The Capitalism Library

REQUIRED READING

These three books are required reading and should be on every capitalist’s bookshelf.

Atlas Shrugged by Ayn Rand
The most influential novel of the 20th century, according to a Library of Congress poll of Reader’s Digest book of the month readers. It is the book that launched the capitalist revolution. Also worth reading are Ayn Rand’s Anthem, The Fountainhead, and We The Living.

Capitalism The Unknown Ideal by Ayn Rand
Ayn Rand explains the rational and moral basis for capitalism in theory and in practice. The first essay What is Capitalism? is the inspiration for the capitalism tour. Required reading.

Objectivism: The Philosophy of Ayn Rand by Leonard Peikoff
Ayn Rand’s philosophy is the best defense of Capitalism, because she takes the offensive by reframing the question on rational premises. OPAR is the best presentation of her philosophy by her greatest student. The chapter on Capitalism is one of the best elaborations and defenses of laissez-faire I have read. Required on every capitalist’s bookshelf.

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CAPITALISM

Capitalism Unbound: The Incontestable Moral Case for Individual Rights by Andrew Bernstein
This slim, 150-page book is a passionate and well-researched defense of capitalism.

The Capitalist Manifesto: The Historic, Economic and Philosophic Case for Laissez-Faire by Andrew Bernstein
Backed with an enormous amount of history and research, Bernstein provides a riveting answer to Karl Marx’s Communist Manifesto, showing why capitalism is moral and practical.

CIVIL RIGHTS

Civil Rights Rhetoric or Reality? by Thomas Sowell
Explains how the collectivist solutions of so-called civil rights “leaders” create more problems than they solve. Also worth reading is Sowell’s Discrimination and Disparities.

COMMUNISM

The Black Book of Communism: Crimes, Terror, Repression
Distinguished European scholars document the horrors of communism. Brutal.

CORPORATIONS

Why Businessmen Need Philosophy by Ayn Rand, et. al
“A collection of essays to help today’s businessman understand the crucial role of philosophy in free trade, free markets, health care and business ethics.”

In Defense of the Corporation by Robert Hessen
How the rights of a corporation derive from the principle of individual rights.

CULTURE

The Return of the Primitive: The Anti-Industrial Revolution by Ayn Rand, et. al.
Examines the premises of the New Left on their impact on our culture today.

Race and Culture: A World View by Thomas Sowell
How culture (a body of human knowledge) fundamentally determines the progress of any racial group, and in fact civilization. Also worth reading is Sowell’s Conquests and Cultures: An International History, Migrations And Cultures: A World View, and Ethnic America: A History.

CRIME

Inside the Criminal Mind by Stanton Samenow
How a criminal’s actions are fundamentally determined by their thoughts.

ECONOMICS

Economics in One Lesson by Henry Hazlitt
A beautifully written book that explains how the market works.

Capitalism: A Treatise on Economics by George Reisman
An encyclopedic presentation (1000 pages) of the nature and value of capitalism.

Free Market Economics, Third Edition: An Introduction for the General Reader by Steven Kates
A return to supply-side economics making Say’s Law central to understanding economic phenomena.

EDUCATION

Freedom and School Choice in American Education by Bradley Thompson, et. al.
A series of essays for a variety of perspectives (capitalist and anti-capitalist) on privatizing education. Favorite authors include Andrew J. Coulson, James Toohey, and C. Bradley Thompson.

Market Education: The Unknown History by Andrew J. Coulson
A comprehensive examination of the history of education, that provides a roadmap for transitioning from monopolistic public education to market education.

The Beautiful Tree by James Toohey
An inspiring book on the author’s personal journey exploring how the world’s poorest people are educating themselves.

ENVIRONMENT

The Ultimate Resource 2 by Julian Simon
The ultimate resource is the human mind and its’ ability to use technology to effectively create more resources; a rational response to pessimistic, Malthusian, environmental alarmists.

ENERGY

The Moral Case for Fossil Fuels by Alex Epstein
How fossil fuels are moral based on the standard of human flourishing.

ETHICS

The Virtue of Selfishness by Ayn Rand
Ayn Rand explains her revolutionary concept of rational self-interest.

