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Every price is set by someone; this is where economics begins. Building on that fundamental idea and on Ayn Rand’s philosophy of Objectivism, Objective Economics transforms economics. The thesis of this book is that Ayn Rand’s concept of “objective” is the indispensible base of valid economic thought. Consistently applying this idea across the board, the author reaches a general theory of price for the first time in the history of economic thought. This theory of price then provides a valid base for explaining how a free economy functions. Based on facts everyone knows, presented without graphs or higher mathematics, Objective Economics makes accessible to the intelligent layman a cl...
The Moral Case for Profit Maximization argues that profit maximization is moral when businessmen seek to maximize profit by creating goods or services that are of objective value. Traditionally, profit maximization has been defended on economic grounds. Profit, economists argue, incentivizes businessmen to produce goods and services. In this view, businessmen do not need to be virtuous as long as they deliver the goods. It challenges the traditional defense of profit maximization, arguing that profit maximization is morally ambitious because it requires businessmen to form normative abstractions and to cultivate a virtuous character. In so doing, the author also challenges the moral basis of...
A provocative new theory of “the economy,” its history, and its politics that better unites history and economics What is the economy, really? Is it a “market sector,” a “general equilibrium,” or the “gross domestic product”? Economics today has become so preoccupied with methods that economists risk losing sight of the economy itself. Meanwhile, other disciplines, although often intent on criticizing the methods of economics, have failed to articulate an alternative vision of the economy. Before the ascent of postwar neoclassical economics, fierce debates raged, as many different visions of the economy circulated and competed with one another. In The Real Economy, Jonathan L...
Richard O'Leary questions the validity of some (or much) of the agenda of the environmental movement in the U.S., and documents his case with detailed examples of the enormous dangers created by uncontrolled bureaucratic Kafka-esque regulators operating in the name of the higher good. Such regulations and actions sometimes have effects opposite to what was intended, serving neither the environment nor society. As more and more of suburban America is discovering, re-introduced or protected species (bears, deer, geese, etc.) that outstrip the available habitat create safety and sanitation problems for themselves and for humans. O'Leary weaves together a passionate narrative with news articles, studies by the National Center for Public Policy Research and others, and profiles of families whose homes and livelihoods have been destroyed (for no apparent purpose) in the name of environmental protection. Most of the events occurred in the West, but the lessons may apply nationwide.
An extensive collection of never-before-published interviews reflecting on Ayn Rand's life and character. Drawing on 100 never-before-published interviews, Scott McConnell presents a unique portrait of a larger-than-life literary giant and a fascinating individual, Ayn Rand. Focusing on the private Rand, McConnell talked to the author's family, friends, fans, and associates, as well as Hollywood stars, university professors, fiction writers, and many more. Arranged in chronological order, these interviews cover a broad range of years, contexts, relationships, and observations on one of the most influential- and controversial-figures of the twentieth century. From Ayn Rand's youngest sister to the woman who inspired the character of Peter Keating in The Fountainhead, the subjects interviewed offer fresh, sometimes surprisingly candid, affectionate, and intriguing insights into a complex and remarkable writer, philosopher, and human being.
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The first volume to offer a comprehensive scholarly treatment of Rand’s entire corpus (including her novels, her philosophical essays, and her analysis of the events of her times), this Companion provides vital orientation and context for scholars and educated readers grappling with a controversial and understudied thinker whose enduring influence on American (and world) culture is increasingly recognized. The first publication to provide an in-depth scholarly treatment ranging over the whole of Rand’s corpus Provides informed contextual analysis for scholars in a variety of disciplines Presents original research on unpublished material and drafts from the Rand archives in California Features insightful and fair-minded interpretations of Rand’s controversial positions
In this book, author Svein Olaf Thorbjørnsen probes the question: What is at stake for human beings in a society dominated by competition, particularly economic competition? Is competition endemic to human nature? Does it preserve the dignity and intrinsic value of the human being? Does it secure better living conditions? In a way, the answer to these queries is a simple “yes.” It can allow for superior satisfaction of fundamental needs; legitimate self-love and self-realization; and encourage positive feelings upon mastering a skill. At the same time, however, competition can also contribute to a strong materialistic self-interest and support classicism, social ranking, and elitism: ot...