Capitalism is an inherently moral system of political economy, based on its voluntary nature and its reliance on virtuous human traits. The entity that embodies capitalism in the market – the firm or corporation – hones and enhances these virtues through a vast array of mutually beneficial exchanges, which
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.
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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Adam Smith’s Wealth of Nations at 250
Last week I participated in a National Association of Scholars event on the 250th anniversary of Adam Smith’s The Wealth of Nations. The event…
Washington Examiner
Freedom Conservatives plot a post-Trump Republican Party
MAGA, “America First,” paleoconservatism, integralism, Christian nationalism, social conservatism, the disruptor Right, and fusionism all the way through to the Never Trumpers: The conservative Right…
News Release
Foreign automakers’ threat to exit US market illustrates Trump tariff consequences
Foreign automakers are reportedly threatening to pull their most affordable models out of the US market if terms of the US-Mexico-Canada Agreement aren’t renewed. The…
