Friday, February 12, 2010

Capitalism Unbound

Andrew Bernstein has written a new book called Capitalism Unbound that, in his words:

...offers a focused, essentialized, and condensed argument ideal for the layman who admires capitalism but lacking a succinct, accessible explanation of its moral and economic virtues.
I have just finished reading it and I heartily agree. The book is an excellent shorter and updated presentation of the historical, moral and economic case for capitalism already presented in his book The Capitalist Manifesto. It is, as Dr. Bernstein put it on Facebook, "best book [he's] ever written." I think the organization of the book, in particular, is very effective in conveying the link between the historical facts and the ideas, both moral and economic. There is also enough myth busting to challenge those unfamiliar with the details of economic history, particularly the history of pre-capitalist and early capitalist eras. There are also interesting thoughts on charity as well.

Highly recommended!