The Virtues of Capitalism / Edition 1
The Virtues of Capitalism lays the foundation of his views and theories of capitalism and its alternatives. The first part, Corrigible Capitalism; Incorrigible Socialism, was first published in 1980. It explains why, Seldon believes, “private enterprise is imperfect but redeemable,” but the “state economy promises the earth, and ends in coercion to conceal its incurable failure.”

The second part, Capitalism, is widely considered to be Seldon’s finest work. Originally published in 1990 by Basil Blackwell of Oxford, it is the winner of the 1991 Antony Fisher Award from the Atlas Economic Research Foundation. This book covers a wide range of the classical liberal thought that inspired the movement toward free-market reforms in Great Britain and intellectually opposed the collectivist tide of socialism. In an understandable and eloquent manner, Seldon offers Capitalism as a celebration rather than a defense of classical liberalism. Through his analytical commentaries, Seldon chronicles the economic and social history of the western world throughout the 20th century, noting the intoxicating yet detrimental effects of collectivism. Along the way, he builds a powerfully compelling case why government should economically confine itself to the delivery of essential public goods. Throughout the book, he proposes free-market alternatives to socialist models of government, many of which still plague the economies of the world.

Arthur Seldon has been writing on classical liberal economics since the 1930s, when he was a student at the London School of Economics during Friedrich Hayek’s time there. For over thirty years, from the late 1950s, he was Editorial Director of the London-based Institute of Economic Affairs, where his publishing program was one of the principal influences on governments all around the world, persuading them to liberalize their economies. His Collected Works in these seven volumes are a major contribution to classical liberal thought.

Colin Robinson was a business economist for eleven years. He was then appointed to the Chair of Economics at the Universityof Surrey, Guildford, United Kingdom, where he founded the Department of Economics and is now Emeritus Professor. He is the author of 23 books and over 150 scholarly articles and has edited many other books. For many years he has been associated with the Institute of Economic Affairs and from 1992 to 2002 he was the IEA’s Editorial Director.

1132797786
The Virtues of Capitalism / Edition 1
The Virtues of Capitalism lays the foundation of his views and theories of capitalism and its alternatives. The first part, Corrigible Capitalism; Incorrigible Socialism, was first published in 1980. It explains why, Seldon believes, “private enterprise is imperfect but redeemable,” but the “state economy promises the earth, and ends in coercion to conceal its incurable failure.”

The second part, Capitalism, is widely considered to be Seldon’s finest work. Originally published in 1990 by Basil Blackwell of Oxford, it is the winner of the 1991 Antony Fisher Award from the Atlas Economic Research Foundation. This book covers a wide range of the classical liberal thought that inspired the movement toward free-market reforms in Great Britain and intellectually opposed the collectivist tide of socialism. In an understandable and eloquent manner, Seldon offers Capitalism as a celebration rather than a defense of classical liberalism. Through his analytical commentaries, Seldon chronicles the economic and social history of the western world throughout the 20th century, noting the intoxicating yet detrimental effects of collectivism. Along the way, he builds a powerfully compelling case why government should economically confine itself to the delivery of essential public goods. Throughout the book, he proposes free-market alternatives to socialist models of government, many of which still plague the economies of the world.

Arthur Seldon has been writing on classical liberal economics since the 1930s, when he was a student at the London School of Economics during Friedrich Hayek’s time there. For over thirty years, from the late 1950s, he was Editorial Director of the London-based Institute of Economic Affairs, where his publishing program was one of the principal influences on governments all around the world, persuading them to liberalize their economies. His Collected Works in these seven volumes are a major contribution to classical liberal thought.

Colin Robinson was a business economist for eleven years. He was then appointed to the Chair of Economics at the Universityof Surrey, Guildford, United Kingdom, where he founded the Department of Economics and is now Emeritus Professor. He is the author of 23 books and over 150 scholarly articles and has edited many other books. For many years he has been associated with the Institute of Economic Affairs and from 1992 to 2002 he was the IEA’s Editorial Director.

