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
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Fred Smith and the Hourglass of Market Evolution
Our much–loved CEI founder Fred L. Smith Jr. would often insist that we not refer merely to antitrust or antitrust policy, but…
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Free the Economy podcast: Debt and taxes with Jack Salmon
In this week’s episode we cover the death of ESG investing, next moves on regulatory reform, Wall Street enthusiasm for a…
Forbes
Next SEC Must Restore Capital Formation Mission
The Securities and Exchange Commission (SEC) has rightly garnered criticism from both political parties over the last few years for its…
Search Posts
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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…
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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.
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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…
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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…
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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…
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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…
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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…
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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…
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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. …
Blog
Introducing a Free-Market Agenda for Accountability and Prosperity
The governance of American life has been handed over to an operating system that subtly and perversely drives individuals’ behavior away from their own decisions.
Blog
The Legacy of Economist Harold Demsetz (1930-2019)
Economist Harold Demsetz, a Chicago school theorist who was one of the pioneers of the approach now called New Institutional Economics, had died. The former…
Blog
A Free-Market Agenda for the 116th Congress
After a contentious election season, we look forward to the nation’s elected representatives rolling up their sleeves and getting to work. Divided party control in…
Blog
Iconic NYC Bookstore Owner Pleads: Don’t Landmark My Property
Our friends at Reason have been following a fascinating story unfolding in New York City, in which a business owner is trying to fend off what many people would…
Blog
Best Books of 2018: Life after Google
Are Tucker Carlson’s predictions of Google taking over the future keeping you up at night? Sooth yourself with the creative destruction described in “Life after…
Blog
Best Books of 2018: Suicide of the West & Enlightenment Now
Goldberg’s “Suicide of the West” is a literate, snappily written, and often humorous defense of Enlightenment values and a broadside against populism. Steven Pinker’s “Enlightenment…
Blog
Best Books of 2018: Factfulness
Think Julian Simon, Matt Ridley, and Steven Pinker’s data-driven optimism, mixed with Michael Shermer and Bryan Caplan’s awareness of human cognitive biases, as told by…
Blog
Fighting for Small Business: Whiskey Edition
This week marks the 85th anniversary of the end of Prohibition, and we still have a lot to learn from that dismal experiment in government overreach.
Blog
Don’t Blame Google for a Feature Consumers Want
It’s very rare I disagree with the great freedom-loving journalist John Stossel, but his column at Townhall this week made me raise an eyebrow. In…
Blog
New Ideas for Addressing Poverty and Inequality
While the political headlines this week are dominated by a public feud between the Secretary of the Interior and the likely incoming chairman of the…
Blog
Freedom and Whiskey Go Together
Recently Dave Sussman of the show Whiskey Politics featured myself and my old pals Drew Tidwell and Helen Straight of Passing Lane Films on his…
Blog
Happy 50th Anniversary to Reason
Congratulations to our friends at Reason magazine (and the Reason Foundation) on their golden anniversary. Some members of the Competitive Enterprise Institute team were recently…
Blog
Wealth in Disguise: Why Halloween Costumes Are Better Than Ever
Before we bid farewell to Halloween week 2018 for good, let’s take a chance to glean an economic lesson from the piles of candy, cardboard…
Products
Is Capitalism Destroying Democracy?
When Duke University historian Nancy MacLean released her book “Democracy in Chains: The Deep History of the Radical Right’s Stealth Plan for America” last Summer,…
Blog
Mapping Public Policy Wins at the State Level
The fine folks at the State Policy Network deserve well-earned congratulations on the completion of yet another successful annual meeting, this year co-sponsored by…
Blog
Help the Poor by Making Their Lives Less Expensive
The Cato Institute’s Ryan Bourne has a great new study (and accompanying video) out about social welfare, government spending, and regulatory reform.
