The Spirit of Democratic Capitalism

Front Cover
Simon & Schuster, 1982 - Business & Economics - 433 pages
3 Reviews
In this groundbreaking book, Michael Novak offers one of the most significant and refreshing appraisals of capitalism in recent times. A leading neo-conservative thinker, Novak challenges the almost universal assumption that capitalism, because of the prosperity it brings, is without the moral and spiritual underpinnings of socialism. Novak argues convincingly that, in fact, by virtue of its distinctive spirit, democratic capitalism is not only pragmatically superior but morally more sound than any other system of political economy known to man. That spirit, says Novak, consists of a novel trinity: a political democracy, a market incentive economy, and a liberal, pluralistic culture. Based on respect for individual freedom, it provides a broader vision of human possibility than that offered by any other societal alternative.

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Review: The Spirit of Democratic Capitalism

User Review  - Jordan Ballor - Goodreads

This is an excellent book, full of relevant insights into the dynamism of a plural, democratic, and free social order. At points the argument could have been clearer, which is the only reason I gave it four instead of five stars. In terms of the content, this book is stellar. Read full review

Review: The Spirit of Democratic Capitalism

User Review  - Timothy Bertolet - Goodreads

While this book is a bit dated in some of its data and statistics, it is a helpful overview of the ideal of democratic capitalism over and against socialism. It is primarily a book about the theory of ... Read full review

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