At their presidential campaign stops, U.S. Senators Bernie Sanders and Elizabeth Warren charged that American capitalism has, since the early 1970s, been "rigged" and "corrupted" by the rich and powerful for self-aggrandizement, to the detriment of middle- and lower-inc...

[t]he idea of decline consists of two distinct traditions. For every Western intellectual who dreads the collapse of his own society (like Henry Adams or Arnold Toynbee or Paul Kennedy or Charles Murray), there is another who has looked forward to the event with g...

A Liberty Classic Book Review of The Economic Point of View: An Essay on the History of Economic Thought, by Israel Kirzner.1 What is economics, really? One popular answer to this question is: who cares? Economics is what economists do. Frank Knight famou...

A Book Review of Everything I Ever Needed to Know About Economics I Learned from Online Dating, by Paul Oyer.1   Match.com, eHarmony, and OkCupid, it turns out, are no different from eBay or Monster.com. On all these sites, people come together trying...