Topic: Capitalism

Why Intellectuals Hate Al Czervik

“Power, by which I mean political power, is always zero-sum: if the intellectual elite has it, you and I don’t have it.” ~ Michael Munger

Economic Growth Makes Graceland Less Impressive

“The real ‘capitalist achievement,’ however, isn’t Graceland. It’s the fact that compared to the stuff of the average person’s day-to-day life in 2023, Graceland just isn’t that impressive.” ~ Art Carden

Coronavirus and New Hope

Corporation Nation

Fubarnomics: A Lighthearted, Serious Look at America’s Economic Ills

The Dark Magic of Promotio Competitio

“There is no point in struggling if there is no end to be achieved. Promotio Competitio should be relegated to the corner of forbidden, dark magic. Instead, I suggest we embrace Freedom Protecto and Celebratio Successio.” ~ Robertas Bakula

Slavery and the 1619 Project: Phil Magness on Words & Numbers (Part Two)

“Phil Magness joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to discuss how the 1619 Project gets the history of, and the relationship between, slavery and capitalism wrong.” ~ AIER

Slavery and the 1619 Project: Phil Magness on Words & Numbers

“This week AIER’s Phil Magness joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to discuss how the 1619 Project gets the history and the relationship between slavery and capitalism wrong.” ~ AIER

China: House Divided

“To paraphrase Abraham Lincoln, the Chinese commercial state cannot stand divided against itself. China will not cease to exist, but it will cease to be divided. It will become all authoritarian, or it will become capitalist.” ~ Michael Munger

What Accounts for All This Stuff?

“For anyone who is aware of the indescribable complexity and enormous productivity of the global market economy, nothing does more to drain credibility from capitalism’s critics than these critics’ apparent ignorance of this complexity and productivity.” ~ Donald J. Boudreaux

Yes, Twelve Dollars Is a Good Price for Two Batteries–Under the Right Conditions

“Economists are wary of the word ‘need;’ whether you need something or not is context-dependent, and I’m always amazed at how much my kids’ ‘needs’ change when they’re paying with their money rather than mine.” ~ Art Carden

Where Is the Free Market Utopia?

“Philippon explains why we should embrace competition, and if more people do so after reading The Great Reversal, he will have done an important job.” ~ Art Carden