“What Justifies Liberal Capitalism: Are Hayek’s, Rand’s, and Friedman’s Answers Compatible?” My 2013 Atlas Summit lecture

The one-hour video of my lecture is at the Atlas Society site and at YouTube. The lecture starts at 3:40, after the introduction, and is about 45 minutes long, followed by a question-and-answer session. The sub-topics are:
* 13 initial arguments for liberal capitalism.
* Some quotations from Mises, Schumpeter, Jouvenel, Smith, Hayek, Mill, Rand, Locke, and Friedman.
* Two puzzles about justifying capitalism:
* (a) Deontology or consequentialism — e.g., is Rand a deontologist?
* (b) Individualism and collectivism — e.g., do Mises, Hayek, and Friedman see individuals only as a means to social ends?
* Solving the two puzzles.

Related:
Transcript of “13 arguments for liberal capitalism in 13 minutes.”
The program for the 2014 Atlas Summit in New Hampshire, where I’ll be speaking on “Corruption in Business: Does Regulation Lessen or Increase It?”

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