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 ...

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

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.

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

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

It recalls a recent opinion piece by Wall Street Journal editorial page columnist Joseph Sternberg. Titled “The Fed Quietly ...

Economic freedom is often assumed to be an inherent component of capitalism, based on the libertarian belief that individuals ...

Saint Augustine There is an ancient saying, attributed to Aesop: “We hang the petty thieves and appoint the great ones to ...

For two centuries, mainstream economics has promised that abstract models and free markets would deliver prosperity, stability and even peace. Instead, the world is living with spiraling inequality, ...

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

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