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 problem is scarcity, not Disney’s prices
Disney doesn’t just offer admission to a theme park. It promises a magical experience. But when millions of people seek that experience, Disney must…
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GDP and the origins of prosperity
The United States is a wealthy and prosperous country. Historically, Americans have looked to Gross Domestic Product (GDP) to measure their prosperity. GDP…
Reason
Fusionism in the Twenty-First Century
CEI’s Richard Morrison was listed by Reason in their symposium on the new book Fusionism. Contributions to the symposium are: Elizabeth Corey,…
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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…
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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…
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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…
Comment
CEI Comments on Global Benchmark for Efficient Drug Pricing (GLOBE) Model
Comments of the Competitive Enterprise Institute Dear Dr. Oz, The Competitive Enterprise Institute (CEI) submits these comments in opposition to the creation…
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George and Sam: A friendship forged in freedom and entrepreneurship
In August 1783, after General George Washington had secured victory in the Revolutionary War but was still awaiting negotiation of Great Britain’s surrender, he…
Citation
DOJ investigation could push Powell to hold on to his seat at Fed
The Washington Examiner cited CEI’s expert on Powell Ryan Young, a senior economist at the Competitive Enterprise Institute, said that Powell choosing to…
