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Specializing in the morality, practicality, and political economy of capitalism

Welcome

As a pupil, I study capitalism closely, rigorously, and comprehensively, in its many dimensions. As a professor, I publish, teach, lecture and debate on all aspects of political economy, with a focus on capitalism. As a practitioner, I analyze, model, and forecast business cycles and capital markets, to guide investment professionals.

I am a capitalist not only as an investor of capital but also as a proponent of capitalism. I consider capitalism to be the most rational, moral, liberal, practical, and sustainable social system. It is based on individual rights, including private property rights, and is, demonstrably, the system of liberty – whether civil, political, or economic. Capitalism is sustainable because it’s practical, practical because it’s moral, and moral because it’s rational. But capitalism cannot survive without solid, positive arguments in its favor. Capitalism is surely controversial, because it counts on and rewards rational egoism, but this is also the ethic that makes it go, makes it thrive, and makes it survive.

Richard M. Salsman, Richard Salsman

At this website I provide a source for important and inspirational ideas pertaining to capitalism, to help us think (and rethink) what makes sense (or not) in our fast-changing world; it’s a central locale for the vast material I’ve produced in recent decades (and will produce in future ones). Here you can also contact me and keep informed of coming works and events; feel free also to request an appearance, a visit, a talk, an interview, or a debate.

Featured Articles

Richard M. Salsman, Richard Salsman

Fiscal-Monetary “Stimulus” is Depressive

Politicians, policy wonks and pundits like to classify as economic “stimulus” the $6 trillion in recent deficit spending and Federal Reserve money creation. But subsidies for the jobless, bailouts of the illiquid and pork for cronies are purely political schemes...
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Richard M. Salsman, Richard Salsman

Ten Varieties of Anti-Capitalism

Whereas truth is singular, falsehood is multiple. When we define something, specify a principle, or explicate a theory, we must strive to get things right and avoid getting them wrong...
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Richard M. Salsman, Richard Salsman

Funding American Law Enforcement

Police, courts, and prisons comprise the bulk of public law enforcement services in America; most of them are provided and funded at state and municipal levels of government. Do these services deserve less support, more support, or different types of support?...
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Publications

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