Cowen’s Capitalist Manifesto

Via SSRN, I have posted my review of Tyler Cowen’s beautiful love letter to big business here. The abstract of my review is below:

“In 1848, two obscure German philosophers, Karl Marx and Friedrich Engels, published a revolutionary pamphlet called ‘The Manifesto of the Communist Party.’ The Communist Manifesto, destined to become one of the most influential works of political philosophy of all time, began with these famous words: ‘A spectre is haunting Europe–the spectre of communism….’ Now, almost two centuries later, someone has finally chased down this haunting and seductive spectre and attempted to bottle her up for good. That someone is Tyler Cowen. In brief, Cowen has just published a kind of ‘Capitalist Manifesto,’ one that is even more intoxicating and liberating than Marx and Engel’s original screed. Far from the source of all things evil, Cowen explains why big business should be praised.”

About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.
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3 Responses to Cowen’s Capitalist Manifesto

  1. I would agree, based upon the details of your review, that Cowen’s Paradox does seem a little weak. As stated in the review, creative, but flimsy.

    Maybe if I read the book in its entirety I would think differently. Until then, his personification of big business does seem a little out of touch.

    Not to say I am against big business, per se. I take issue with that specific characterization of popular opinion.

  2. Craig says:

    Praise business for… convincing us that we should want exactly what they want to produce at a high-enough profit margin such that the founders/stock-holders of said firm can become rich? That’s it in a nutshell. I really never thought I needed a smartphone. I still don’t. I really never think I need half the things that American capitalism thinks I need. Consumption, consumption, consumption! Why should we praise the people who believe it’s our lifelong duty to sharpen the blades of The Big Maw?

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