The Capitalist Manifesto

Title......Page 1
Copyright......Page 2
Preface......Page 3
Part One: The Idea of the Capitalist Revolution......Page 13
Then and Now......Page 14
The Prevailing Sense of Well-Being......Page 16
Our Machine-Produced Happiness......Page 19
Our Feeling about Socialism......Page 20
The Ambush......Page 21
An Appeal to Reason......Page 23
The Three Elements of Economic Freedom......Page 24
Labor, Leisure and Freedom......Page 28
The Form and Character of Human Work......Page 32
The Image of an Economical Free Society......Page 35
The Problem of Diffusing Ownership......Page 41
The Problem of Liberty and Equality......Page 42
Factors in the Production of Wealth......Page 44
The Role of Man as a Factor in the Production of Wealth......Page 47
A Technical Note on the Productivity of Labor......Page 52
The Forms of Property......Page 55
Primary and Secondary Distribution......Page 58
Property and Justice......Page 64
Free Competition as the Determinant of Value......Page 68
The Problem of Justice and Welfare in an Industrial Economy......Page 73
The Three Relevant Principles of Justice......Page 79
The Organization of a Just Economy......Page 82
First Stage: from the Beginning to the Nineteenth Century......Page 100
Second Stage: from 1800 to the Present Day......Page 103
The Classification of Economies......Page 104
The Forms of Capitalism......Page 106
The Four Capitalisms......Page 117
The Three Alternatives......Page 123
The Two Socialist Revolutions......Page 126
Mixed Capitalism’s Insoluble Problem: Inflation......Page 142
Our Only Choice — Capitalism......Page 150
The Economics of Capitalism......Page 161
The Politics of Capitalism......Page 165
The Ethics of Capitalism......Page 172
Part Two: The Program of the Capitalist Revolution......Page 176
The Nature of the Proposals......Page 177
General Policies......Page 180
Specific Recommendations......Page 181
The Situation from Which We Start......Page 183
The Role of Primary Distribution in a Capitalistic Economy......Page 185
Individual Security vs. Security for All Individuals......Page 189
The Degree of Concentration in the Ownership of Capital......Page 191
The Forms of Concentrated Ownership of Capital......Page 193
How Mixed Capitalism Deals with the Effects of Concentrated Ownership......Page 196
Equity-Sharing Plans......Page 202
Modification of Death Tax Laws and Gift Tax Laws......Page 204
Terminating Deliberate Governmental Promotion of Concentration of Ownership and of Market Monopoly......Page 212
Corporations in the Present Mixed Economy......Page 216
Corporations in the Transition to Capitalism......Page 219
Restoring Effective Ownership of Capital to the Stockholders of Business Corporations......Page 222
Financial Efficiency in Business Corporations vs. Technical Efficiency......Page 225
Other Changes Affecting Business Corporations......Page 226
Investment Preference for Small or New Capitalists......Page 230
Income Tax Deterrents to Personal Concentration......Page 232
The Primary Function of Credit in a Capitalistic Society......Page 236
Historical Precedents......Page 237
Credit and Diffusion of Capital Ownership......Page 245
Financed Capitalists......Page 248
The Need for New Types of Insurance......Page 255
The New Capitalists......Page 257
15 – Concluding Summary......Page 264
Appendix: The Concealment of the Declining Productivity of Labor in Our Present Economy......Page 268
Review......Page 278