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OpenMarket: Morality of Capitalism

  • New Civil Liberties Alliance Sounds Alarm on Unconstitutional Government

    April 25, 2019
    The New Civil Liberties Alliance hosted a very interesting event this week, as part of its “Lunch and Law” speaker series, featuring remarks by Hudson Institute Distinguished Fellow Chris DeMuth and American Enterprise Institute Senior Fellow Peter Wallison.
  • Insights from James Otteson's 'Honorable Business'

    April 22, 2019
    I’ve been reading a new book on business ethics, “Honorable Business: A Framework for Business in a Just and Humane Society,” and it has some excellent observations about the practice of buying and selling.
  • VIDEO: Johan Norberg on Resource Scarcity vs. Abundance

    April 19, 2019
    It’s an old argument: as population increases and we use up more of the earth’s natural resources, everything is become more scarce. Soon the pressures of so many billions of human beings on the planet will cause a crisis—maybe even a collapse of civilization. It wasn’t an entirely novel theory even back when Rev. Thomas Malthus made it in 1798, and it didn't get any fresher when Paul Ehrlich made it in 1968, but for some reason it keeps scaring the pants off of many otherwise reasonable people.
  • New Study: The Case against Antitrust Law

    April 17, 2019
    Antitrust regulation is a complex, multifaceted issue. It brings together insights from law, economics, political science, history, philosophy, and other disciplines. Right now both political parties are ramping up their antitrust rhetoric, and it will likely be a live issue throughout the 2020 election cycle. A working understanding of how antitrust regulation works is important for understanding why it works so poorly, and should ultimately be abolished.
  • Americans Optimistic about Role of Tech and Platforms

    April 12, 2019
    At a time when big tech companies are being attacked over bigness, privacy, elections, and the ordering of their news feeds, the Charles Koch Institute has some good news. While we all have plenty of complaints, Americans also have a lot of good things to say about the platforms, websites, and apps that they use every day.
  • Report from Nation's Broken Places: Review of Tim Carney's 'Alienated America'

    April 5, 2019
    Tim Carney’s new book on social alienation and U.S. politics, “Alienated America: Why Some Places Thrive While Others Collapse,” raises the bar for Trump-era political analysis. Building on recent research on economics and civic life from various sources, Carney presents an incisive analysis of The Donald’s 2016 campaign that redefines who supported the 45th president and why.
  • Sharing Economy Is Opposite of Servant Economy

    April 4, 2019
    In a bleak take on the sharing economy, Atlantic writer Alexis C. Madrigal says it has created a “servant economy,” where sharing economy platforms provide “low-paying work that deliver on-demand servant services to rich people.” He likens this to the domestic service prevalent before the Second World War. This take gets things almost completely backwards.
  • VIDEO: What Do Entrepreneurs Actually Do?

    March 29, 2019
    Our friends at the Foundation for Economic Education have a new video that gives a great short introduction to entrepreneuship, and what businesspeople actually do when they start a new venture. 
  • VIDEO: Building a Living on eBay

    March 22, 2019
    At a time when socialism seems determined to crawl back from the dustbin of history, it can be a challenge defending the moral legitimacy—and humanity—of a capitalist economy. Efforts like that of my colleagues Fred Smith and Ryan Young are certainly welcome, as is new research from academics like Prof. James Otteson. It’s especially nice, however, to also see individual businesspeople telling their own stories of hard work and success.
  • VIDEO: Deirdre McCloskey on "Bourgeois Dignity"

    March 8, 2019
    Given that it is International Women’s Day and almost CEI’s 35th anniversary, today is an excellent day to celebrate the impressive legacy of economist (and winner of CEI’s Julian Simon Award) Deirdre McCloskey. An impressive multi-disciplinarian who taught at the University of Illinois in the departments of economics, history, English, and communication, she is best known today for her trilogy of books on the “the bourgeois virtues” and how those virtues made global capitalism (and eventually, global prosperity) possible.

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