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In Capitalism and Commerce, Edward Younkins provides a clear and accessible introduction to the best moral and economic arguments for capitalism. Drawn from over a decade of business school teaching, Younkins's work offers the student of political economy and the educated layperson a clear, systematic treatment of the philosophical concepts that underpin the idea of capitalism and the business, legal, and political institutions that impact commercial enterprises. Divided into seven parts, the work discusses capitalism and morality; individuals, communities, and the role of the state; private and corporate ownership; entrepreneurship and technological progress; law, justice, and corporate governance; and the obstacles to a free market and limited government.
Fiction, including novels, plays, and films, can be a powerful force in educating students and employees in ways that lectures, textbooks, articles, case studies, and other traditional teaching approaches cannot. Works of fiction can address a range of issues and topics, provide detailed real-life descriptions of the organizational contexts in which workers find themselves, and tell interesting, engaging, and memorable stories that are richer and more likely to stay with the reader or viewer longer than lectures and other teaching approaches. For these reasons, Exploring Capitalist Fiction: Business through Literature and Film analyzes 25 films, novels, and plays that engage the theories, concepts, and issues most relevant to the business world. Through critical examinations of works such as Atlas Shrugged and Wall Street, Younkins shows how fiction is a powerful teaching tool to sensitize business students without business experience and to educate and train managers in real businesses.
The failure of command central planning in the twentieth century has led to a general disillusionment within the socialist movement worldwide. Some alternatives to capitalism have been proposed since the end of the Cold War, but none has offered an alternative form of economic calculation. This book explains how modern information technology may be used to implement a new method of economic calculation that could bring an end to capitalism and make socialism possible. In this book, the author critically examines a number of socialist proposals that have been put forward since the end of the Cold War. It is shown that although these proposals have many merits, their inability effectively to i...
Why we should not accept “networked individualism” as the inevitable future of community. If social interaction by social media has become “the modern front porch” (as one sociologist argues), offering richer and more various contexts for community and personal connection, why do we often feel lonelier after checking Facebook? For one thing, as Taylor Dotson writes in Technically Together, “Try getting a Facebook status update to help move a couch or stay for dinner.” Dotson argues that the experts who assure us that “networked individualism” will only bring us closer together seem to be urging citizens to adapt their social expectations to the current limits of technology an...
The Moral Case for Profit Maximization argues that profit maximization is moral when businessmen seek to maximize profit by creating goods or services that are of objective value. Traditionally, profit maximization has been defended on economic grounds. Profit, economists argue, incentivizes businessmen to produce goods and services. In this view, businessmen do not need to be virtuous as long as they deliver the goods. It challenges the traditional defense of profit maximization, arguing that profit maximization is morally ambitious because it requires businessmen to form normative abstractions and to cultivate a virtuous character. In so doing, the author also challenges the moral basis of...
The first volume to offer a comprehensive scholarly treatment of Rand’s entire corpus (including her novels, her philosophical essays, and her analysis of the events of her times), this Companion provides vital orientation and context for scholars and educated readers grappling with a controversial and understudied thinker whose enduring influence on American (and world) culture is increasingly recognized. The first publication to provide an in-depth scholarly treatment ranging over the whole of Rand’s corpus Provides informed contextual analysis for scholars in a variety of disciplines Presents original research on unpublished material and drafts from the Rand archives in California Features insightful and fair-minded interpretations of Rand’s controversial positions
The novelist and philosopher Ayn Rand was one of the most influential 20th century advocates of free market capitalism. Her work inspired Objectivism, a philosophical movement and former US Federal Reserve Chairman Alan Greenspan cited Rand as a formative intellectual influence. In this outstanding volume, Mimi Gladstein details Rand's belief in the moral supremacy of individualism over collectivism, highlighting her contribution to libertarian thought.
This book emphasizes the compatibility of Aristotelianism, Austrian economics, and Ayn Rand's Objectivism, arguing that particular ideas from these areas can be integrated as a potential paradigm of human flourishing and happiness in a free society. It constructs an understanding from various disciplines into a clear, consistent, and systematic whole.
What does it mean to be a flourishing human in a Western liberal democracy in the twenty-first century? In Freedom, Progress, and Human Flourishing, Winton Bates aims to provide a better framework for thinking about the relationship between freedom, progress, and human flourishing. Bates asserts that freedom enables individuals to flourish in different ways without colliding, allows for a growth of opportunities, and supports personal development by enabling individuals to exercise self-direction. The importance of self-direction is a central theme in the book, and Bates explores throughout why wise and well-informed self-direction is integral to flourishing because it helps individuals attain health and longevity, positive human relationships, psychological well-being, and an ability to live in harmony with nature.
Funded by the tobacco and fossil fuel industries, the Mises- and Hayek-inspired ‘free’ market has adopted ‘The Slogan of Liberty’ - but should their faith-based assertions be accorded the same epistemological status as a science? If Austrian economics is a branch of divinely revealed ‘knowledge’ - as the epigone Godfather, Hans Sennholz, insists - what validity do its policy recommendations have? Should those who falsely claim to have PhDs be tax-funded as ‘Post-Doctoral Fellows’ and ‘Professors’? This volume examines the consequences of the ‘free’ market colonisation of economics – climate change, financial crises and the corruption of academic discourse