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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Best Books of 2020: Virgil Henry Storr and Ginny Seung Choi – Do Markets Corrupt Our Morals? (Palgrave MacMillan, 2019)
Most people see markets as dens of greed and moral corruption. In their new book, Do Markets Corrupt Our Morals?, Virgil…
The American Spectator
Money Isn’t Ruining Christmas
ost of us love the idea of a snow-filled white Christmas, but secretly dread the accompanying blizzard of commentary about how we ruin the season…
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Some Frequently Asked Questions about Socialism
During my virtual “tour” for the release of my book, The Socialist Temptation, certain questions came up regularly. I have already set out my…
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Walter Williams, 1936-2020
Walter Williams passed away this week at age 84. He was the rare economist to succeed as both an academic and a popular communicator.
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Biden Team Expected to Take Hatchet to Pension Protection Rule
The Department of Labor, under the leadership of Secretary Eugene Scalia, implemented an important (though widely misunderstood) rule this year, regarding how federally regulated pension…
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Retro Review: The Communist Manifesto (1848)
The manifesto of the Communist party, written by Karl Marx and Friedrich Engels in 1847 and first published the next year, has a legendary pair…
