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Capitalism: The Unknown Ideal is a collection of essays, mostly by the philosopher Ayn Rand, with additional essays by her associates Nathaniel Branden, Alan Greenspan, and Robert Hessen. The authors focus on the moral nature of laissez-faire capitalism and private property.
Ayn Rand defined capitalism as a social system based on the recognition of individual rights, including property rights, in which all property is privately owned, and called it the unknown ideal. [1] Robert LeFevre, an American libertarian and primary theorist of autarchism, defined capitalism as savings and capital —in essence—as savings ...
She noted in Capitalism: The Unknown Ideal: [13] Patents and copyrights are the legal implementation of the base of all property rights: a man's right to the product of his mind. Every type of productive work involves a combination of mental and of physical effort: of thought and of physical action to translate that thought into a material form.
Machan was an adviser to Freedom Communications, Inc. on libertarian issues [8] from 1996 to 2014. Machan wrote a memoir, The Man Without a Hobby: Adventures of a Gregarious Egoist (Hamilton Books, 2004; 2nd edition 2012). On 24 March 2016, he died at the age of 77.
He was associated with philosopher Ayn Rand for 25 years, contributed articles to two of her periodicals, as well as her book, Capitalism: The Unknown Ideal. He was a featured commentator on Milton Friedman's award-winning PBS television documentary series, Free to Choose.
Yaron Brook. Yaron Brook (Hebrew: ירון ברוק; born May 23, 1961 [ 1 ]) is an Israeli - American Objectivist writer who is the current chairman of the board at the Ayn Rand Institute (ARI), where he was executive director from 2000 to 2017. Prior to joining ARI, he was a finance professor at Santa Clara University, where he taught for ...
Supply-side economics is a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates and by allowing greater flexibility by reducing regulation.
He was Rand's choice for indexer of her collections, The Virtue of Selfishness [7] and Capitalism: the Unknown Ideal. [8] As an undergraduate at Brooklyn College in 1963, Gotthelf founded one of the early college-based "Ayn Rand Clubs," under whose auspices Rand herself lectured to an audience of over 1000.