Thursday, April 30, 2009

Capitalism: A Treatise on Economics

I am reading George Reisman's "Capitalism: A Treatise on Economics". I was surprised to see no mention of him or his book on any of the more prominent Objectivist blogs that I read. Yesterday for the first time I saw a mention on the blog Titanic deck chairs. Today a second mention on the Rational Capitalist. The complete book is available in PDF form at

Here is a description of the book:
Aimed at both the intelligent layman and the professional economist, and written in language that both can understand, this book is the most comprehensive and intellectually powerful explanation of the nature and value of laissez-faire capitalism that has ever been written. It represents a twofold major integration of truths previously discovered by other writers, combined with numerous original contributions made by the author himself. Within economic theory, it integrates leading ideas of the Austrian school with needlessly abandoned doctrines of the British classical school. It further integrates such reconstituted economic theory with essential elements of Ayn Rand's philosophy of Objectivism. Simply put, Capitalism: A Treatise on Economics is the philosophically and intellectually strongest book in the defense of laissez-faire capitalism that can be found anywhere in the world at the present time.

It is a fantastic book. A little bit about George Riesman from the Mises website:
Dr. George Reisman earned his PhD in Economics at New York University under the direction of Ludwig von Mises. He is the author of Capitalism: A Treatise on Economics. He has contributed articles to academic journals such as The Quarterly Journal of Austrian Economics, The Journal of Libertarian Studies, and The American Journal of Economics and Sociology. Dr. Reisman is Pepperdine University Professor Emeritus of Economics and serves as the President of The Jefferson School of Philosophy, Economics and Psychology.