Profiles

The advantages of the corporate form — limited liability and raising capital — have been known for as long as mankind has had the technology to produce useful things whose production is too expensive for a single investor to handle.

Brad Edmonds reminds us that medical research, technology in general, indeed any human endeavor, can be a wonderful avenue for human progress provided it exists within the framework of freedom as versus state control.

What free-marketeers don't always make explicit is that the government and media Chicken Littles are right in part: Corporations are indeed out to make a profit. Of this point we must first observe the first lesson of business economics, as taught by the classical school markets in the 18th century...

We invent great ideas, and the Japanese—Honda in particular—adopt them and put them to work.

Steve Forbes, the wealthy publisher-presidential hopeful, can be an eloquent defender of free enterprise. But there's another side, too, which was revealed in a recent group discussion on economics that took place on Fox News Channel. Forbes's comments revealed a complete lack of understanding of...