Most defenses of a free-market society use arguments derived from economics, and too such arguments assume a morally repugnant concept of individualism. Tibor Machan recasts the defense of capitalism from an economic to a moral ground, stressing that free markets provide an infrastructure for human moral decision-making. He thus avoids the amoral selfishness of homo economicus while confronting the collectivist subjugation of the individual found in Marxism. Capitalism and Individualism is a spirited, passionate,yet clearly argued moral vindication of the free-market society, a social system that continues to be a subject of much skepticism.
Tibor R. Machan is a Hoover Institution research fellow and Distinguished Fellow and professor in the Leatherby Center for Entrepreneurship & Business Ethics at the Argyros School of Business and Economics, Chapman University, California. He is also Professor Emeritus in the Department of Philosophy at AuburnUniversity, Alabama and co-founder of Reason Magazine. He was a visiting professor of philosophy at the United States Military Academy in 1992-93. His most recent book, A Primer on Ethics, was published by the University of Oklahoma Press. His Generosity: Virtue in Civil Society was published by the Cato Institute in 1998 and Classical Individualism by Routledge in 1999. He co-authored The Business of Commerce, Examining an Honorable Profession and co-edited Political Philosophy, Essential Selections. He has recently edited Business Ethics in the Global Market for Hoover Institution Press.
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