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New Schumpeter Book

In the tradition of the Reader’s Digest condensation of F.A. Hayek’s The Road to Serfdom, Joseph Schumpeter’s Can Capitalism Survive? is coming out on September…

Subsidies and Bailouts

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Rose Friedman, 1910-2009

Rose Friedman died today after a life well lived. Sincerest condolences to her family and friends from all of us at CEI.

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Robert Novak, RIP

Robert Novak was a fine man and a great reporter. I feel lucky and honored to have known him. He was persistent, tireless, and incredibly…

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R.I.P. Bob Novak: 1931-2009

We have recently learned about the passing of esteemed columnist Robert Novak.  Kenneth Tomlinson has a column paying tribute to Novak…

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The Long Odds of Voting

A new NBER working paper finds that "On average, a voter in America had a 1 in 60 million chance of being decisive in the…

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Money Is Not Wealth

Money is a unit of measure, like a mile or a ton. But it is not itself wealth. Zencey’s confusion is itself an example of…

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As Long As It’s Free

Call it capitalism or free enterprise; to me it doesn’t matter as long as it’s free. But indeed, for full impact in convincing those on…

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“Markets fail. Use markets.”

At EconLog, Arnold Kling knocks down a favorite leftist straw man: the infallible market. By citing suboptimal outcomes that result from market transactions, such…