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The Maverick: Dispatches from an unrepentant capitalist by Luke Johnson

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5. Economics

A Philosophy of Capitalism

It seems odd that there are so few intellectual works which deal with the philosophy of capitalism. There are millions of words written annually on the mechanics of business, but virtually none on the ultimate purpose of it all. Where is the metaphysical justification for the toil and effort? Is the rat race an exercise in futility? In the last hundred years it has become the dominant creed almost everywhere, replacing religion, Marxism and the like – yet there are almost no texts that rationalize why men strive so hard to build enterprises.

Why is it important for those engaged in accumulating wealth to think about the deeper principles underlying their daily work? Why trouble themselves about the ...

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