Ayn Rand¿s ¿Capitalism: The Unknown Ideal¿

This book discusses the concepts in Ayn Rand¿s ¿Capitalism: The Unknown Ideal¿. Ayn Rand¿s 1962 text ¿Capitalism: The Unknown Ideal¿ is important in the fields of philosophy and economics, it introduces the readers, or reminds the readers, what the true essence of capitalism is and not that, which has been misunderstood and construed with economic and political misconceptions. For Rand, and others, who follow the ideals of libertarianism and objectivism, capitalism is the only system, which allows for the freedom of man¿s rational nature and its ruling principle is justice. True capitalism is actually a social system based on the principle of individual rights and is not to be confused with the capitalist constructions developed during the industrial ages, which saw the development of ¿wage slaves¿ to the owners of the factories. Instead, capitalism is based on man¿s trade through free exchange and mutual benefit.