Free-market environmentalism combines the ideals of environmental protection with the principles of a free-market economy. It acknowledges that markets can provide powerful incentives for conservation and environmental stewardship, and that private property rights and contracts can be leveraged as tools to protect the environment. But how exactly does this work?
Tired of riding the fortunes of the weather, Australian farmers are increasingly turning to regenerative agriculture to sustain their land during periods of drought.
The distinctly human capacity for innovation has reduced hunger and poverty, and greatly expanded our life expectancies since the Industrial Revolution. Many industries may have contributed to the carbon crisis, but a new industry will be what solves it.
Joseph Schumpeter (1883-1950) was an Austrian economist and political scientist. Born in what is now the Czech Republic, he studied at the University of Vienna, and his publications were closely tied to the Austrian school of Economics.
To talk about the future of psychedelics, it’s important to know a few things about the past. For the entirety of recorded history, man has used plants to alter his consciousness. Every civilization that we know of, besides those living in barren arctic climates, have used some form of plant or fungus to explore their mind…
Capitalism can be viewed as an economic system that has been a driving force in many advanced economies, fostered growth and innovation, enabled people to lift themselves out of poverty, and greatly improved living standards. But it also has many staunch critics, who will argue that, regardless of outcomes or track records, it is a deeply harmful and exploitative system. So, to clear up any confusion, what really is capitalism, and what isn’t it?
Soylent Green (1973), a dystopian sci-fi movie, depicts a world suffering from overpopulation, climate change, and extreme inequality, where the rich exploit and own the poor, who survive on the evil Soylent Corporation’s processed plankton. As 2022, the year in which Soylent Green was set, has now passed, the movie’s grim predictions of overpopulation have proven misguided.
Bitcoin, an innovative, decentralized digital currency, faces significant criticism over its perceived negative environmental impact. However, it is no enemy of the environment. Here’s how it can be part of the future of clean energy…
In the 14 years since the Genesis Block, the first set of 50 BTCs, was mined in January 2009, Bitcoin’s profile and impact on the global economy has increased exponentially. Hundreds of millions of people around the world have begun to recognize the merits of the truly revolutionary concept of a decentralized peer-to-peer currency.
Developments in AI, such as the recent creation of ChatGPT, can be seen as world-changing in ways that should not be taken lightly. However, it clearly has immense potential for humanity, so long as we choose the right path. What are the parallels between the advent of nuclear fission and the rise of AI?
The United Nations recently announced that the world’s population is now estimated to have reached 8 billion — up from 7 billion as recently as 2011. This latest milestone has seen renewed alarmism from those who believe that the planet is already overpopulated.But is population growth really such a threat to humanity? There are many reasons to believe that, quite the opposite, population growth actually amplifies opportunities for tackling humanity’s greatest challenges.
The following is a lightly edited, slightly condensed transcript of the talk “Adam Darwin: Emergent Order in Biology and Economics,” presented by Matt Ridley at the Adam Smith Institute in 2012. I’ve called my lecture “Adam Darwin” to stress how congruent the philosophies of Adam Smith and Charles Darwin are. The common theme, of course, […]
To discover the Next Big Thing, you need to think outside the box.
The government issues thousands of new patents every week — each one a new regulation — with little to no oversight or review.
Jobs are the means, not the ends in themselves.
“Oh for the days of Ma Bell!” is not a lament we’re likely to hear. And for good reason. Before the breakup of AT&T, America’s telephone system was a government-sanctioned monopoly characterized by stagnant service offerings, high costs, and a glacial pace of consumer-facing innovation. So it was distressing when a federal appeals court engaged […]
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 […]
Like something straight out of a Neal Stephenson novel, Bitcoin has cyberpunk sex appeal. It foreshadows a radical change in the social and economic order and is shrouded with a mystique and aura that can be difficult to penetrate.
To survive, even the most successful companies have to be willing to quickly dispense with yesterday’s winning business plan
Would you give up air travel for $100,000? What about foregoing automotive travel for $500,000? Why or why not?
The petty tyrants that occupy county zoning offices or health departments are exactly why we can’t have nice things.
Two front-page stories in the Metro section of Monday’s Washington Post depict protected service providers desperately trying to fight off innovations that might serve customers better and threaten the comfortable incomes of the established providers.
“We’re going to need to see your birth certificate,” the manager said, making a notation on my employment application, “But you’re hired. Show up a 10 a.m. on Thursday for training.” I was too young and dumb to realize he was calling my bluff. I had to be 16 to take the job and I […]
It’s not BlackBerry’s fault the Apple iPhone has become the go-to smartphone for consumers worldwide.