Abhijit Verma from Financial Express misattributes Alan Greenspan quote to Ayn Rand

Mar 15, 2024 · By Dennis Hackethal · Forked from Atlas Society misattributes Alan Greenspan quote to Ayn Rand · Fork · Check another quote

Original text

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtues, not of vices.
Alan Greenspan in Ayn Rand’s Capitalism: The Unknown Ideal (p. 130). Penguin Publishing Group. Kindle Edition.

Quote text

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtues, not of vices.
https://www.financialexpress.com/business/industry-reclaiming-the-goodness-of-capitalism-3390093/
No use of ellipsis indicated, falling back to default ‘[...]’ if necessary.
✓ No issues found using regular expression . and Myers algorithm.

Notes

The quote is correct in form but Greenspan said that, not Rand. The quote is from an essay titled ‘The Assault on Integrity’ by Alan Greenspan. The essay is in turn featured in the book Capitalism: The Unknown Ideal, which contains essays by Ayn Rand, Nathaniel Branden, Robert Hessen, and, as noted, Alan Greenspan. Verma writes: “Ayn Rand, the famous objectivist of the last century, wrote in her collection of essays The Unknown Ideal.” No, Greenspan wrote it, and the book title is wrong, too.

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