in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
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One lesson socialists forgot: Price controls never work
Socialists in both parties may feel they are offering fresh solutions to today’s problems, whether it is government-run grocery stores from Democrats or…
Study
Don’t Panic: A Skeptic’s Guide to the AI Jobs Doomsday
As technology advances it has periodically bred the fear that progress will destroy jobs and livelihoods. History teaches that these fears are usually misplaced.
Blog
Free the Economy podcast: The Great Realignment with Stephen Davies
In this week’s episode we cover US companies getting hammered by tariffs, jobs that are surprisingly not getting replaced by AI,…
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Blog
CSR: Business’s Shampoo?
To the Editor, Financial Times: Gillian Tett notes the vogue among CEOs for “corporate social responsibility” (When Making Shampoo Becomes a Service to Society).
Wall Street Journal
Letter to the Editor: McDonald’s and Pepsi’s Different Response to Pressure
Holman Jenkins's "What Pepsi Can Learn From McDonald's" (Business World, Jan. 28) hits on a failure of corporate management that is far more widespread…
Wall Street Journal
The Ability to Fire People Creates More and Better Jobs
“I like being able to fire people who provide services to me.” By speaking the truth, presumptive Republican presidential candidate Mitt Romney committed the cardinal…
Blog
The Compassion of Adam Smith
It's much more fashionable to attack Adam Smith these days than to read him. Yes, he favored economic liberalism, which wasn't exactly in style in…
Townhall
The War on Lemonade
America is a country founded on entrepreneurship and free enterprise. That’s why one of its most enduring childhood traditions is the lemonade stand. It teaches…
Townhall
Fred Smith on the Future of the Automobile
CEI President and Founder Fred Smith appeared on a panel at the 2011 Washington Auto Show to discuss the…