John D. Rockefeller’s Special Gift to the World

Whether derided as a devil of modern industry or hailed as a saint of modern philanthropy, oil tycoon John D. Rockefeller remains a controversial figure. Although the reality of the man is surely complex, those who attack his legacy tend to indulge in more than a few historical errors and economic myths, painting him as a supreme symbol of all that is wrong with industrialization and capitalism. Continue Reading...

Entrepreneur Day

Today at the Library of Law and Liberty, I take a cue from probablist Nassim Nicholas Taleb and call for the commemoration of a National Entrepreneurs Day: One has been proposed in the U.S. Continue Reading...

Have Cookies Convinced the Pope About Capitalism?

Based on their latest headline, it looks like someone from the Acton Institute is writing for the The Onion: Pope Francis Reverses Position On Capitalism After Seeing Wide Variety Of American Oreos As the article says: Admitting the startling discovery had compelled him to reexamine his long-held beliefs, His Holiness Pope Francis announced Tuesday that he had reversed his critical stance toward capitalism after seeing the immense variety of Oreos available in the United States. Continue Reading...

Is Free Market Capitalism Moral?

Is free market capitalism moral or immoral? If it’s based on greed and selfishness, should it be rejected for an alternative economic system? And if capitalism is moral, what makes it so? Continue Reading...