January 9, 2014.

NEW JERSEY GOV. CHRISTIE DENOUNCES “FAILED New Jersey Governor Chris ChristieWAR ON DRUGS”: “We will end the failed War on Drugs that believes that incarceration is the cure of every ill caused by drug abuse. We will make drug treatment available to as many of our non-violent offenders as we can and we will partner with our citizens to create a society that understands that every life has value and no life is disposable. We will fight to continue to change government so that we value our differences and honor the strength of our diversity.” — Gov. Chris Christie‘s inaugural speech, Jan. 21, 2014.

Erick EricksonLAISSEZ FAIRE: “You know what the government can do for me? Leave me the hell alone. They can’t get us through airports without groping us, they can’t deliver our mail without a bailout, they can’t fight a war without turning the military into a sociological experiment, and they can’t manage healthcare without 404 errors, death panels, and rigged numbers to hide massive debt. Leave us alone. … If they’d just leave us alone, I suspect we’d be just fine, have more freedom, and Main Street could be productive again.” — conservative commentator Erick Erickson, “Leave Us Alone,” RedState.com,  January 28th, 2014.