ABSTRACT
This introduction presents an overview of the key concepts discussed in this book. The book proposes a radical alternative to contemporary American capitalism—a species of left-libertarianism—as an unorthodox yet pragmatic reform of the American economic system, moving beyond the dead-end squabbles between a failed conservatism and an exhausted liberalism. The argument for the economic theory recipe is divided into: a Principles section that presents the philosophical case for left-libertarianism, albeit in an informal but analytically respectable fashion, to an audience too busy with living to pay attention to developments in philosophy or analytical economics; and a Policy section that explores the nature of economic and social policy in a left-libertarian society. The book follows Friedman's example, while completely overturning his prescription by proposing a better form of capitalism that is much fairer and more efficient than incumbent conservatism or the welfare state.
