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In Capitalism and Commerce, Edward Younkins provides a clear and accessible introduction to the best moral and economic arguments for capitalism. Drawn from over a decade of business school teaching, Younkins's work offers the student of political economy and the educated layperson a clear, systematic treatment of the philosophical concepts that underpin the idea of capitalism and the business, legal, and political institutions that impact commercial enterprises. Divided into seven parts, the work discusses capitalism and morality; individuals, communities, and the role of the state; private and corporate ownership; entrepreneurship and technological progress; law, justice, and corporate governance; and the obstacles to a free market and limited government.
Edward W. Younkins is Professor of Accountancy and Business Administration at Wheeling Jesuit University. He is the editor of Michael Novak's Three in One: Essays on Democratic Capitalism, 1976-2000 (Rowman & Littlefield, 2001)
Part 1 Introduction: Capitalism and MoralityPart 2 Individuals, Communities, and the StateChapter 3 Individual RightsChapter 4 Individuals and CommunitiesChapter 5 Civil SocietyChapter 6 The Common GoodChapter 7 The StateChapter 8 Personal Flourishing and HappinessPart 9 OwnershipChapter 10 Private PropertyChapter 11 ContractChapter 12 WorkChapter 13 The Labor UnionChapter 14 The CorporationChapter 15 BusinessPart 16 ProgressChapter 17 EntrepreneurshipChapter 18 TechnologyPart 19 GovernanceChapter 20 JusticeChapter 21 LawChapter 22 Corporate GovernancePart 23 Obstacles to a Free SocietyChapter 24 Collectivist ThinkersChapter 25 Cultural RelativismChapter 26 CommunitarianismChapter 27 EnvironmentalismChapter 28 Public EducationChapter 29 TaxationChapter 30 ProtectionismChapter 31 Antitrust LawsChapter 32 Government RegulationChapter 33 Inflation and MoneyPart 34 In Retrospect and ProspectChapter 35 Conceptual Foundations RevisitedChapter 36 The FuturePart 37 Appendix: A Reader's Guide to Free-Market Organizations and Periodicals
Capitalism rests on a moral foundation, like the rest of civilization. Edward W. Younkins has done an extraordinary job of explicating that foundation, in an impressive and much-needed work.