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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REVIEW: ‘Honorable Business’ by Prof. James Otteson
I wrote up some initial impressions about the new book on business ethics, “Honorable Business: A Framework for Business in a Just and Humane Society,”…
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VIDEO: Cheers to Food Truck Freedom
Congratulations to mobile food vendors Benny Diaz and Brian Peffer—and their attorneys at the Institute for Justice—for scoring a victory for freedom of food commerce…
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Trade War State of Play: China, USMCA
If President Trump’s trade war has a single takeaway, it is this: Raising tariffs is an ineffective bargaining strategy. When the U.S. raises its tariffs,…
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VIDEO: Report Card on Regulatory Reform
Earlier this week I had the good fortune to spend some time at the historic Mayflower hotel here in Washington, D.C. attending the Federalist Society’s 7th…
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Costs of Unequal Treatment of Citizens by Abandoning Negative Rights for a Positive Rights Framework
To many classical liberals (or libertarians), it is primarily the individual’s right of self-defense that is delegated to a government. We cannot unilaterally commence the…
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How Julian Simon Defeats Thanos
“The universe is finite, its resources finite. If life is left unchecked, life will cease to exist.” With those simple words, the Marvel supervillain Thanos…
