Ayn Rand

Ayn Rand was a 20th-century philosopher and novelist (author of Atlas Shrugged and The Fountainhead) whose philosophy of Objectivism championed rational self-interest, laissez-faire capitalism, and the heroic individual entrepreneur. Her ideas influenced economic and political discourse, particularly around the celebration of the businessperson as a heroic creator of value.

Claims that use this term

• A non-Chicago, Ayn Rand acolyte rose to head the Federal Reserve
• Schumpeter rejected the Ayn Rand heroic-entrepreneur view of economic progress