Political liberty and the free enterprise system are intimately connected, and this concept was first explored at length in Adam Smith’s The Wealth of Nations, which was published March 9, 1776.
In Capitalism, author Frank Solomon provides a detailed introduction of Smith’s 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 Smith—often referred to as the father of modern economics—presented 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, Solomon’s Capitalism demonstrates the capacity of Smith’s 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 Capitalism
“Solomon has a deep admiration for Adam Smith’s 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 Smith’s call to capitalism and self-interest, [Smith also suggests] ethical business practices can pay moral and financial dividends …”
—Kirkus Discoveries Review