Capitalism with Morality or The Causes and Consequences of Antitrust

Capitalism with Morality

Author: David W Haslett

A broad and lucid study of the merits of different economic systems, this work combines economic criteria of success with a philosophically sophisticated analysis of ethical foundations and moral justification. Arguing that despite the fall of socialism, the deep feelings of moral discontent that many have with capitalism are as strong as ever, the author analyzes unadulterated capitalism and centrally-planned socialism. He considers economic systems from a moral as well as economic standpoint, considering such criteria as freedom, justice, and equal opportunity, as well as standards of productivity, growth, and employment levels. The author concludes with an outlining and defending an alternative system which attempts to avoid the moral deficiencies of current capitalism without abandoning the traditional strengths and benefits of capitalism itself.

Table of Contents:

1	Is There a Correct Answer?	1
1.2	The Sceptics	2
1.3	Two Premisses	6
1.4	An Indirect Utilitarian Methodology	10
1.5	An Illustration: Justifying the Virtue of Charity	13
1.6	Indirect Utilitarianism vs. Direct	17
1.7	Well-Being and Utility	24
1.8	The Models Compared	33
1.9	The Standard Objection	39
1.10	Social Utility	41
1.11	Compared with Institutionalist Methodology	43
2	Libertarianism	47
2.2	Indirect Utilitarian Political Morality	48
2.3	Libertarian Morality	54
2.4	The Moralities Compared	57
2.5	Using the Private Sector Instead	65
2.6	Productivity	73
2.7	Freedom	76
2.8	The 'Separate-Persons' Objection	80
3	Central-Planning Socialism	87
3.2	Comparing Socialism with Capitalism	95
3.3	Equal Access to Necessities	98
3.4	Equal Opportunities	99
3.5	Freedom	103
3.6	Productivity	115
4	Worker Control	136
4.2	Worker-Control Socialism	138
4.3	Problems with Socialized Investment	144
4.4	Worker-Control Capitalism	150
4.5	Compared with Worker-Control Socialism	167
4.6	Compared with Traditional Capitalism	169
4.7	A Mixed Economy	187
5	Capitalism Without Poverty	191
5.2	Antipoverty Policy, 1990	194
5.3	The Proposed Policy: An Overview	199
5.4	The Standard Exemption	203
5.5	The Refundable Credit	206
5.6	Extraordinary Expenses	212
5.7	Jobs	221
5.8	Compared with 1990 Policy	226
5.9	Some Objections	228
6	Capitalism With Equal Opportunity	235
6.2	Inheritance and Capitalism	238
6.3	A Proposal for Abolishing Inheritance	245
6.4	Objections	247
6.5	A Compromise Proposal	257
6.6	Capitalism with Morality: Conclusion	261
	References	265
	Index	273

See also: La Enfermería de Mando & Dirección

The Causes and Consequences of Antitrust: The Public-Choice Perspective

Author: Fred S S McChesney

Why has antitrust legislation not lived up to its promise of promoting free-market competition and protecting consumers? Assessing 100 years of antitrust policy in the United States, this book shows that while the antitrust laws claim to serve the public good, they are as vulnerable to the influence of special interest groups as are agricultural, welfare, or health care policies. Presenting classic studies and new empirical research, the authors explain how antitrust caters to self-serving business interests at the expense of the consumer.
The contributors are Peter Asch, George Bittlingmayer, Donald J. Boudreaux, Malcolm B. Coate, Louis De Alessi, Thomas J. DiLorenzo, B. Epsen Eckbo, Robert B. Ekelund, Jr., Roger L. Faith, Richard S. Higgins, William E. Kovacic, Donald R. Leavens, William F. Long, Fred S. McChesney, Mike McDonald, Stephen Parker, Richard A. Posner, Paul H. Rubin, Richard Schramm, Joseph J. Seneca, William F. Shughart II, Jon Silverman, George J. Stigler, Robert D. Tollison, Charlie M. Weir, Peggy Wier, and Bruce Yandle.

Booknews

Presents classic studies and contemporary research on 100 years of antitrust policy in the US, and explains how antitrust caters to business and political interests at the expense of the consumer. Compares perspectives from the "Chicago school" and the "Harvard school," and discusses the emerging "Virginia school" and its use of standard economic theory to analyze government. Other subjects include public-choice models of antitrust, antimerger policy, antitrust before the Sherman Act, and the origins of antitrust. Annotation c. Book News, Inc., Portland, OR (booknews.com)