Freedom and Economic Order (Freedom and American Society, Volume 2)
by Linda C. Raeder  (Author)

About the Author
Linda C. Raeder is Professor of Politics at Palm Beach Atlantic University, West Palm Beach, FL. She is the author of numerous scholarly publications, including a monograph on the religious thought of J.S. Mill, chapters and articles on Hayek, Burke, Marx, Augustine, Voegelin, and related subjects. She received the Ph.D. in politics and American government from The Catholic University of America and serves as both associate editor of the academic journal Humanitas (Washington DC) and senior fellow at the James Madison Institute in Tallahassee. In 2017 she was recipient of the Charles and Hazel Corts award for outstanding teaching.

About this book
Freedom and Economic Order is the second of three volumes comprising a comprehensive study of Freedom and American Society. Volume II examines the relation of freedom to the economic arrangements of society. It examines capitalism and the market process; socialism and the planned economy; the Marxist critique of capitalism; and the conceptions of justice and social justice correlative to capitalism and socialism, respectively.

Brief contents
6. Economics: The Knowledge Problem 1
    The Economic Problem 3
    Capitalism: The Price System 9
    Kinds of Knowledge in Society 10
    Essential Conditions of a Market Economy 16
    Subjective Value 22
    Kinds of Order in Society:
    Spontaneous Order and Organization 24
7. Capitalism: The Market Process 34
    The Ordering Principle of the Market 35
    Capital 37
    The Language of Price 39
    Price Formation 42
    Further Price Considerations 45
    The Market Process in Action 50
    Surplus and Shortage 56
    The Invisible Hand 60
    The Determination of Income 65
    The Broken Window Fallacy 73
8. Socialism: The Planned Economy 81
    Central Planning 84
    Planning Without Prices 90
    The Pretense of Knowledge 97
    The Mixed Economy 100
    Socialism and Democracy 104
    Fascism 107
    Crony Capitalism 108
9. The Marxist Critique of capitalism 115
    The Marxist Critique 119
    Dialectical Materialism and Alienation of Labor 124
    Marx’s Labor Theory of Value 128
    The Function of the Capitalist 131
    Selfishness, Greed, Materialism 139
10. Justice vs. Social Justice 147
    Justice and Capitalism 148
    Justice and Equality 150
    The Demand for Desert-Based Justice 154
    The Morality of Private Property 161
    Justice and Socialism:
    Social or Distributive Justice 165
    Consciousness as “Epiphenomenon” 170
    The Redistribution of Wealth 175
    The Funding of Government 179
    The Ethics of Redistribution 185
    Altruism 188
    The Demand for Social Justice 191
    Social Justice in Practice 193
    Social Justice and Freedom 196
    Social Justice versus Justice  200
Bibliography 214

Series: Freedom and American Society (Book 2)
Pages: 234 pages
Publisher: CreateSpace Independent Publishing Platform (April 2, 2017)
Language: English
ISBN-10: 1544890907
ISBN-13: 978-1544890906