Professor Philip Booth writes for CapX
Philip Booth, Senior Academic Fellow at the Institute of Economic Affairs, has written an article for CapX on the moral case for free markets.
Good policy depends on a well-informed population. The contribution of business to the formation of the intellectual climate is important. Businesses have a social responsibility to ensure that they do not promote policies that lead to increased regulatory protectionism to reduce competition and, it can be argued, to ensure that the population in general – and opinion formers in particular – understand the importance of a free economy.
To that end, the IEA is sending our educational text, ‘An Introduction to Capitalism’ to all FTSE 350 CEOs today, to help encourage them to make the moral and intellectual case for free markets. After all, it is the process of globalisation and the development of something closer to a market economy that has promoted global prosperity. It is inhibitions on the operation of the market economy at home that means that income growth is stalling. Those who really care about the wellbeing of the people should be making that case.
Read the full article here.
Further Reading: An Introduction to Capitalism