While some firms have succumbed to the temptations of cronyism, capitalism itself is inherently moral. Fred L. Smith, Jr., founder of the Competitive Enterprise Institute, argues that capitalism’s virtues stem from its voluntary nature and its reliance on the complementary human traits of self-interest and empathy. Capitalism hones and enhances these traits. A broader recognition of this virtuous relationship by both business leaders and intellectuals is essential for capitalism’s survival.

Join Fred in a discussion of his recent study “The Morality and Virtues of Capitalism and the Firm: Defending Capitalism in Theory and Practice.” The discussion offers an opportunity to comment on and critique this paper and offer suggestions for making its arguments more accessible to policy and business audiences. Most business leaders recognize the value of their own economic achievements, but look to the culture around them for moral legitimization. Our culture has failed to provide that support.


Thursday, January 12, 2017
12:00 PM


Cato Institute
1000 Massachusetts Avenue NW
Washington, D.C. 20001


Fred L. Smith, Jr.
Competitive Enterprise Institute

David Boaz
Executive Vice President
Cato Institute

Attendance at this event is by invitation only. To request an inivtation, email Fred Smith at [email protected].

Get Information About Upcoming CEI Events

Sign-up to receive news and information about CEI events all year around.

  • This field is for validation purposes and should be left unchanged.

We’d Love Your Feedback

Please let us know how a recent CEI event went. Be sure to include details!

  • This field is for validation purposes and should be left unchanged.