This chapter talks about Ayn Rand's distinctive view of the philosophical roots and meaning of the events of her time ‐ especially the events of the 1960s and 1970s when she was most active as a commentator on current events. It begins with a section on Rand's political writings and activism in the 1930s and (especially) 1940s, which is followed by Rand's essays that provide a broad philosophical and historical context for the issues facing the world. While the third section (...) deals with antitrust and censorship which according to Rand were as the most pressing issues, the fourth discusses the Kennedy administration. The fifth section analyzes the brokering deals between pressure groups by the Johnson and Nixon administrations. Then, Rand's writings focus on the unprincipled nature of American foreign policy, especially during the “Cold War”. Her writings also cover the civil rights, feminist, New Left and Libertarianism movements. (shrink)

The ancient lawgiver Solon of Athens left norms of proper conduct that carry important ethical implications for all manner of human affairs, including commercial activities and the pursuit of wealth. In his extant poetry, he emphasizes the strong connections between individual virtue and its consequences in the social and political sphere. In considering the proper means of obtaining material wealth, he describes multiple ways to earn a living and connects them to proper intellectual and ethical dispositions through a concept of (...) justice. This focus on virtue establishes a long-range ethics that is based on a principle of justice, demands rational intellectual activity, and carries implications for everyone’s self-interest. Solon’s concern for matters of virtue, the proper means of attaining wealth, and the need for long-range awareness of consequences offers a valuable point of historical focus for our own examinations of business ethics today. (shrink)

Claims that a man-made global warming catastrophe is imminent have two major aspects: the scientific support offered for the claims, and the political proposals brought forth in response to the claims. The central questions are whether non-scientists should accept the claims themselves as true, and whether they should support the political proposals attached to them. Predictions of a coming disaster are shown to be a-historical in both the long term and the short term, to involve shifting predictions that are contrary (...) to evidence, and to be opposed by many scientists. The political proposals to alleviate this alleged problemare shown to offer no alternative to fossil fuels, and to portend a major economic decline and permanent losses of liberty. The anthropogenic global warming claims are largely motivated not by science, but by a desire for socialist intervention on a national and a global scale. Neither the claims to an impending climate catastrophe nor the political proposals attached to those claims should be accepted. (shrink)

The question of what constitutions should do is deeply connected to what constitutions are. In the American founding conception, a constitution was a fundamental law, hierarchically superior to the decisions of the legislature, and intended to act as a restraint on legislative action. Despite the massive gulf between the ancient Greeks and the Americans, classical Athens offers an important lesson about how the failure to recognize fundamental laws can lead to catastrophic consequences. The evidence suggests that the Athenians understood the (...) need for conceptual, procedural, and institutional distinctions between the fundamental laws and the more specific decrees of the governing institutions. The Athenian and American experiences also suggest that certain philosophical positions conditioned their understanding of their fundamental laws, and guided the practices that followed from that understanding. (shrink)

In the Poroi, Xenophon's radical solution to Athens' financial problems includes several ideas vital to the field of political economy. His identification of justice with the pursuit of wealth provides an alternative to the power politics that for half a century had taken Athens into a series of self-destructive imperial wars. He supports his idea of economic growth with arithmetic calculations, and he connects the results to traditional Greek views of public rewards and benefits. From this he crafts a goal-directed (...) strategy for economic growth designed to foster good will through incentives rather than coercion. This brief commentary on the text shows how Xenophon's positive claims are based not on a modern demand-side conception of economic stimulation, but rather on building productive capital. He is a proto-Saysian, not a Keynesian. Xenophon's proposals range beyond the polis into a pan-Hellenic vision of increasing trade that is centred on Athens, monetized with Athenian coinage, and idealized into the common peace that the Greeks had so long desired but so little achieved. (shrink)