In their 1990 paper, “A Model of Growth Through Creative Destruction,” 2025 Nobel winners Philippe Aghion and Peter Howitt ...

With the constant barrage of news, it is easy to focus on the president’s newest outrage. Less obvious, permanent damage is being done to our republic’s founding principle of “democratic capitalism.” ...

Among the criticisms of capitalism is that it supposedly creates meaningless jobs created by villainous capitalists to keep ...

Yes, says Columbia Law School Professor Katharina Pistor, who shows in her book how the legal underpinnings of the system ...

In the nine months since President Donald Trump began his second term, the state has taken unprecedented action in the U.S. private sector. The departments of Commerce, Defense, and Energy have ...

We’re coming up, in two years, on the fiftieth anniversary of the publication of Albert Hirschman’s The Passions and the ...

In a Pew Foundation opinion survey report in September of 2022, it was found that only 46 percent of Democrats had a “positive” view of capitalism, down from 55 percent in 2019. On the other hand, 74 ...

The share of registered voters with positive views of capitalism has dropped under 50% for the first time in seven years of ...

In the brilliant Capitalism, Socialism and Democracy, economist Joseph Schumpeter argues that capitalism’s economic success, paradoxically, eventually undermines its necessary social foundations.

Yesterday I claimed that most people on the left and right recognize that economics and morality can’t be safely quarantined from each other. But whereas those on the left usually start with questions ...