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.
Featured Posts
Blog
America as an act of disobedience
CEI’s annual Julian L. Simon Memorial Award Dinner is on September 23. The theme is American Treasures. This post celebrates one of the…
Daily Wire
Trump’s $5,000 Down Payment On The Entitlement State
Donald Trump’s $5,000 “dividend” proposal to every U.S. adult should be taken seriously, not because the arithmetic has been worked out, since there isn’t…
News Release
CEI praises Schumer’s good idea on trade reform
Senate Minority Leader Chuck Schumer has introduced a bill, the End Trump’s Tariff Tax Act, to repeal Trump tariffs and duties on Canada…
Search Posts
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George Washington’s Fight (and Ours) against Regulation without Representation
Those who have followed CEI over the years know that one of our main grievances is “Regulation Without Representation.” The phrase—an apt description of laws…
Blog
Why George Washington Shouldn’t Be Canceled
The father of our country is making news, but for disappointing reasons. Washington was trending on Twitter after his statue was toppled in Portland. A private…
Blog
Secretary Scalia to Pension Funds: Manage for Returns, Not Virtue Signaling
In a Wall Street Journal op-ed, Labor Secretary Scalia explains the reasoning behind a proposed rule reaffirming that pension funds should focus on providing benefits…
Cato Journal
Book Review: The American Dream Is Not Dead (But Populism Could Kill It)
Capitalism’s populist critics, on both left and right, have got their critique backward—not only are earnings and economic opportunity not evaporating, as they claim, but…
Blog
Value of Employee Benefits in Eye of Beholder
Advocates of “social responsibility” and environmental, social, and governance standards for companies have little interest in their proposed requirements being voluntary, despite frequent protestations to…
Blog
“Social Responsibility” Expectations for Business Pivot from Voluntary to Mandatory
The Financial Times reported that many companies have cut dividends to shareholders because they are struggling with the current economic downturn. But even after we’ve…
Blog
My Answer to J.K. Rowling on What Cryptocurrency Is
To paraphrase a famous financial services commercial from the 1970s and 1980s, when J.K. Rowling asks, people answer. When the famed author of the Harry…
Blog
Lean on Business Leaders to Defend Markets
One on the main goals of the Competitive Enterprise Institute’s Center for Advancing Capitalism is for more business leaders to prioritize the defense of the…
Blog
Retro Reviews: Common Sense Political Economy
This review of Philip Henry Wicksteed’s 1910 textbook The Common Sense of Political Economy was originally published at Inertia Wins. Wicksteed was a leading economic…
Letters
CEI Joins NTU Leads 29 Free Market Organizations in Opposing Merger Ban Proposals
Dear Leader McConnell, Speaker Pelosi, Leader Schumer, and Leader McCarthy: On behalf of the undersigned organizations, representing taxpayers and free market advocates across…
Blog
Retro Review: Irving Kristol’s “Two Cheers for Capitalism”
Long before we began debating the wisdom of neoconservative foreign policy, Irving Kristol was writing about domestic economic policy and the future of capitalism. His…
Blog
New Profile in Capitalism: Ariel Corporation CEO Karen Wright
Some CEOs seem to have more hours in the day than others. Such is the case of Karen Wright, the head of Ariel Corporation, a…
Study
Profiles in Capitalism: The Role of the Business Leader in Public Affairs and Philanthropy
When Competitive Enterprise Institute (CEI) President Kent Lassman sat down to interview Ariel Corporation CEO Karen Wright at the CEI Summit in New Orleans in…
Blog
Retro Review: Vlad Tarko’s Biography of Elinor Ostrom
Elinor Ostrom’s pioneering work on “polycentrism,” the existence of multiple sources of government authority or power within a single political system, is especially relevant during…
