Tag: Atlas Network

The Morality of Business Enterprise

John Mackey, co-founder and co-CEO of a substantial wealth-creating business enterprise, explains the moral significance of business.  A longer interview with Mackey, along with other thinkers, can be found in The Morality of Capitalism, available here.  (The book is being distributed by the Atlas Network and Students for Liberty.)

The Morality of Profit

The free market needs and deserves a moral defense. Cato senior fellow Tom G. Palmer delivers part of that defense, regarding economic profits, in a new video:



This is an installment in a series entitled “The Morality of Free Enterprise,” a joint project of the Atlas Economic Research Foundation, where Palmer serves as the vice president of international programs, and the John Templeton Foundation.

Palmer is also the director of Cato University; so if you’d like to hear more from him, we hope you’ll register today and join us July 24-29 in historic Annapolis, Maryland for our annual summer seminar on political economy. Students may also apply for a scholarship.

Excellent Video Channeling Bastiat

Tom Palmer of the Atlas Network has a very concise – yet quite devastating – video exposing the Keynesian fallacy that the destruction of wealth by calamities such as earthquakes or terrorism is good for economic growth. Tom cites the work of Bastiat, who sagely observed that, “There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.” As you can see from the video, many who pontificate about economic matters today miss this essential insight.

I can’t resist the opportunity to also plug a couple of my own videos that touch on the same issues. Here’s one on Keynesian economics, one on the failure of Obama’s faux stimulus, and another on the policies that actually promote prosperity.