George Reisman

George Reisman

George Reisman’s book Capitalism: A Treatise on Economics is arguably the greatest treatise on economics ever written and the most compelling and comprehensive treatise advocating capitalism.

His book is at once an introductory, intermediate and advanced text on economics and also provides a wealth of information and insight on contemporary economic and political topics.

Reisman integrates truths previously discovered by other writers with numerous original contributions made by Reisman himself. Within economic theory, the book integrates leading ideas of the Austrian school with doctrines of the British classical school. It further integrates this material with essential elements of Ayn Rand's philosophy of Objectivism.

On the foundation of these integrations, Reisman develops numerous major, original contributions that the book presents on the subjects of profits, wages, saving, capital accumulation, aggregate economic accounting, monopoly, and natural resources, among other subjects. Based on the same foundation, the book presents powerful critiques of Marx, Keynes, the pure-and-perfect competition doctrine as well as environmentalism.

In his book, Reisman consistently demonstrates the natural harmony of the rational self-interests of all individuals under capitalism—of businesspeople and wage earners, of consumers and producers, of people of all races and nationalities, including immigrants and the native born, and of competitors of all levels of ability—harmony most will find astonishing, given the current misunderstandings of capitalism.

Capitalism: A Treatise on Economics is online and available free here.