Is economics an ideology?

‘Ludwig von Mises’ by Ludwig von Mises Institute CC BY-SA 3.0 Richard H. Spady, research professor of Economics at Johns Hopkins, has recently published a piece at First Things entitled ‘Economics as Ideology’ in which he explores some contemporary trends among economists and their use of economics as a Procrustean bed to reshape society in its own image, A body of thought is “ideological” when it will­fully projects its own first principles on its subject matter and actively seeks, perhaps unconsciously, material changes to bring social realities into conformity with these first principles. Continue Reading...

Is Elizabeth Bruenig even a socialist?

‘Sailing into the Trollfjord’ by Grant from Oslo, Norway CC BY-SA 2.0 Elizabeth Bruenig, columnist for the Washington Post, yesterday published an opinion piece entitled, ‘Let’s have a good-faith argument about socialism’ responding to some critics of her earlier piece, ‘It’s time to give socialism a try’. Continue Reading...

Give socialism a try? Let’s not.

“Yeah, well, you know, that’s just, like, your opinion, man” – Jeffrey “The Dude” Lebowski played by Jeff Bridges. ‘Jeff Bridges speaking at the 2017 San Diego Comic-Con International in San Diego, California’ by Gage Skidmore CC BY-SA 3.0 Elizabeth Bruenig, columnist for the Washington Post, yesterday published an opinion piece entitled, ‘It’s time to give socialism a try’. Continue Reading...

Misreading capitalism

‘A statue of Adam Smith on Edinburgh’s Royal Mile’ by Zenit CC BY-SA 3.0 At this year’s LibertyCon Byran Caplan, Economist at George Mason University, and Elizabeth Bruenig, columnist for the Washington Post, debated the perennial question of ‘Socialism vs. Continue Reading...

How black businesses helped save the civil rights movement

Behind towering figures like Rosa Parks and Martin Luther King, Jr. were the taxi dispatchers, pharmacists, grocers, and other small business owners who were instrumental in making civil rights a reality, says Louis Ferleger and Matthew Lavallee: The story of the Montgomery bus boycott usually focuses on two key figures: Rosa Parks and Martin Luther King. Continue Reading...