Blog
A Toast to the Sears Catalog
In retail, as in every industry, eras come and go. Few recent events mark the passing of an era like the announced bankruptcy of…
Blog
David Henderson (1927-2018), RIP
We are sad to note the death of our good friend and strong ally, David Henderson, on September 30th in London. After a career as…
Blog
How to Articulate a Free-Market Vision for the Future
The Competitive Enterprise Institute views most market failure rationales for government intervention as wrong, overstated, or unproven (or all of the above). The Competitive Enterprise Institute…
Blog
Be a Giver with DonorsTrust and State Policy Network in Salt Lake City
This week the State Policy Network is holding its legendary annual meeting, this time in beautiful Salt Lake City, Utah. With hundreds of delegates from…
Blog
New Study Reminds Regulators to Keep Focus on Consumer Welfare in Antitrust
Yesterday the good folks at the Information Technology and Innovation Foundation (ITIF) held an important and timely event on the future of antitrust policy. The splotlight…
Blog
VIDEO: ‘Gov’ Is Back and He’s Here to Help
Our creative friends at the Independent Institute in California are back with an entertaining new video series that pokes fun at some of the…
Blog
Making a Living with Free Speech
Free speech protections in the United States are pretty far reaching, including protections for commercial free speech and occupational free speech. If you…
Blog
Congress Should Stay out of Sports Betting Regulation
For the first time in twenty-five years, Americans can legally wager on the outcome of sporting events outside of Nevada. Thanks to a Supreme…
Blog
Free Trade Challenges: Tariffs, Concentrated Benefits, and Diffused Costs
Tariffs hurt more people than they help. So why do those outnumbered few keep winning so many political victories at the majority’s expense? The answer…
Blog
How Free Is Your State?
Our friends at the Cato Institute have a great new promotional video for the latest edition of their annual Freedom in the 50…
Blog
Hernando de Soto: How To Make the Third World Richer than the First
Our good friend Nick Gillespie interviews Peruvian economist and property rights activist Hernando de Soto about the future of prosperity in the developing world, and…
Study
Traders of the Lost Ark
View Full Document as PDF With contributions by Fred L. Smith Jr., Marc Scribner, Daniel Press, and Ryan Khurana Profiles in Capitalism August…
Blog
Debunking the (Plastic) Straw Man Arguments
Of all the consumer products one might have expected to become a flashpoint for political controversy, the humble plastic drinking straw is an unlikely contender.
Blog
Made in Mékhé: An African Entrepreneur Makes the Case for Economic Freedom
When I was in Atlanta last month for the Foundation for Economic Education’s annual conference, FEEcon, I heard a lot of messages of…
Blog
Free Trade Makes Us All Richer (Even If Other Countries Don’t “Play Fair”)
This week my colleague Ryan Young rightly warned that the White House’s newly announced tariffs on Chinese goods will harm Americans consumers and…
Blog
VIDEO: Your Next Government? From the Nation State to Stateless Nations
Since the early days of classical civilization, when (a notably imperfect form of) democracy was born, at least some people in the world have…
Blog
CEI Book Club: Peter Navarro and Greg Autry, Death by China
Trump economic adviser Peter Navarro has a longstanding animus against China. It is important to know Navarro’s thoughts on China. He played a major role…
Blog
Remarks by CEI President Kent Lassman at 2018 Annual Dinner
Remarks by CEI President Kent Lassman at our Annual Dinner and Reception on June 28, 2018, in Washington, D.C. Welcome to the CEI annual dinner. Thank you all for…
Blog
Will The Real Freaks Please Stand Up?
Thanks to everyone who made last night’s annual dinner and reception a great success. Our headliners Mick Mulvaney, Jonah Goldberg, and…
Blog
Welcome to the CEI Annual Dinner
We’ve come to one of the most exciting times of the year—the week of the Competitive Enterprise Institute Annual Dinner and Reception. This year’s event,…
Blog
Relearning Old Lessons about the Minimum Wage
The question of the minimum wage is a hot topic this week, as the voters of the District of Columbia just approved Initiative 77, …
Blog
‘I, Whiskey’ Nominated for 2018 Reason Video Prize
Thanks to the great Nick Gillespie of Reason for Friday’s exciting announcement that the Competitive Enterprise Institute short film “I, Whiskey: The Human…
Blog
Messages of Freedom and Hope from FEEcon
Last week I was in Atlanta enjoying the excitement and intellectual ferment of FEEcon, the annual conference held by the Foundation for Economic Education.
