Capitalism
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Keeping Cool: The Air Conditioner That Changed America
The time price of air conditioning has fallen 98.6 percent since 1952. That ordinary luxury saves lives every summer.
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Does Funding Research Give Government a Claim to Tech Firms?
Public research may contribute to private innovation, but causal influence does not give government an ownership stake.
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Ozempic Sat Unused for Decades Because Invention Is Not Enough
Pfizer knew GLP-1s worked in 1990, but didn’t see their potential. The 30-year detour shows entrepreneurship matters as much as raw invention.
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America Doesn’t Need a New East India Company
From semiconductors to artificial intelligence, modern proposals for public ownership risk repeating the mistakes Smith identified 250 years ago.
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How the Left Convinced Young People That Wealth Is Taken, Not Earned
Frustration with high costs has made younger generations more receptive to claims that wealth requires exploitation. But envy-driven attacks only limit our future opportunities.
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World’s First Net-Worth Trillionaire Shows Us How Markets Price the Future
Behind the headline figure lies a deeper economic story: financial markets assigning enormous value to long-duration, high-risk technological bets.
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Is ‘Ethical’ Coffee Morally Superior? Information Problems Haunt Conscious Consumers
Fair trade, organic, reef-safe, rainforest friendly, cruelty-free: are ethical labels useful signals, or simply morality as marketing?
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Ancient Clay Tablets Show Markets Worked 4,000 Years Before Economists Explained Them
Clay tablets unearthed in Asia Minor reveal a sophisticated commercial order emerging spontaneously nearly four thousand years before economists explained how markets work.
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Are OPEC’s Days of Dominance Over? Why the Cartel Is Cracking
Once a dominant force in global energy markets, OPEC is facing growing fragmentation from within and intensifying competition from without.
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The Razor’s Edge of Progress: How King Gillette Built an Abundance Revolution
With a pioneering slice of steel, the inventor demonstrated how know-how can redeem our scarcest resource: time.
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Keeping Cool: The Air Conditioner That Changed America
The time price of air conditioning has fallen 98.6 percent since 1952. That ordinary luxury saves lives every summer.
-
•
Does Funding Research Give Government a Claim to Tech Firms?
Public research may contribute to private innovation, but causal influence does not give government an ownership stake.
-
•
Ozempic Sat Unused for Decades Because Invention Is Not Enough
Pfizer knew GLP-1s worked in 1990, but didn’t see their potential. The 30-year detour shows entrepreneurship matters as much as raw invention.
-
•
America Doesn’t Need a New East India Company
From semiconductors to artificial intelligence, modern proposals for public ownership risk repeating the mistakes Smith identified 250 years ago.
-
•
How the Left Convinced Young People That Wealth Is Taken, Not Earned
Frustration with high costs has made younger generations more receptive to claims that wealth requires exploitation. But envy-driven attacks only limit our future opportunities.
-
•
World’s First Net-Worth Trillionaire Shows Us How Markets Price the Future
Behind the headline figure lies a deeper economic story: financial markets assigning enormous value to long-duration, high-risk technological bets.
-
•
Is ‘Ethical’ Coffee Morally Superior? Information Problems Haunt Conscious Consumers
Fair trade, organic, reef-safe, rainforest friendly, cruelty-free: are ethical labels useful signals, or simply morality as marketing?
-
•
Ancient Clay Tablets Show Markets Worked 4,000 Years Before Economists Explained Them
Clay tablets unearthed in Asia Minor reveal a sophisticated commercial order emerging spontaneously nearly four thousand years before economists explained how markets work.
-
•
Are OPEC’s Days of Dominance Over? Why the Cartel Is Cracking
Once a dominant force in global energy markets, OPEC is facing growing fragmentation from within and intensifying competition from without.
-
•
The Razor’s Edge of Progress: How King Gillette Built an Abundance Revolution
With a pioneering slice of steel, the inventor demonstrated how know-how can redeem our scarcest resource: time.