The Virtues of Capitalism

In the aftermath of the recent economic downturn, numerous commentators proclaimed the days of free markets to be over.In Virtues of Capitalism, a very timely and balanced book, Austin Hill and Scott Rae agree with capitalism's critics that the economy is essentially a moral isse, but they argue that free markets are by-and-large the solution to financial disasters rather than the cause. Though they recognize that there are legitimate criticisms of the market system -- and real limits to what it can and should accomplish -- the authors further conclude that capitalism both depends upon and sustains Judeo-Christian virtues better than any of its rival systems.Thoughtful and engaging, this book pushes against the tide of current public opinion and some of the administration's proposed economic policies with a principled defense of capitalism.