Blog
Memo to BlackRock: Drop Activist Agenda, Focus on Recovery
Should large institutional investors find and support profitable firms or adopt the tactics of left-wing pressure groups to force companies into adopting a political agenda?…
Blog
Robots Are Here to Make Your Job Safer and Cleaner
Positive stories about win-win results from the march of automation are everywhere in our economy, but they don’t get told and repeated enough. The workers…
Blog
Retro Review: The Year Civilization Collapsed
This review of Eric H. Cline’s 1177 B.C.: The Year Civilization Collapsed, was originally published at Inertia Wins. Despite covering events in the ancient past,…
Blog
Retro Reviews: An Introduction
Political news and analysis always suffers from a recency bias—we tend to assume that the latest analysis and reportage is superior to what was posted…
Blog
Pandemic Economy: Toilet Paper Supplies Stretched, But Strong
American consumers, worried about the future of the coronavirus pandemic have continued to buy out available stocks of key products. However, temporary shortages are the…
Blog
Sen. Toomey Defends Capitalism
This week Sen. Pat Toomey gave an excellent and much-needed speech at the Heritage Foundation on capitalism and its right-leaning critics. Toomey made clear that…
Blog
Big-Mouth CEOs Less of a Threat than Crusading Politicians
Free-market advocates are understandably skeptical of “stakeholder” capitalism—the idea that corporate managers should focus not just on returns to shareholders, but on pleasing a potentially…
Blog
Two Cheers for Nikki Haley’s Defense of Capitalism
Former U.S. ambassador to the United Nations Nikki Haley has written a bold and, for the most part, very good op-ed on the future of…
Blog
Sustainability Disclosures, Meant to Protect, Could Create Additional Risk for Investors
The Sustainability Accounting Standards Board (SASB) claims that it focuses on issues that are “financially material” to the companies they are assessing. But materiality is…
Blog
Exploring History of Black Entrepreneurs
Madam C.J. Walker founded and built a company specializing in hair care products that eventually made her a millionaire and international celebrity. Her army of…
Blog
VIDEO: Assessing Frédéric Bastiat’s Legacy
A new a three-part video series from the American Institute for Economic Research on Frédéric Bastiat's life and legacy is an excellent introduction to the…
National Review
Them the People
National Review cites senior fellow Iain Murray on democratic socialism: Murray, talking about his forthcoming book The Socialist Temptation at a CEI event in New Orleans, describes the inherent tension…
Blog
NBC/WSJ Poll: “Socialism” Not So Popular After All
NBC News and The Wall Street Journal just released a new poll that finds capitalism isn’t underwater with the American public just yet. Registered voters…
Blog
Economic Planning and Dead Mall Legends
The kind of American chain stores and retail formats that dominated the second half of the 20th century have fallen on hard times in the…
Blog
Are the Climate and Capitalism at War?
Many contemporary environmentalists share two important beliefs: a) that anthropogenic climate change is the biggest threat to the future of humanity and b) that a…
Blog
Dog Bites Man in Davos
J.P. Morgan Chase CEO Jamie Dimon recently said that “most state-owned enterprises don’t do a particularly good job.” The head of the world’s largest bank…
Blog
Best Books of 2019: Year of Vindication for Mother of George Washington
August 25 of this past year was the 230th anniversary of the death of Mary Ball Washington, the mother of the first president of the…
Blog
Best Books of 2019: In Defense of Openness
Most policy proposals for fighting poverty are zero-sum. The best way to help the poor, the argument goes, is to take from the rich. Van…
Blog
Best Books of 2019: Alienated America by Tim Carney
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…
Blog
Best Books of 2019: Big Business by Tyler Cowen
