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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The consequences of American socialism: A review of John Kenneth Galbraith’s Economic Development
John Kenneth Galbraith’s 1963 book Economic Development asks the same question Adam Smith asked: where does wealth come from? His answers are very different…
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The missing guardrail in crisis politics: Discipline
Modern American governance has developed a troubling pattern. Economic shocks like the 21st century’s financial panics and pandemic are often met with vast expansions of…
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Happy birthday to the Wealth of Nations – and to CEI
Today is the 250th anniversary of the publication of perhaps the seminal work of economics, Adam Smith’s An Inquiry into the Nature and Causes of…
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Net neutrality is political predation
It’s fitting that the Federal Communications Commission (FCC) chose to dig up the net neutrality corpse just before Halloween. Now, our elected representatives need to…
Econlib
Reevaluating the Influence of James Buchanan on Libertarian Thought
James M. Buchanan was an economist known for his affiliation with the “Virginia School of Political Economy,” otherwise known as Public Choice theory. Trained at…
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Congress can say no to Bidenomics in shutdown showdown
The contentious fiscal year 2024 budget battle, which might result in a partial federal government shutdown, is unfurling precisely as the national debt is…
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Will polyester recycling become fashionable?
The Wall Street Journal ran a fascinating article last week on the future of innovation and technology, but it’s not about AI or semiconductors.
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The Powell Memo was good, actually
This week the Competitive Enterprise Institute published my study (co-written with my colleague Iain Murray) on the 50-plus year history of the…
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Free the Economy podcast: freedom and conservatism with Avik Roy
In this week’s episode we talk about the future of nuclear power, the possible end of remote work, and the complexities of…
