Book Review: “Why Capitalism” by Meltzer

In a complex world, discovering causality is very difficult. Many things happen simultaneously, and post hoc ergo propter hoc reasoning is a common fallacy that is hard to detect and critique. Here is how I understand Meltzer’s arguments. Meltzer defines Capitalism as private ownership of means of production, and free enterprise with minimal government regulations. … Continue reading »

Posted December 16, 2020 by Asad Zaman in Blogs