Where Have all the Capitalists Gone?

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“Persistent animosity toward capitalism today rests on moral, not practical grounds. Unless rational self-interest is understood as the one moral code consistent with genuine humanity, and the moral estimate of capitalism thus improves, socialism will keep making comebacks, despite its deep and dark record of human misery.” ~Richard SalsmanWhere Have All the Capitalists Gone? is a compelling case for the many virtues of capitalism. Though long derided, Salsman convincingly shows that capitalism is not only the most productive social system but also the most moral and the most just.AIER Senior Fellow Richard M. Salsman is president of InterMarket Forecasting, Inc., an assistant professor of political economy at Duke University, and a Senior Scholar at the Atlas Society. Previously he was an economist at Wainwright Economics, Inc. and a banker at the Bank of New York and Citibank. Dr. Salsman has authored the books Gold and Liberty (1995), The Collapse of Deposit Insurance and the Case for Abolition (1993) and Breaking the Banks: Central Banking Problems and Free Banking Solutions (1990), all published by AIER, and, most recently, The Political Economy of Public Debt: Three Centuries of Theory and Evidence (2017), published by Edward Elgar Publishing. For more, visit www.richardsalsman.com. Dr. Salsman earned a B.A. in economics from Bowdoin College (1981), an M.A. in economics from New York University (1988), and Ph.D. in political economy from Duke University (2012).The American Institute for Economic Research in Great Barrington, Massachusetts, was founded in 1933 as the first independent voice for sound economics in the United States. Today it publishes ongoing research, hosts educational programs, publishes books, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the highly respected Sound Money Project. The American Institute for Economic Research is a 501c3 public charity.