Cowen argues that most people underestimate the amount of good that big businesses do. They make possible affordable communications, books, culture and art (and the…
Blog
Best Books of 2019: Humanomics by Vernon Smith and Bart Wilson
Smith and Wilson combine insights from their experimental economics research with insights about human character from Adam Smith’s "Wealth of Nations" and especially his 1759 book "The Theory…
Blog
Best Books of 2019: Expert Failure by Roger Koppl
Koppl uses the role of experts to explain the difference between approaching social problems from the top down versus from the bottom up. Koppl defines an…
Blog
Weighing Bad Capitalism and Good Socialism
Recently economics professor Walter Block of Loyola University New Orleans wrote a great op-ed for The Wall Street Journal titled “Bad Capitalism and Good Socialism.”…
Blog
Best Books of 2019: The Enlightened Capitalists by James O’Toole
James O’Toole, a professor emeritus at the University of Southern California’s Marshall School of Business, has assembled an impressive collective history of dozens of innovative—and…
News Release
CEI’s Consistent Opposition to Government Regulation Protects Consumers
Last night, television entertainer Tucker Carlson aired a segment attacking CEI and other free-market groups for opposition to using government power to intervene in markets…
Blog
Best Books of 2019: The Anarchy by William Dalrymple
How did a joint stock company founded in Elizabethan England come to replace the glorious Mughal Empire of India, ruling that great land for a…
Blog
Best Books of 2019: The Narrow Corridor
Predatory governments with high corruption, that don’t respect political and economic freedoms, are extractive. Countries with these sorts of institutions tend to be both poor…
Blog
Corporate ‘Social Responsibility’ Must Be Voluntary, Not Mandated
The Bipartisan Policy Center (BPC) just wrapped an event on corporate governance titled “The Role of a Corporation: The Shareholder versus Stakeholder Debate,” and it…
Cato Journal
Review of “The Enlightened Capitalists”
James O’Toole, a professor emeritus at the University of Southern California’s Marshall School of Business, has assembled an impressive collective history of dozens of innovative—and…
News Release
Is Capitalism Destroying Democracy?
A new report from the Competitive Enterprise Institute examines that question at a time when progressives increasingly assert democracy in the United States is being…
Study
Democratic Capitalism: Why Political and Economic Freedom Need Each Other
Is capitalism destroying democracy? It is an old question that political thinkers have long wrestled with.
Blog
VIDEO: Life Is Getting Better
Despite prominent headlines to the contrary, the world is not actually falling apart. As our friends at places like Human Progress tirelessly work to remind…
Blog
VIDEO: Prosperity Is More Than Wages
In a new video for the PolicyEd channel, economist Russ Roberts takes on the popular—though misleading—narrative that ordinary working Americans haven’t made any real economic…
Blog
Policy Circle 4th Annual Leadership Summit Coming to Chicago
There are a lot of useful conferences, meetings, and conventions that fill our calendars, and one that we're especially looking forward to this year is the Policy Circle’s…
Blog
Study on Export-Import Bank: Repeal Is Best, Other Reforms Can Help
The Export-Import Bank is up for reauthorization by September 30. It should be shut down, as I’ve pointed out before, but reauthorization will almost certainly…
Blog
Welfare for Billionaires: Stadium Subsidies Are Pure Cronyism
Our old friend (and former Competitive Enterprise Institute journalism fellow) Tim Carney is doing excellent work at the American Enterprise Institute these days, where he…
Blog
David Koch (1940-2019), R.I.P.
Friend, philanthropist, inventor, and industrialist David Koch has died at the age of 79. He was a father and husband. Known best for his pro-liberty…
Blog
When Did Conservatives Stop Loving a Free Economy?
