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The Virtues of Capitalism: A Moral Case for Free Markets
In the aftermath of the recent economic downturn, some observers leveled harsh criticism against free-market economies. In the spring of 2009, for instance, an article in the The London Telegraph insisted that the industrialized West must re-articulate its moral case for market capitalism. Additionally, numerous commentators proclaimed the days of unfettered markets to be over.
In this timely and balanced book, Austin Hill and Scott Rae agree with capitalism's critics that the economy is essentially a moral issue, but they argue that free markets are by-and-large the solution to financial disasters rather than the cause. Though they recognize that there are legitimate criticisms of the market system -- and real limits to what it can and should accomplish -- the authors further conclude that capitalism both depends upon and sustains classic Judeo-Christian virtues better than any of its rival systems.
Thoughtful and engaging, this book pushes against the tide of current public opinion and some of the administration's proposed economic policies with a principled defense of capitalism.
In this timely and balanced book, Austin Hill and Scott Rae agree with capitalism's critics that the economy is essentially a moral issue, but they argue that free markets are by-and-large the solution to financial disasters rather than the cause. Though they recognize that there are legitimate criticisms of the market system -- and real limits to what it can and should accomplish -- the authors further conclude that capitalism both depends upon and sustains classic Judeo-Christian virtues better than any of its rival systems.
Thoughtful and engaging, this book pushes against the tide of current public opinion and some of the administration's proposed economic policies with a principled defense of capitalism.
158 pages, Kindle Edition
First published January 1, 2010
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About the author
Scott B. Rae
30 books8 followersSCOTT RAE, Ph.D., is professor of Christian ethics and chair of the philosophy of religion and ethics department at Talbot School of Theology. He's written six books, including Moral Choices: An Introduction to Ethics and Beyond Integrity: a Judeo-Christian Approach to Business Ethics.
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Displaying 1 - 4 of 4 reviews
August 23, 2014
A decent book. I enjoyed it, and learned some things, but I much prefer my defenses of capitalism to be Strident. These guys were mellow, but they still had some good things to say. My favorite was their observation that the opposite of contentment was not ambition, but rather envy.
June 28, 2010
Excellent read comparing how the markets encourage certain behaviors that are beneficial to society in light of history and other factors.
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July 13, 2013recomendado por TGC
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Displaying 1 - 4 of 4 reviews