The Objective Standard Blog

Monday, January 7, 2008

The ‘Market Failure’ Fallacy

Posted by ARI Media at 8:52 pm

Who: Dr. Brian Simpson, associate professor and chair of the Department of Management and Marketing at National University in San Diego and speaker for the Ayn Rand Institute

What: A talk and Q & A arguing against the notion of "market failure" and defending the moral and productive value of capitalism

Where: Hilton Costa Mesa, 3050 Bristol Street, Costa Mesa, CA  92626

When: Thursday, January 31, 2007, at 7:30 PM

Admission is FREE.

Description: In contemporary economics textbooks there is typically at least one chapter devoted to the topic of "market failure," where it is claimed that capitalism leads to undesirable results, such as the creation of monopolies, harmful environmental effects, and an unjust "distribution" of income. In this talk, Dr. Brian P. Simpson attacks the notion of "market failure," arguing for the moral and productive superiority of capitalism, the immorality and destructive economic consequences of environmentalism, and the need to integrate economic analysis with Ayn Rand’s revolutionary moral theory of rational egoism in order to properly defend capitalism.

Bio: Dr. Simpson is an associate professor and chair of the Department of Management and Marketing at National University in San Diego, where he has been teaching economics since 2002. He has published in peer-reviewed journals, made presentations at scholarly conferences, and created a minor in economics with a focus on free-market economics and Objectivist philosophy. He is the author of the book Markets Don’t Fail!

For more information on this talk, please e-mail events@aynrand.org.

Copyright © 2007 Ayn Rand® Institute. All rights reserved.

Posted in: Business and Economics, Events, Individual Rights and Law