Selected Papers and Responses from the Past:

  • Ethical Underpinnings of Capitalism

© R. McGarvey, 2004 white paper

“The free-enterprise version of capitalism is facing a variety of ethical challenges that could radically change the shape of the global capitalist system in future…” read more

  • The Ethics of Free Markets

© R. McGarvey, 2005 white paper

…”In 2003, some of the biggest investment banking firms on Wall Street reached a $1.4bn out of court settlement with the SEC and the State of New York. And while the firms admitted to no wrongdoing, the settlement alleged that during the stock market boom of the 1990’s these major investment-banking firms essentially conspired with their largest fee generating investment-banking customers to the detriment of investors.” read more

  • Capitalism, a Positive Moral Force

    © R. McGarvey, 2005 white paper

“Of all the many misperceptions surrounding capitalism nowadays, perhaps the most enduring is the widespread acceptance of its ethical inadequacy. Arguments on the subject generally go something like this: capitalism, although now reluctantly accepted as being more productive, is immoral because it brings out the worst in people, pitting individuals and corporations against one another in an endless competitive struggle. Socialism on the other hand (despite its obvious failings as a wealth generator) is still considered morally superior in the sense that it is seen as promoting harmony and human cooperation.” read more

  • Hobart Paper, Liberty and Change

    © R. McGarvey, 1992

“The purpose of the Hobart Paper is to present a liberal theory of change; to chart the inter-related development of capitalism and democracy as part of a larger dynamic process inherent in Western society.” read more

  • The Creation of a Civil Economy in Russia (Economic Research Council, UK)

    © Robert McGarvey and Tony Baron, 1993 read more