Capitalism

"George Reisman was a student of both Ludwig von Mises and Ayn Rand. Yet, Reisman's Capitalism discusses few typically Austrian or Objectivist themes. Amazingly, in a more than 1,000-page book, ostensibly influenced by both Human Action and Atlas Shrugged, there is no index entry for entrepreneurship. Nor will one find entries for the market process, subjective value, or evolution. Austrian business-cycle theory and welfare economics are unexpectedly under-represented. This list of lacuna is brought forward not as criticism, but to emphasize that, particularly in its most original aspects, Capitalism stands somewhat apart from any school or living tradition. Mises and Rand have influenced Capitalism, but surprisingly, Reisman's greatest influences are Adam Smith, David Ricardo, and John Stuart Mill."