


I made my debut at Law & Liberty today, reviewing the new book In Defense of Capitalism by Rainer Zitelmann. NR makes an appearance:
Zitelmann’s conclusion, in some ways, echoes Ludwig von Mises’s in his 1956 book The Anti-Capitalistic Mentality. Mises essentially concluded that opposition to capitalism is a psychological problem, one that especially affects intellectuals and artists, who are often frustrated by career failure. Mises’s explanation is unsatisfying, and his book was described as “profoundly and dreadfully false” by Whittaker Chambers in a letter to William F. Buckley, Jr. after National Review ran a review that Chambers thought was too positive.
I argue that Hayek’s theory about the “atavism of social justice” better explains hostility to free markets.
Zitelmann’s book is an engaging work of history with original research about people’s attitudes towards free markets. You can read my full review here.