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This study of the merits of different economic systems combines economic criteria of success with a philosophically sophisticated analysis of ethical foundations and moral justification. Professor Haslett analyzes unadulerated capitalism and centrally-planned socialism, and argues that despite the fall of socialism the deep feelings of moral discontent that many have with capitalism remain as strong as ever. He considers economic systems from a moral as well as an economic standpoint, considering criteria such as freedom, justice and equal opportunity, as well as standards of productivity, growth and employment levels. He concludes by outlining and defending an alternative system, which attempts to avoid the moral deficiencies of current capitalism without abandoning capitalism itself and its traditional strengths.