Publisher's Synopsis
Capitalism is an economic and political system in which a nation's trade and industry are controlled by private owners for profit, rather than by the state. Capitalism has been strongly criticized on the premise that it generates more social inequality and disparity. However, although free-market economics has its highs and lows, it has been proven to be the most efficient and effective means of production in which individuals are free to pursue their own self-interest. The Efficiency of Capitalism is a collection of essays that examines the conceptual elements of free-market economics. It investigates the economic and political factors that stimulate free-market economics to remain a feasible system accessible to everyone.
