In the current context of the globalization of economics and of the recent collapse of the communist alternative, it seems opportune to proceed to some ethical and philosophical evaluations of economic liberalism. With this in mind, the author undertakes a genetic, systemic, and epistemological study of capitalism, followed by a reflective review. He concludes that, while recognizing the relevance of many mechanisms, institutions, and incentives of capitalism, one cannot adopt them as ultimate norms and references for economic activity. Rather one must situate them within a larger ensemble of structures, institutions and ethical values which are more comprehensive and fundamental.
