Capitalism and the Family

Release Date
June 3, 2011

Topic

Free Markets and Capitalism
Description

Prof. Steve Horwitz discusses the relationship between capitalism and the family. Prior to capitalism, the primary purpose of families was production. Capitalism was the first economic system to enable individuals to form various types of associations, generating a more dynamic cultural evolution. The result of this process was a more moral and free family structure. The role of the family is not set in stone, as it continues to evolve in modern times.