All of the brainpower and raw materials that go into evading liquor laws or helping people pass drug tests could have been used for something more valuable (like just making more beer).
Evoking images of sinister railroad barons, scholar Lina Khan argues that antitrust officials should stop this acquisition.
On the 8th anniversary of Minecraft’s launch, let’s take a moment to appreciate just how great it is.
The rapid decline of poverty over the past forty years shows that there has never been more hope for rising incomes among the poor. We can help them best by promoting mobility through economic freedom.
Any entrepreneur who succeeds in reducing costs faced by a laborer who suffers from a disability can earn a profit.
Last night, millions of movie buffs, entertainment fiends, and celebrity gawkers from across the globe tuned in for the Oscars. While a few of us aficionados waited with bated breath for the announcement of Best Live-Action Short (Timecode was robbed!), for many viewers the awards ceremony isn’t the main event: The red carpet is what […]
Capitalism—stronger than any border wall or immigration ban—remains a resilient and deeply American system.
It’s safe to say that six years ago, we had no idea what we were doing.
If you missed the Reddit AMA with Isaac Morehouse last week, fear not! We’ve taken the liberty of compiling some of the highlights for your viewing pleasure.
Join us on Reddit for an AMA (“ask me anything”) discussion with Isaac Morehouse on Tuesday, January 24th, at 3:00pm EST.
The free-market concept is simple — private property owners should be able to preside over whatever policies they want.
When fans of Star Trek or Harry Potter write their own stories or make their own films or music set in those universes, are they hurting the original art or its creators? Or are they in fact making new art and adding something positive to the world?
Imagine a society that always encouraged you to make the right choices without forcing to make those choices.
The petty tyrants that occupy county zoning offices or health departments are exactly why we can’t have nice things.
A good part of the ethics of enterprise is reflected in the integrity, discipline, and quality of character that must enter into those individuals who choose the role of entrepreneurial leadership.
This behavior means that even the greediest of businessman, to make money, has to identify with the needs and wants of others, put them in the shoes of others, and help solve problems.
The beauty of the market is that it rewards people for creating value for others. Discover new means of creating value means trying new things, being entrepreneurial, and, yes: failing.
Fans of increased government intervention in the economy often like to justify their position by pointing to the success of the moon landing. “If we can put a man on the moon,” the refrain goes, “we can surely rebuild our crumbling infrastructure (or provide everyone with healthcare, etc.).” There’s no question the moon landing was […]
In order to label a country “capitalist” there must be complete freedom of association and private property. There is a limited government in place, but the government would be a referee, not a player. It would be outrageous to watch ESPN and hear, “The ref had a great game! He sacked the quarterback twice and […]
One of the most valuable economic insights is that human creativity is The Ultimate Resource. (The great economist Julian Simon wrote a book by that name.) It follows that as long as we are free to use our creativity, we don’t have to worry about running out of resources. Truly, human creativity makes resources of […]
Earlier this year, I was making travel arrangements for a trip to Charleston. I booked my flight and hotel, and was about to book a rental car when I thought “wait a second. Charleston has Uber, doesn’t it?” It does, and I took UberX—the service that allows anyone who meets Uber’s requirements to drive for […]