In this lesson, Dr. Ghate and Dr. Salmieri continue to explore Rand’s unique philosophical analysis of the operations of a free market, in terms both of the objectivity of knowledge and the objectivity of values. In their analysis of Rand’s essay “What Is Capitalism?” and their answers to students’ questions, they discuss capitalism as the social application of the objective theory of value, the “tribal premise” and capitalism’s opposition to that premise, anti-capitalism as anti-mind, Rand’s view of the mixed economy, and why a philosophical revolution is needed to defend capitalism.
