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On Saturday, I wrote a piece entitled What is labour was not a cost? It generated a lot of comments, including one noting that I had Read the full article...
Capitalism is an economic system characterized by the concentration of the means of production in private ownership. They are exploited exclusively to make a profit. Investments, p...
Capitalism is the greatest wealth creator ever invented. It does have winners and losers. Those who do what they do very well prosper. Those who are not as successful as they might...
We should embrace capitalism.
Readers respond to Aditya Chakrabortty’s article about the closure of the Vauxhall plant The closure of the Vauxhall plant in Luton is not the failure of capitalism but its success...
Capitalism comes in many flavors. Sadly, the neoliberal one that has become dominant is particularly rancid.
Has capitalism failed? Or is the real problem with the particular form of capitalism that has dominated Britain and much of the Western world since Read the full article...
Editors at Issues and Insights ask why capitalism’s defenders never seem to have money to defend the free-enterprise system. The political left seems to have unlimited funds to spr...
Among philosophical dilettantes, it’s fashionable to misrepresent the likes of Plato as antidemocracy thinkers. This could be no farther from the truth. For those of us who had the...
In a new paper, Brennan and Freiman argue persuasively that: the arguments against laissez-faire capitalism apply in a rather straight way against laissez-faire democracy. This sho...
James Rowell, Providence Are you a Christian or are you a Capitalist? The rising appeal of Democratic Socialism is a response to current inequality, as we seem forced to choose b...
The federal government is no longer just regulating American companies. It is becoming a shareholder in them. That may be a smart national-security strategy. It may even produce a...
Last time, we considered whether Bob really is always exercising free choice in the (fictitious) Free Market.™ Today, we consider Bob's situation when he does have choices and has...
The index is not a market mover, but it supports the case that wealth flows toward jurisdictions with strong property rights and open capital markets, which favours established hub...
@ Phil, I think we're closer on this. My background is Physics and Electronics so I sometimes struggle a bit with Economics terminology. I would put it that trade is about swap...
People are not puppets responding to the string pulls of market forces — free enterprise gives us agency
Who really creates wealth in our economy? Is it the people who own businesses, property and financial assets, or the people who actually do the Read the full article...
Government ownership of private companies threatens American prosperity.
Jan Bentz, The Acton Institute Modern economics tends to understand itself as a discipline that has left behind the theological presuppositions of its own emergence. It operates i...
5o years ago, economist Milton Friedman was awarded the Nobel Prize in economics. Friedman distinguished himself with his belief in free-market capitalism with minimal government...
The expansion of digital platforms has generated new forms of labour. Christian Fuchs argues that users of social media platforms contribute to the creation of economic value throu...
Milton Friedman's monetarism is Keynesianism’s something-for-nothing variant.
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