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: 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…
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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…
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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…
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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…
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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…
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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…
