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The Folklore of Capitalism - Softcover

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9781587980251: The Folklore of Capitalism

Synopsis

The basic premise of the book is that the thinking man, after learning the proper lessons of history, chooses wisely between Capitalism, Communism, and Fascism--provided he doesn't let emotion sway his reason or listen to the blandishments of demagogues.

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From the Publisher

Written in 1937 when the Thurman W. Arnold was a law professor at Yale, the Folklore of Capitalism is a puckish but serious critique of what he saw as the myths of capitalism. Summing up his book in the Preface, the author said, "By the folklore of capitalism I mean those ideas about social organizations which are not regarded as folklore but accepted as fundamental principles of law and economics." The book, which satirizes many beliefs of American laissez-faire society, was a best-seller and brought Mr. Arnold national attention.

About the Author

Thurman W. Arnold, the New Deal’s chief trust buster and one of Washington’s most eminent lawyers, was born in Laramie, Wyoming in 1891. He entered Princeton at 16, graduating Phi Beta Kappa in 1911 and earning a law degree from Harvard in 1914. He lead a colorful life. He was a homesteader, sheep rancher, Mayor of Laramie and a Yale law professor. He took time out at Yale to serve in Franklin D. Roosevelt’s Administration. In 1943, Mr. Arnold was appointed to the United States Court of Appeals for the District of Columbia. He quit the bench after two years because "I’d rather speak to damn fools than listen to them." Subsequently, he established the prestigious law firm of Arnold, Fortas and Porter , which was reorganized in 1965. He died in 1969.

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  • PublisherBeard Books Inc
  • Publication date2000
  • ISBN 10 1587980258
  • ISBN 13 9781587980251
  • BindingPaperback
  • Number of pages424
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