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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This Month, Take Pride in Abundance and Opportunities of Capitalism
June is Pride Month, when gay, lesbian, bisexual, transgender, and other not-straight people celebrate with a variety of events, including activism, parades, and concerts. As…
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Addressing the Gender Pay Gap: Culture, Not Legislation
Gender discrimination is a complex problem with a complex solution.
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VIDEO: Ending Police Harassment of Small Business in India
Our friends at the Atlas Network have an excellent new video out about legal reform in India that is helping small businesspeople stand up to…
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Corporate Virtue in Eye of Beholder
The main impression I’ve gotten from much recent reporting on the ethical behavior and social responsibility of business is that its value depends greatly on…
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VIDEO: What Is the ‘Social Responsibility’ of Business?
Recently I was in the audience for an interesting panel discussion, hosted by the Federalist Society, on corporate social responsibility. Should corporate managers only work…
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Chain Stores Are Part of Civil Society Too
I recently reviewed the book “Alienated America” by Washington Examiner editor Timothy Carney, and I’d like to return to one of the observations he made…
