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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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…
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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…
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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…
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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…
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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…
