Introduction Adam Smith, the man often called the father of modern economics, is widely misunderstood. Many people imagine him as a champion of greed, a thinker who believed that selfishness ...

Explore Zohran Mamdani's vision of democratic socialism, economic democracy, and its implications for progressive politics in ...

With the 250th anniversary of The Wealth of Nations approaching next year, the world is gearing up to honour Adam Smith. But which Smith should be recognised? The hard-nosed "founding father" of ...

If mission command is the soul of Western military leadership, command responsibility is its legal conscience — the doctrine that ensures decentralised empowerment does not dissolve into moral drift.

Professor Hülsmann’s rejoinder to my earlier reply is, as always, elegantly written and guided by the spirit of collegial debate. Yet, despite its rhetorical ...

Republicanism and the Formation of Karl Marx’s Social and Political Thoughtby Bruno LeipoldPrinceton University Press, 2024, ...

Fiscal conservatives, including most Republicans, love to extol the virtues of the free market. They’re referring, of course, to the autonomous, self-regulating mechanism of perfect competition lauded ...

Laissez-faire economics promotes minimal government intervention in market activities. Adam Smith's idea of the "invisible hand" suggests markets regulate themselves without government aid. Reagan-era ...

One of the most enduring myths of American history is that Herbert Hoover was a laissez-faire advocate who “did nothing” ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Endogenous growth theory suggests that ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Robert Kelly is managing director of ...