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Online usersPollWhat should the government do about ailing financial institutions? Nothing, except to back off and get out—as any Objectivist knows, intervention is treating the disease with the disease 84% Intervene judiciously—enough to avert a catastrophe that is otherwise imminent 3% Intervene massively—as it's doing 3% Nationalize the whole economy and be done with it. Bring on the USSA! 1% Something else (specify) 9% Total votes: 76
 Basic Economics by Thomas Sowell
 Economics In One Lesson by Henry Hazlitt
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Reisman on Ayn Rand Submitted by sjw on Fri, 2006-01-13 18:18.
"As the leading advocate of reason in modern times, [Ayn Rand's] writings alone hold out the possibility of the necessary fundamental philosophic changes taking place in our culture, without which efforts at the level of economic theory and political philosophy are doomed to failure."--George Reisman, CAPITALISM, p. 970.
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User loginFeatured BookNavigationSyndicate  The Fountainhead by Ayn Rand
 Atlas Shrugged by Ayn Rand
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That's a terrific quote.
That's a terrific quote. Thanks.
The limits of economics
And this is an important point for all economists to understand. The trouble with most the famous free market economists is that while they have all been very successful at demolishing the various socialist and mixed market economic theories they are unable to effectively advocate their economic positions because public assumptions about ethics and politics dictate that they will be ignored in favor of the status quo or futher additions to government regulation and welfare statism.
Because of this fact instead of teaching Mises and Reisman or even Hayek and Friedman state run universities will ignore them and opt instead for Keynes, Samuelson and Nordhaus with sprinklings of Marx because theories put forth by these economists are in line with the current public assumptions about eithics and politics. Ayn Rand provided the starting point for more extensive arguments (like rational economic theory) in favor of free market capitalism.
- Jason