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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The Socialist Temptation: Why Don’t People Remember the Horrors of Socialism?
Why are people still attracted to socialism when its history is plain for all to see? One reason is that those who proclaimed the dawn…
Reason
Capitalism Trumps Hate
Big business wasn’t exactly the first place activists looked for allies as the modern gay rights movement emerged. Large corporations have long been seen as…
National Review
Socialists on the March
Last week, several self-proclaimed Democratic Socialists defeated long-serving Democratic incumbents in New York State primaries. One of the insurgents, Zohran Mamdani, tweeted out the words, “Socialism won.” His pinned tweet on…
The Capitalist League
Iain Murray: Socialism, Capitalism, and American Values
One of the most important things I learned at the feet of Fred Smith, founder of the Competitive Enterprise Institute, was that most Americans don’t…
Town Hall
Socialism and the Cultural Revolution
In the 1953 classic film The Wild One, a girl asks Marlon Brando’s smoldering Johnny Strabler what he is rebelling against. He answers, “What’ve you got?”…
National Review
Socialism and the Corporation: A Love-Hate Relationship
Socialists would rather the traditional American firm did not exist. Animosity towards the capitalist boss for reaping all the rewards of his employees’ labor, or (perhaps…
