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Philosophers of Capitalism provides an interdisciplinary approach,
attempting to discover the feasibility of an integration of
Austrian Economics and Ayn Rand's philosophy of Objectivism. In the
first section of the book, Edward W. Younkins supplies essays
presenting the essential ideas of Carl Menger, Ludwig von Mises,
and Ayn Rand. Building upon these essential ideas, the second
portion of the book brings together scholarly perspectives from top
academics, analyzing Menger, von Mises, and Rand. The third and
final section of the book looks toward the future and the
possibility of combining and extending the insights of these
champions of a free society, emphasizing how the errors, omissions,
and oversights made by one theorist can effectively be negated or
compensated for by integrating insights from one or more of the
others. Featuring a list of recommended reading for the major ideas
and theorists discussed, Philosophers of Capitalism is an essential
book for both philosophers and economists.
Andrew Carnegie was a leading industrialist who used his fortune to
create a legacy of philanthropy and peace advocacy. This biography
examines his rise from a poverty-stricken childhood to a position
of international leadership.
Ayn Rand wrote and lectured on economic concepts and topics. This
volume addresses the economic and business aspects of her writings.
The authors of this anthology are from a variety of fields and all
of them are enthusiastic supporters of her ideas.
This biography of Andrew Carnegie emphasizes the economic dimension
of his career in industry. It examines his life as a dynamic
innovator during the period when the steel industry rapidly
expanded and the United States became a major industrial power.
Carnegie rose from a poverty-stricken Scottish childhood to a
position of international industrial leadership, philanthropy, and
peace advocacy, by means of intelligence, entrepreneurship,
ambition, tenacity, guile, and ruthless determination. It is shown
that Carnegie excelled as an economic actor. His alertness to
expected profit opportunities, and success in coping with the
uncertainties of the marketplace, made him a major influence on the
growth of many of the most important industries of late-nineteenth
century United States and world economies. His contribution to the
better coordination of the actions of both demanders and suppliers
in those industries by managerial, technological, and institutional
innovations is emphasized. It is also argued that those
profit-seeking actions and innovations occurred in the context of
political policies and social institutions that produced a
tremendous mal-investment of resources. This mal-investment was a
result of protective tariffs, the stimulus and waste of war, and
government subsidization of the railroad industry. Carnegie's role
in this massive diversion of resources from other uses to those
from which he personally benefitted is also emphasized. Lastly,
Carnegie's actions in giving away the great personal fortune that
he accumulated as he built his business empire are examined and
their economic implications assessed.
Ayn Rand wrote and lectured on economic concepts and topics. This
volume addresses the economic and business aspects of her writings.
The authors of this anthology are from a variety of fields and all
of them are enthusiastic supporters of her ideas.
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