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The Indivisibility of Economic and Political Freedom 23
The Rational Versus the Anarchic Concept of Freedom 23
The Decline of Freedom in the United States 26
The Growth of Corruption as the Result of the Decline of Freedom 26
3. Capitalism and the Origin of Economic Institutions 27
4. Capitalism and the Economic History of the United States 28
5. Why Economics and Capitalism Are Controversial 31
The Assault on Economic Activity and Capitalism 31
The Prevailing Prescientific Worldview in the Realm of Economics 32
Economics Versus Unscientific Personal Observations 32
Economics Versus Altruism 33
Economics Versus Irrational Self-Interest 34
Economics Versus Irrationalism 35
6. Economics and Capitalism: Science and Value 36
Notes 37

CHAPTER 2. WEALTH AND ITS ROLE IN HUMAN LIFE
1. Wealth and Goods 39
2. Economics and Wealth 41
3. The Limitless Need and Desire for Wealth 42
Human Reason and the Scope and Perfectibility of Need Satisfactions 43
Progress and Happiness 45
The Objectivity of Economic Progress: A Critique of the Doctrines of Cultural Relativism
and Conspicuous Consumption 		46
The Objective Value of a Division-of-Labor, Capitalist Society 48
4. The Law of Diminishing Marginal Utility and the Limitless Need for Wealth 49
5. Applications of the Law of Diminishing Marginal Utility 51
Resolution of the Value Paradox 51
Determination of Value by Cost of Production 52
Determination of Consumer Spending Patterns 52
Say's Law 53

-x-

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Publication Information: Book Title: Capitalism: A Treatise on Economics. Contributors: George Reisman - author. Publisher: Jameson Books. Place of Publication: Ottawa, IL. Publication Year: 1990. Page Number: x.
    
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