Michael Every (Global Strategist, Rabobank) makes a remarkable categorisation of mercantilists and neo-mercantilists. He has ...

Easterly questions if economic development is really development unless all parties have the right and opportunity to consent ...

Yet despite its apparent absurdity, its journey is a reminder of how few modern boats ply African waterways, and how much ...

Adam Smith wrote "The Wealth of Nations" and invented modern economics. With Artificial Intelligence, we summoned him for a ...

For a year-end read, try Harvard historian Sven Beckert's new book, ‘Capitalism: A Global History.’ It traces the global ...

The post This 1,300-Page Anticapitalist History Gets a Few Things Wrong appeared first on Reason.com.

Last Friday, I spoke on a panel at NYU on political theorist Alyssa Battistoni’s new book Free Gifts: Capitalism and the ...

The anomalies studied by behavioral economists suggest that logic is rarely the most important factor in decisions.

Discover the Diamond-Water Paradox—why diamonds cost more than water. Learn about subjective value and marginal utility in economic valuation.

Efficiency wages boost productivity by paying above market rates to retain skilled workers, reduce turnover, and foster loyalty. Learn how it impacts business success.

Kirkcaldy, a small town on Scotland’s east coast, is a nice place. But aside from a small alleyway, Adam Smith Close, the town has largely forgotten that Adam Smith lived there. The Adam Smith ...