Against Capitalism
Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Preface -- 1 Noncomparative justifications -- Marginal product as contribution -- Capitalist contribution as entrepreneurial activity -- Interest as time preference -- Interest as reward for waiting -- Profit as reward for risk -- Capitalism as just because it is just -- 2 Terms of comparison -- Capitalism: Laissez Faire -- Socialism: Economic Democracy -- 3 Capitalism or socialism?: efficiency -- The efficiency strengths of Laissez Faire -- How efficient is Economic Democracy? -- A comparison: X-efficiency -- Trouble for Laissez Faire: unemployment -- More trouble: the sales effort -- 4 Capitalism or socialism?: growth -- Innovation, risk, and reward: the entrepreneurial spirit -- What kind of growth? -- How fast to grow? -- Instability -- 5 Capitalism or socialism?: liberty, equality, democracy, autonomy -- Liberty -- Equality -- Democracy -- Meaningful work -- 6 Modern liberalism -- Keynesian-liberal "Fair Capitalism" -- Post-Keynesian "New Liberalism" -- 7 Transitions -- From advanced capitalism -- From command socialism -- From neocolonial underdevelopment -- 8 Other socialisms -- Command socialism -- Technocratic market socialism -- Marketless participatory socialism -- 9 Marxian reflections -- Communism -- Marxian paradoxes, Marxian hope -- Bibliography -- Index -- About the Book and Author