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 cold wind of socialism
In an episode of the Netflix series The Crown, an aging Winston Churchill refers to the Labour Party’s return to power as the “cold…
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Trump’s ‘Golden Share’ breaches government’s proper role
On June 13, President Trump issued an executive order declaring that the proposed acquisition of U.S. Steel by Japan’s Nippon Steel…
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Trump’s newborn nest egg accounts
In the face of recurring economic shocks—we’ve suffered 9/11, the 2008 financial crisis, and COVID-19 in the 21st century alone—the reflex to throw hundreds of…
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Calling All Public Choice Scholars
Earlier this month the Cato Institute generously hosted a small roundtable discussion of CEI’s recent study “Virtuous Capitalism: Why there Is Less Corruption in…
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Virtuous Capitalism in Theory and Practice
Government is responsible for billions and billions of dollars of corruption and corporate welfare. Considering the potential returns on investment compared to honest entrepreneurship, it…
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Reviving Capitalism
The near-death and rebirth of American railroads is a case study in business leaders fending off regulation.
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Sell a Kidney, Save a Life
Last week I blogged about the idea that some things should not be part of a market economy, and highlighted one rather silly example of…
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Virtuous Capitalism, or, Why So Little Rent-Seeking?
The venerable Fred Smith and I have a new paper out today. Click here to read it. In the paper, we try to solve the Tullock…
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Virtuous Capitalism
Is there less corruption in business than we think?…