FINANCIAL & HOUSING CRISIS 2008

The Financial Crisis and the Free Market Cure by John Allison
As the nation’s longest-serving CEO of a top-25 financial institution, Professor Allison has had a unique inside view of the events leading up to the financial crisis. He explains how government intervention and regulation of the marketplace caused the housing crisis and the Great Recession of 2008-2009. Also worth reading is Allison’s The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness.

Meltdown by Thomas E. Woods Jr.
How government policies are the primary cause of the housing boom and bust that led to the finanical crisis of 2008.

FREEDOM OF SPEECH

Defending Free Speech by Steve Simpson
How those who attack the freedom of speech are the product of anti-capitalist ideologies.

HISTORY

The Ominous Parallels: The End of Freedom in America by Leonard Peikoff
The intellectual roots of Nazism and their ominous parallels in modern America.

The God of the Machine by Isabel Patterson
“[T]his is a brilliant and extraordinary book. … It is brilliant in the perceptiveness, the incisiveness, the power, the scope of its analysis that presents–in carefully chosen, dramatically illuminating essentials the history of man’s long quest for freedom, from ancient Greece to World War II. It offers an unforgettable experience: a panorama of the centuries, as seen from the elevation of a truly grand intellectual scale.” — Ayn Rand, The Objectivist Newsletter

INEQUALITY

Equal Is Unfair: America’s Misguided Fight Against Income Inequality by Don Watkins and Yaron Brook
Why the attempt to achieve the altruistic-egalitarian ideal of economic equality (equality of results) at the expense of the moral-capitalist ideal of political equality (equal political rights) will lead to the destruction of all.

LAW

Judicial Review in an Objective Legal System by Tara Smith
Elaborates on how the concept objectivity applies to the proper functioning of the legal system in order to explain the conditions required for objective judicial review.

The Federalist Papers by Alexander Hamilton, Alexander Hamilton, James Madison, and John Jay
One of the great works of political science.

MILITARY & FOREIGN POLICY

Nothing Less than Victory: Decisive Wars and the Lessons of History by John David Lewis
John David Lewis shows how victorious military commanders achieved long-term peace by identifying the fundamentals of the enemy’s ideological and social support for a war and then striking at this support destroying the enemy’s will to fight.

Winning the Unwinnable War ed. Elan Journo
America’s self-crippled response to Islamic totalitarianism.

What Justice Demands: America and the Israeli-Palestinian Conflict by Elan Journo

Failing to Confront Islamic Totalitarianism: From George W. Bush to Barack Obama and Beyond by Onkar Ghate and Elan Journo

MONEY

Gold & Liberty and Breaking The Banks by Richard Salsman
Along with George Reisman, Professor Salsman is the leading Objectivist economist of today.

MONOPOLIES & ANTITRUST

The Abolition of Antitrust by Gary Hull (ed.)
Essays on the economics, history, and morality of antitrust.

Antitrust Policy: The Case for Repeal by D.T. Armentano
Why antitrust laws are anti-competitive, incompatible with liberty and should be repealed.

POLITICS

A New Textbook of Americanism: The Politics of Ayn Rand by Jonathan Hoenig ed. 
Examines the application of the principle of individual rights to various issues in the 21st century.

PHILOSOPHY

Objectivism: The Philosophy of Ayn Rand by Leonard Peikoff
Ayn Rand’s philosophy is the best defense of Capitalism, because she takes the offensive by reframing the question on rational premises. OPAR is the best presentation of her philosophy by her greatest student. The chapter on Capitalism is one of the best elaborations and defenses of laissez-faire I have read. Required on every capitalist’s bookshelf.

A Companion to Ayn Rand (Blackwell Companions to Philosophy) ed. Allan Gotthelf & Greg Salmieri
An academic examination of Ayn Rand’s ideas on a variety of topics. The chapters on government, markets, capitalism, and objective law will be of special interest to students of capitalism.

SOCIALISM

Socialism by Ludwig Von Mises
Professor Mises explains why any attempt to implement socialism will always lead to the destruction of capitalism and civilization.

WELFARE-STATE/SOCIAL SECURITY

Rooseveltcare: How Social Security is Sabotaging the Land of Self-Reliance by Don Watkins
This elegantly written book, explains how the entitlement-welfare state is destroying our hope for the future. The definitive case for gradually abolishing social security and the welfare state.

Wealth, Poverty and Politics by Thomas Sowell