• 00:01    |    
    Initial credits
  • 00:20    |    
  • 01:37    |    
    Ayn Rand's essay "What is Capitalism?"
    • Scientific and humanistic fields
    • Study of political economy
    • Idea of capitalism
    • Studying the allocation of resources
    • Origin of economic concepts
    • Capitalism is misunderstood
  • 10:47    |    
    Understanding the nature of human beings
    • The rational animal
    • Human thought
    • Political social system and human productivity levels
    • Rationality and the problem of survival
  • 16:39.299999999999954    |    
    • Productivity
    • Root of capitalism
  • 19:19.5    |    
    • Freedom of thought
    • Compelling people's actions
    • Rational thought
    • Physical force
  • 25:09    |    
    Individual rights
    • Noninterference
    • Basis of a free society
    • Right to life
    • Right to property
    • Right to free speech
  • 32:16    |    
    Freedom-based social system
  • 33:53    |    
    Individual sovereignty
  • 34:37.5    |    
    Banning force from human interactions
    • Initiation of force and force as retaliation
    • Limiting government
  • 38:54    |    
    How can the case of Chile be explained in the context of Ayn Rand's ideas?
    • Production in other social systems
      • Soviet Union
      • Slavery in America
      • Augusto Pinochet's regime
    • Controls and productivity growth
    • Long-term stagnation
    • Progression as part of life
  • 45:06    |    
    Misunderstanding the concept of rights
  • Rights as positive obligations for others
  • 48:54    |    
    Voluntary society
  • 50:29    |    
    Social system that upholds individual rights
  • 50:49.5    |    
    Question and answer period
    • According to Ayn Rand, there are basically three rights that human beings are entitled to.
      • Right to life
      • United States Constitution
      • Debate on the Bill of Rights
      • Ninth Amendment to the United States Constitution
      • Violation of property rights
    • Why can't anything be done about presidential violations of the Constitution?
    • Philosophy of a culture
    • Has there been a philosophical change regarding yesterday's presumption of liberty and rights and today's presumption of permissions?
      • Idea of the collective
      • Dependence
      • Parasitic or independent people
      • Individual's are primary
    • Capitalism and philosophy
      • Capacity to know reality
      • Objective value
      • Intrinsicism
      • Subjectivism
      • Philosophical defense of capitalism
  • 01:18:09    |    
    Final credits

Ayn Rand on Capitalism

New Media  | 04 de abril de 2009  | Vistas: 248

About this video

In this lecture, Eric Daniels explores Ayn Rand's thoughts on capitalism, which, as she points out, is often misunderstood even by those who defend it. According to Rand, understanding capitalism involves more than the study of the allocation of resources; it requires asking questions about the nature of human beings. Daniels explores several topics including freedom, individualism, collectivism, and productivity under different social systems. He explains that capitalism may be defined as the system in which all human action is voluntary. Daniels also delves into the fundamental differences between rights that are inherent and permissions that are granted. Echoing Rand's call to “discover” capitalism, Daniels emphasizes the importance of understanding this much maligned system.


Ayn Rand on Capitalism
Eric Daniels

Business School, EN-601
Universidad Francisco Marroquín
Guatemala, April 4, 2009

New Media - UFM production.  Guatemala, April 2009
Camera: Sergio Miranda, Mynor de León; digital editing: Adrian Méndez; index and synopsis: Sergio Bustamante; content reviser: Daphne Ortiz; publication: Mario Pivaral / Carlos Petz


Eric Daniels is research assistant professor at Clemson University’s Institute for…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín