Capitalism is an inherently moral system of political economy, based on its voluntary nature and its reliance on virtuous human traits. The entity that embodies capitalism in the market – the firm or corporation – hones and enhances these virtues through a vast array of mutually beneficial exchanges, which
in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
Featured Posts
Blog
Distinguished guests celebrate liberty movement jubilee
I recently returned to D.C. from Tampa, Florida, where I attended the 60th anniversary meeting (“Diamond Jubilee”) of the Philadelphia Society. For those who…
Blog
Free the Economy podcast: Frontier economics with Kendall Cotton
In this week’s episode we cover the diamond jubilee of the Philadelphia Society, the cost of government regulation in the UK, the…
Blog
Bees are flourishing again. Thanks, capitalism!
You can relax, everyone: The honeybees are back. As Andrew Van Dorn of the Washington Post reported recently, America suddenly now has a record…