Economic History

Monday, August 19th, 2019

A capitalist benefactor of the American abolitionist movement used his business to wage war against slavery. He ended up revolutionizing the American financial industry in the process.

Sunday, August 18th, 2019

Nothing in Rothbard’s later view manages to cast doubt on his earlier view and White’s thesis, much less refute them.

Friday, August 16th, 2019

The anti-capitalist ideology of southern slaveholders presents a conundrum for historians who erroneously equate the plantation economy with the free market.

Wednesday, August 7th, 2019

The notion of the cultic milieu helps explain many aspects of today’s politics, such as the rise of movements like the alt-right, and the growth of fringe beliefs across the ideological spectrum.

Thursday, July 18th, 2019

Should we study and learn from the past? Of course we should. Should we yearn for the past, seek to return there, and perhaps undo the progress of the last several centuries? Of course we shouldn’t.

Wednesday, July 17th, 2019

Or in the musical context, the capitalist achievement consists not of softer seats at the opera for the king and queen but access to a practically infinite library for pennies a day.

Monday, July 8th, 2019

Financial regulators appear to fear the creation of a few, small experimental entrants more than they fear the failure of the nation’s many, uber-risky megabanks.

Wednesday, July 3rd, 2019

Thanks to the rise of prosperity and commercial society, picnicking was finally something for all to enjoy, not only the rarefied elite.

Wednesday, June 26th, 2019

What African-Americans, poor whites, and Native Americans want, and what they need, is what Adam Smith called “a tolerable administration of justice."

Sunday, June 23rd, 2019

There is a great moral gravity to discussions of slavery. Academics owe the public an honest, accurate, and scientific assessment of slavery’s history, including its economic dimensions. Unfortunately, a key statistic being used in the reparations debate fails that test.

Sunday, June 16th, 2019

What needs rethinking is not capitalism – much less the ideals of universal human rights and liberties – but the corruption of liberalism by a state that knows no limits to its powers.

Friday, June 14th, 2019

Alarmists insist inequality is skyrocketing in the United States. A new measure of the top one percent's wealth should temper that claim

Tuesday, May 28th, 2019

The progressive zeal for higher taxes is distorting how they construct inequality statistics.

Tuesday, May 21st, 2019

The danger in American society today is not the arrival of new waves of immigrants from various other parts of the world compared to the past.

Friday, May 17th, 2019

Before New York acquired its status as the financial center of the world, the honor of that title was reserved for London and, before then, Amsterdam for roughly a century each.

Tuesday, May 14th, 2019

Are lovers of liberty ever to turn our faces toward the sun, standing on truly free soil? Remembering the Walled City of Kowloon should energize our determined, but peaceful, fight.

Friday, May 10th, 2019

Financial markets, including markets for complex instruments that may just look like speculative casino bets, allow important real transactions to occur. And in a brilliantly decentralized way, they bring into harmony people whose information, values, goals, and risk aversion differ.

Tuesday, May 7th, 2019

The unknown history of Neutral Moresnet proves that there is an inverse relationship between the size and scope of government and the potential for both peace and prosperity.

Thursday, May 2nd, 2019

Diocletian may have greatly strengthened the Roman state, but that extra strength appears not to have dented poverty, inflation, or civil war. Today the instinct to increase state power to achieve desired outcomes is thriving on both sides of the aisle.

Sunday, April 28th, 2019

The bow tie helped build the early years of Wall Street. Maybe it can assist in re-building the ethos of prosperity and success in the 21st century.