These days, everyone has an agenda. Feminists demand “equal pay for equal work.” Environmentalists want to save the earth from the ravages of industry. Social scientists want to reconstruct society on “rational” grounds. Natural scientists want to promote biodiversity and develop alternative energy sources. Consumer advocacy groups want to improve product safety. Moralists decry commercialization. Luddites yearn for the simple agrarian society of the past. Beneath their differences, all these groups share one passion: they despise capitalism.
Capitalism is the system in which people are free to use their private property without outside interference. That’s why it’s also known as the free enterprise (or free market) system, because it allows people freedom to choose: freedom to choose their own jobs, freedom to sell their products at whatever prices they like, and freedom to choose among products for the best value.
In this clearly written and very interesting volume, author Robert Murphy analyzes some of the more popular distortions and outright lies behind the widespread hatred of capitalism. You will see that, contrary to critics’ beliefs, a system based on private property and the incentive for profit leads people to do what’s best not only for themselves, but also for society as well. (Adam Smith famously dubbed this mechanism the “invisible hand.”) And when government intervenes in the market, it not only tramples on freedom and individual rights, but it also often hurts the very people it presumes to help.
This is practically an economics course in iitself and would be great for high school students and adults who want help in understanding what’s going on in the economic world around them. Paperback, 206 pages.
(DISCLAIMER: Though not necessarily Christian in content, we have chosen to carry this series because of the factual portrayal of crucial issues of our day. There are a few questionable words/phrases that are occasionally used, but as a whole, this is a timely series for those who wish to understand the truth on vital issues. Recommended for adults, including high school and college age students.)