Murray Rothbard famously (well, famously in libertarian circles) condemned Adam Smith for positing an “an alleged irrational and innate ‘propensity to truck, barter and exchange’, as if human beings were…
Phil Magness and I now have a paper with that title forthcoming in The Journal of Business Ethics. It’s not as prestigious as a Storify piece, but for some reason publishing…
Ben Barber has written a “response” to our essay at Cato Unbound. I put “response” in scare quotes because, unfortunately, it doesn’t seem to address what we’ve said or argued….
I had occasion recently to read some of Akerlof and Shiller’s new book Phishing for Phools. I found it, to be perfectly blunt, infuriating. The book is paternalistic. It assumes that free…
In honor of the Pope’s visit, let’s explore the theological undertones of Why Not Capitalism? In Why Not Socialism?, G. A. Cohen attempts to argue that socialism is inherently…
Many have been surprised by the rapid surge of the issue of income inequality. Thomas Piketty’s book spawned academic and popular interest in the topic. The idea that the main…