Capitalism

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Joshua Mawhorter

One of the most enduring myths of American history is that Herbert Hoover was a laissez-faire advocate who “did nothing” while the US economy slid into depression. How did he gain this undeserved reputation?

Lipton Matthews

The New York Times claimed in its 1619 Project that plantation slavery was the basis for American capitalism. However, research shows that the plantations were anything but capitalist enterprises.

William L. Anderson

History Professor Heather Cox Richardson has grown very wealthy using her writings to attack the creation of wealth itself. While her columns are popular, they also are filled with economic illiteracy.

Frank Shostak

Contra the recent winners of the Nobel Memorial Prize in economics, free markets, private savings, and entrepreneurship not so-called innovation, is what drives a market economy.

Jesús Huerta de Soto

Professor Jesús Huerta de Soto gives his acceptance speech of Argentina’s Order of May for Merit Award this year in Buenos Aires, Argentina.

William L. Anderson

Henry Hazlitt wrote in Economics in One Lesson that each generation has to relearn economic fallacies that government employs when implementing bad policies. New Yorkers are about to learn a lot of new lessons.

Zhang Shizhi

In their 1990 paper, “A Model of Growth Through Creative Destruction,” 2025 Nobel winners Philippe Aghion and Peter Howitt attempt to formalize Joseph Schumpeter's theory of “Creative Destruction.” Their mathematical model is not creative, but it is destructive of the theory itself.

Holden Mitrione

AI doomerism and neo-Luddite sentiments have become increasingly prevalent in recent discourse.