Economic Affairs, where his publishing program was one of the principal influences on governments all around the world, persuading them to liberaliee their economies. "The Virtues of Capitalism", the inaugural volume in Liberty Fund's Collected Works of Arthur Seldon, presents the foundation of Seldon's views and theories of capitalism and its alternatives. Entitled "Corrigible Capitalism; Incorrigible Socialism", part one of "The Virtues of Capitalism" was first published in 1980. It explains why, Seldon believes, 'private enterprise is imperfect but redeemable', but the state economy promises the earth, and ends in coercion to conceal its incurable failure. The second part, 'Capitalism', is widely considered to be Seldon's finest work. It covers a wide range of the classical liberal thought that inspired the movement toward free-market reforms in Great Britain in opposition to the collectivist tide of socialism. In an understandable and eloquent manner, Seldon offers 'Capitalism' as a celebration rather than a defence of classical liberalism.
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Colin Robinson was a business economist for 11 years. He was then appointed to the Chair of Economics at the University of Surrey in Guildford where he founded the Department of Economics and is now Emeritus Professor. For many years he has been associated with the London-based Institute of Economic Affairs, and from 1992 to 2002 he was the IEAs Editorial Director.
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