Economics Department

 

Date of this Version

2013

Document Type

Article

Citation

Journal for the Advancement of Developing Economies 2013 Volume 2 Issue 3

doi:10.13014/K2GF0RQD

Comments

Copyright 2013 JADE.

Abstract

The purpose of this paper is to review the book A Capitalist Manifesto: Understanding the Market Economy and Defending Liberty by Gary Wolfram. In a time of political unrest throughout the industrialized and developing world, Wolfram defends the free market economic system and educates the reader as to the various benefits of capitalism. According to the author, governments should create concise laws and regulations that allow individuals to pursue their ambitions without unnecessary interference. Wealth redistribution, a trait associated with socialism, leads to stagnant economies and minimal innovations. The roles that banks and the government play in the economy are discussed on a level beneficial to both the novice and skilled reader.

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