“Economist Jean-Baptiste Say and philosopher Ayn Rand had a lot in common. Both embraced Aristotle’s principle that human knowledge is derived inductively, by means of observation and logic. Both saw rational thinking and productive work as prerequisites for human flourishing. And both were revolutionaries in their fields.

“In this lecture, Richard Salsman examines and integrates key principles of Say’s and Rand’s respective systems. In grasping these ideas and making the integrations yourself, you can achieve a deeper understanding of both economics and philosophy—and, consequently, a greater capacity to achieve your goals and to protect individual rights. The integrations will also enable you to understand (or better understand) how and why economics, properly understood, is an objective science.”

Presented at TOS Con 2018.

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Richard M Salsman

Dr. Salsman is president of InterMarket Forecasting, Inc., an investment forecasting and consulting firm in Durham, N.C. and assistant professor in the program on Philosophy, Politics and Economics (PPE) at Duke University. He is the author of numerous books, chapters and articles, including Breaking the Banks: Central Banking Problems and Free Banking Solutions (1990) and A Gold and Liberty (1995), both of which were published by the American Institute for Economic Research, and The Political Economy of Public Debt: Three Centuries of Theory and Evidence (Edward Elgar Publishing, 2017). He is also a Contributing Editor for The Objective Standard.

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