Post by Institute of Economic Affairs - London

🇬🇧 Britain is losing faith in capitalism. Consecutive governments have presided over more than a decade of stagnant growth — and the defenders of free markets have gone largely silent. But has anyone actually made the moral case for capitalism? Not just the efficiency case. The moral one. The case for free markets has long rested on efficiency arguments alone. But the moral foundations — voluntary exchange, property rights, individual dignity — have been left largely unargued. Critics filled the vacuum. Business stayed silent. Sections of the church joined the opposition. The moral case for free markets went unanswered. That ends here. On Morality, Human Behaviour and Economics brings together eleven economists, philosophers and theologians — drawing on Adam Smith, Hayek and Mandeville, as well as the teachings of Islam, Christianity and Judaism — to reclaim the moral terrain that classical liberals have ceded by default. Edited by Juan Castañeda and Lord Kamall, and published today by the IEA and the Vinson Centre at the University of Buckingham. Read it for free here: https://lnkd.in/erpE_4tD