Pope Francis’s Failure to See Entrepreneurs as Good Samaritans Undercuts the Poor »

On April 25, a videotaped talk by Pope Francis was released at the international TED conference in Vancouver, Canada. The 18-minute talk, titled “Why the Only Future Worth Building Includes Everyone,” can be viewed here. Francis highlighted three themes, beginning with the observation that community is central to human existence: [L]ife flows through our...
Read More »

Michael John Novak, Jr., 1933-2017 »

Our very dear friend and Founding Member of the Board of Advisors of the Independent Institute, Michael Novak, passed away at the age of 83, on February 17th. A man of immense generosity, integrity, joyfulness, and good will, Michael was one of the most important scholars, theologians, prolific authors, and public intellectuals of the...
Read More »

How Marxism Corrupts The Magnificent Seven »

Capitalism doesn’t survive ten minutes in director Antoine Fuqua’s new remake of The Magnificent Seven. Mining baron Bartholomew Bogue (Peter Sarsgaard) stands before the residents of the western mining town of Rose Creek and proclaims that, because America has accepted capitalism, they have little choice but to submit to his economic predation on their...
Read More »

Remembering Arthur Seldon, Champion of Capitalism »

May 29 marks the centennial of Arthur Seldon’s 1916 birth. Called “one of the most influential economists of the late twentieth century,” for over three decades he was editorial director of the London-based Institute of Economic Affairs, which The Economist said, “brought to the lay reader the ideas of all the leading free-market economists...
Read More »

Litmus Test for Liberty: Is Exchange Willing or Unwilling? »

A new Harvard survey reports that only 42 percent of those between 18 and 29 support capitalism, while 51 percent say they do not. It has been suggested that such views may be traced, at least in part, to the word capitalism. A plausible case could be made, particularly since many believe Karl Marx...
Read More »

The Big Short’s Oscar Win and Capitalism in Film »

My blogging colleague Bob Murphy did a nice job of reviewing The Big Short in January, but the film is worth revisiting in light of its Academy Award win for best adapted screenplay. Nominated for five awards, including Best Picture and Best Director, with fine acting by all the principals in the star-studded cast,...
Read More »

On Her 111th Birthday, Ayn Rand on Individual Rights, Liberty, and Government »

Few people have been more controversial than Alisa Rosenbaum. But few have heard that name, because the apoplectic responses are reserved for the new name she gave herself after she left Russia for America—Ayn Rand. Some people are devotees of everything Rand. Others use her name as a pejorative. Still others find some of...
Read More »

Douglass C. North (November 5, 1920 – November 23, 2015) »

I met Douglass C. North exactly forty-eight years ago, during the final week of 1967, when the American Economic Association was holding its annual meetings in Washington, D.C., and I went to Doug’s room at the Shoreham Hotel to be interviewed for a faculty opening at the University of Washington, where he was chairman...
Read More »

Giving Thanks for Stores that Open on Thanksgiving »

It’s that time of year again. Thanksgiving is upon us. Tomorrow, millions of us will join together with friends and family to celebrate the Holiday. The day after, “Black Friday,” kicks off the holiday shopping season with a variety of sales. Once again, these sales are bringing controversy with them. It’s not the fact...
Read More »

Atlas Shrugs »

Three months ago, the CEO of Gravity Payments, a Seattle credit card processing firm, announced that all of the firm’s employees would be paid a minimum of $70,000 a year, according to this story. Now, the firm has fallen on hard times, and some of the firm’s “higher valued” employees have quit. One employee...
Read More »

  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org