National Review contributor and rage-inducing controversialist Kevin Williamson has a new book out, “The Smallest Minority: Independent Thinking in the Age of Mob Politics,” which…
Blog
Sealand, from Pirate Radio to Seasteading
Setting up a sovereign free territory has long been a dream of libertarian mavericks, from the ill-fated Republic of Minerva to the nascent Free Republic…
Blog
Business Roundtable Restates Obvious: Stakeholders Matter (and Always Have)
There’s a flurry of news coverage this morning about the Business Roundtable releasing a new public statement on “the purpose of a corporation.” Whereas previous…
Blog
VIDEO: Why Beer Sucks in Socialist Countries
The trend of younger voters allegedly becoming more favorable to socialism has alarmed and chagrined many observers recently, from members of the New York Post…
Blog
VIDEO: Where the Regulatory State Came From
Our friends at the Pacific Legal Foundation have a funny and insightful explainer video on the historical development of the regulatory state (also known as…
Blog
Limits of ‘Soft Law’ Approach to Tech Regulation
Can the regulation of new technology be voluntary and non-coercive? In a recent op-ed for The Hill, Mercatus Center law and technology analyst Jennifer Huddleston…
Blog
VIDEO: Green New Deal’s Bad Science
This week the Competitive Enterprise Institute released a new study by CEI President Kent Lassman and Power the Future Executive Director Daniel Turner on the costs of the…
Blog
The Middle Class Crisis That Wasn’t
Recently billionaire philanthropist Eli Broad calls for a wealth tax in The New York Times and fellow billionaire Ken Fisher responded in USA Today with a…
Blog
Who Does More Damage to a Free Economy: Socialists or Cronyists?
Our friend Matt Mitchell of the Mercatus Center has a fascinating new article at Reason on how businesspeople feel about government favors and privileges. It…
Blog
CEI Annual Dinner 2019: Rebecca Dunn
The videos and transcripts are in from the the Competitive Enterprise Institute’s 35th Anniversary Dinner and Reception. One of the most moving moments of the evening was…
Blog
CEI Annual Dinner 2019: Dave Barry
We here at the Competitive Enterprise Institute were excited when the funny and insightful writer Dave Barry agreed to deliver the keynote address at our 35th Anniversary…
Blog
CEI Annual Dinner 2019: Johan Norberg
It’s been a couple of weeks since the success of the Competitive Enterprise Institute’s 35th Anniversary Dinner and Reception, and I’m happy to finally be able…
Blog
CEI Annual Dinner 2019: Kent Lassman
All of the media content from the Competitive Enterprise Institute’s 35th Anniversary Dinner and Reception last month is now available, including remarks from Master of Ceremonies Katherine Mangu-Ward,…
Blog
CEI Annual Dinner 2019: Katherine Mangu-Ward
We’re still thanking everyone who supported, sponsored, and attended the Competitive Enterprise Institute’s 35th Anniversary Dinner and Reception last month. One of the superstars of the…
Blog
A Vision for Freedom: CEI’s 35th Anniversary
At the Competitive Enterprise Institute this week we’re still reflecting on the success of last Thursday’s 35th anniversary dinner and gala, and thanking our friends…
Blog
Search for the Hand: 2019 CEI Dinner Movie
Last night was the Competitive Enterprise Institute’s 35th anniversary dinner and gala here in Washington, D.C., and a crowd of several hundred friends and supporters…
Blog
Political Realignment Is Big Problem for Free-Market Supporters
Angela Nagle, an economic nationalist and author of “Kill All Normies,” recently argued on a podcast that, “Conservatives are starting to have these interesting debates…
Blog
VIDEO: How to Become a Federal Criminal
Have you ever made an unreasonable gesture to a passing horse in a national park? If so, you are already a federal criminal. For the…
Blog
This Summer, Celebrate Lemonade Freedom
There is good news for young entrepreneurs coming out of the Lone Star State, as Texas Gov. Greg Abbott (R) recently signed a bill allowing…
Blog
Does Capitalism Destroy Culture?
Capitalism’s critics claim that the pursuit of profit can become like a black hole, consuming all of our attention and energy at the expense of culture.
Blog
Corporate ‘Power’ Is Limited and Temporary—Government Power Is the Real Threat
An Axios article today examines for-profit companies taking public positions on controversial political issues, carrying the headline “When companies act like governments.” Reporter Erica Pandey…
Blog
This Month, Take Pride in Abundance and Opportunities of Capitalism
June is Pride Month, when gay, lesbian, bisexual, transgender, and other not-straight people celebrate with a variety of events, including activism, parades, and concerts. As…
Blog
Addressing the Gender Pay Gap: Culture, Not Legislation
Gender discrimination is a complex problem with a complex solution.
