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Economics

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Capitalism offers us outstanding new ways to be good. As a civilization, we should concentrate on taking advantage of these remarkable opportunities rather than entertaining idle suggestions, born of intellectual confusion if not sloth and envy, that the great boon of capitalistic plenty is undesirable or an...

Did the Republicans centralize power in the federal government under Lincoln? No doubt. But perhaps the more important question is: Which policies did Lincoln tolerate in order to achieve his overarching goal?... Among those who consider themselves...

To recover our social traditions and the cultural knowledge undergirding them will be the job of generations. But we should work to reduce the harm visited on our society by universities increasingly dedicated to identity politics and to indoctrinating students into that politics...

Friedrich Hayek believed that the very institutions of liberalism and republicanism, when misused, can foster the totalitarianism of democracy... The Road to Serfdom by F.A. Hayek (University of Chicago Press, 1944) Professor...
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The romanticized idea of a “gig economy” is something that should worry Americans. It is not the market economy at work. It is, rather, abuse of political power to undermine labor market forces for the benefit of a few very rich and powerful manipulators...
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To discover Honoré de Balzac is to discover a new world, one comparable to that envisioned by Shakespeare. If there is any lesson the collected works of this counter-revolutionary author hold for us, it is that the human comedy is best illuminated not by politics alone, but...
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In addition to the brilliance of his thought, Friedrich Hayek left us the lesson of his example: to search using our imagination, but always to know that what we find we find in humility, thereby recognizing our limits as one life in the long life of man,...
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Does capitalism—in its need for efficient, low-paying, and universal labor—have a vested interest in family weakness?... Independent Institute Research Fellow Allan C. Carlson is probably America’s top intellectually-serious social conservative thinker, as...

Friedrich Hayek's individualism is not the Rousseauian individualism of the person stripped naked of all his relations and his history, but rather that of Edmund Burke, with each person both encumbered and liberated by the little platoons to which we all belong...
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Today’s offering in our Timeless Essay series affords readers the opportunity to join Jeffrey O. Nelson as he explores the books and thinkers who shaped America's Conservative Renaissance. —W. Winston Elliott III, Publisher If a conservative order is indeed to return, we ought to know the tradition...
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Economics deals with statements of “is,” not of “ought.” It can tell you the consequences of particular public policies, but it cannot itself demonstrate the rightness or wrongness of such policies... Some debates on economic matters seem...
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Economics is not a stand-alone science, as disciples of the Enlightenment claim, but a branch of philosophy. In short, economics is one of the liberal arts... My recent essay seeking an adequate definition...
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“Capitalism” needs to be pinned down by definition; it needs to be circumscribed so that it doesn’t lead us off in increasingly meaningless and therefore futile lines of reasoning... If words are to have any...
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True educational reform must re-establish the secondary school as a place for broad learning, vocational training as a highly respected route to respectable work, and college as a place for higher learning...   The call for college to...