Capitalism

Political liberty and the free enterprise system are intimately connected, and this concept was first explored at length in Adam Smiths The Wealth of Nations, which was published March 9, 1776.In Capitalism, author Frank Solomon provides a detailed introduction of Smiths ideas, and he presents extensive examples of how the principles can be applied to current and future economic issues facing the modern world both nationally and internationally. Solomon shows how Smithoften referred to as the father of modern economicspresented the most efficient and effective program for giving humankind the greatest degree of safety, prosperity, freedom, health, and happiness over the long term.Debunking the myths surrounding The Wealth of Nations, Solomons Capitalism demonstrates the capacity of Smiths philosophy of enlightened self-interest to encompass a broad variety of contemporary politico-economic problems, including health care, education, the military-industrial complex, welfare, organized crime, international trade, and war.Praise for CapitalismSolomon has a deep admiration for Adam Smiths The Wealth of Nations. Having written nine previous volumes of Nations critique, he again embarks on a rapturous tour of the seminal economic treatise He presents several useful points, holding a relatively substantive discussion on the origins of the system of supply and demand, as well as peppering the text with reminders that, despite Smiths call to capitalism and self-interest, [Smith also suggests] ethical business practices can pay moral and financial dividends Kirkus Discoveries Review