Blog
VIDEO: Ending Police Harassment of Small Business in India
Our friends at the Atlas Network have an excellent new video out about legal reform in India that is helping small businesspeople stand up to…
Blog
Corporate Virtue in Eye of Beholder
The main impression I’ve gotten from much recent reporting on the ethical behavior and social responsibility of business is that its value depends greatly on…
Blog
VIDEO: What Is the ‘Social Responsibility’ of Business?
Recently I was in the audience for an interesting panel discussion, hosted by the Federalist Society, on corporate social responsibility. Should corporate managers only work…
Blog
Chain Stores Are Part of Civil Society Too
I recently reviewed the book “Alienated America” by Washington Examiner editor Timothy Carney, and I’d like to return to one of the observations he made…
Blog
REVIEW: ‘Honorable Business’ by Prof. James Otteson
I wrote up some initial impressions about the new book on business ethics, “Honorable Business: A Framework for Business in a Just and Humane Society,”…
Blog
VIDEO: Cheers to Food Truck Freedom
Congratulations to mobile food vendors Benny Diaz and Brian Peffer—and their attorneys at the Institute for Justice—for scoring a victory for freedom of food commerce…
Blog
Trade War State of Play: China, USMCA
If President Trump’s trade war has a single takeaway, it is this: Raising tariffs is an ineffective bargaining strategy. When the U.S. raises its tariffs,…
Blog
VIDEO: Report Card on Regulatory Reform
Earlier this week I had the good fortune to spend some time at the historic Mayflower hotel here in Washington, D.C. attending the Federalist Society’s 7th…
Blog
Costs of Unequal Treatment of Citizens by Abandoning Negative Rights for a Positive Rights Framework
To many classical liberals (or libertarians), it is primarily the individual’s right of self-defense that is delegated to a government. We cannot unilaterally commence the…
Blog
How Julian Simon Defeats Thanos
“The universe is finite, its resources finite. If life is left unchecked, life will cease to exist.” With those simple words, the Marvel supervillain Thanos…
Blog
New Civil Liberties Alliance Sounds Alarm on Unconstitutional Government
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…
Blog
Insights from James Otteson’s ‘Honorable Business’
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…
Blog
VIDEO: Johan Norberg on Resource Scarcity vs. Abundance
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…
Blog
New Study: The Case against Antitrust Law
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…
Blog
Americans Optimistic about Role of Tech and Platforms
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…
Blog
REVIEW: ‘Alienated America’ by Timothy P. Carney
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…
Blog
Sharing Economy Is Opposite of Servant Economy
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…
Blog
VIDEO: What Do Entrepreneurs Actually Do?
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…
Blog
VIDEO: Building a Living on eBay
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…
Blog
VIDEO: Deirdre McCloskey on “Bourgeois Dignity”
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…
Blog
VIDEO: Gig Economy Is Here to Stay
Our friends at the Federalist Society are back with a new video on the gig economy, “Here to Stay: The Modern World of Hospitality,” examining…
Blog
Tim Carney on ‘Alienated America’
Our old friend (and former CEI Warren Brookes Journalism Fellow) Tim Carney has a new book out, “Alienated America: Why Some Places Thrive While Others…
Blog
Economics of Green New Deal: More Red Than Green
My colleagues have written elsewhere about the energy and environmental components of the “Green New Deal” proposals that have been enthusiastically agreed to by most…
Blog
Ominous Parallels: Were AOC and LaRouche Secretly Working Together?
It seems like an odd coincidence that legendary American political cult figure Lyndon LaRouche would pass away the same week that the Green New Deal…
Blog
VIDEO: Thanos Was Wrong about Humanity
Our friends at the American Enterprise Institute have a great video series in which they explain important issues, each in only 60 seconds. A very-short format like this…
Blog
VIDEO: What Beer Can Teach Us about Well-Crafted Laws
Our friends at the Federalist Society have released a fun and informative new short film on the history of beer and alcohol regulation. …