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The Virtues of Capitalism / Edition 1

The Virtues of Capitalism / Edition 1

The Virtues of Capitalism / Edition 1

The Virtues of Capitalism / Edition 1

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Overview

The Virtues of Capitalism lays the foundation of his views and theories of capitalism and its alternatives. The first part, Corrigible Capitalism; Incorrigible Socialism, was first published in 1980. It explains why, Seldon believes, “private enterprise is imperfect but redeemable,” but the “state economy promises the earth, and ends in coercion to conceal its incurable failure.”

The second part, Capitalism, is widely considered to be Seldon’s finest work. Originally published in 1990 by Basil Blackwell of Oxford, it is the winner of the 1991 Antony Fisher Award from the Atlas Economic Research Foundation. This book covers a wide range of the classical liberal thought that inspired the movement toward free-market reforms in Great Britain and intellectually opposed the collectivist tide of socialism. In an understandable and eloquent manner, Seldon offers Capitalism as a celebration rather than a defense of classical liberalism. Through his analytical commentaries, Seldon chronicles the economic and social history of the western world throughout the 20th century, noting the intoxicating yet detrimental effects of collectivism. Along the way, he builds a powerfully compelling case why government should economically confine itself to the delivery of essential public goods. Throughout the book, he proposes free-market alternatives to socialist models of government, many of which still plague the economies of the world.

Arthur Seldon has been writing on classical liberal economics since the 1930s, when he was a student at the London School of Economics during Friedrich Hayek’s time there. For over thirty years, from the late 1950s, he was Editorial Director of the London-based Institute of Economic Affairs, where his publishing program was one of the principal influences on governments all around the world, persuading them to liberalize their economies. His Collected Works in these seven volumes are a major contribution to classical liberal thought.

Colin Robinson was a business economist for eleven years. He was then appointed to the Chair of Economics at the Universityof Surrey, Guildford, United Kingdom, where he founded the Department of Economics and is now Emeritus Professor. He is the author of 23 books and over 150 scholarly articles and has edited many other books. For many years he has been associated with the Institute of Economic Affairs and from 1992 to 2002 he was the IEA’s Editorial Director.


Product Details

ISBN-13: 9780865975507
Publisher: Liberty Fund, Incorporated
Publication date: 09/30/2004
Series: The Collected Works of Arthur Seldon , #1
Edition description: Volume 1
Pages: 509
Product dimensions: 6.00(w) x 9.00(h) x 1.25(d)
Age Range: 18 Years

Table of Contents


General Introduction to the Collected Works of Arthur Seldon ix
Biographical Note xvii
Introduction to Volume 1 xxi

PART I: Corrigible Capitalism, Incorrigible Socialism

Preface by Lord Harris of High Cross 3
1. Mobilising Humanity for Progress 5
2. Market Success: Curable Defects 15
3. Government Failure: Incurable Defects 27
4. The Reigning Error: State Holism v. Market Experimentation 37
5. Reversing the Tide 40
6. Finale: Summary and Policy 47
A Short Reading List 49

PART II: Capitalism

Foreword by Lord Chapple of Hoxton 53
Preface 55
Acknowledgements 59
1. The Stake 61
2. Indoctrination against Capitalism 81
3. The Inevitability of Capitalism 108
4. The Return and Advance to Capitalism 132
5. Political and Market Democracy 158
6. The Capitalist Open Secret 184
7. Intellectual Reinforcement for Capitalism 205
8. More Intellectual Reinforcement for Capitalism 227
9. The Criticisms of Capitalism 247
10. The “Vision ” of Capitalism 280
11. The Galloping Horses 310
12. The Values of Capitalism 342
13. The Verdict 376
14. Prospects 405
Envoi: A Promise Kept 435
Descriptive Guide to Readings 437

Appendix: Contents of The Collected Works of Arthur Seldon 467
Index 469

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