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October 11, 2019|Free Markets, NBA, Social Justice, Stakeholders, woke capital

The Blowback Dividends of Woke Capitalism

by Richard M. Reinsch II|

BEIJING, CHINA - OCTOBER 09: A display is seen near a logo outside the NBA flagship retail store in Beijing. (Photo by Kevin Frayer/Getty Images)
The real legacy of woke capital gives shape to an outrage style in politics, one that ultimately threatens free markets.

January 24, 2019|autarky, central planning, economic disruption, Free Markets, Karly Polyani, socialism

Not Even Socialists Can Escape Economic Dislocation

by James R. Rogers|

Image: Firma V / Shutterstock.com
Let's conduct a thought experiment: when you blame markets for a bad outcome, ask yourself whether a planned regime would suffer the same results.

January 23, 2019|Crony Capitalism, Free Markets, rent-seeking, Tucker Carlson

The Harder Question Tucker Carlson Raises for Conservatives

by James R. Rogers|

Tucker Carlson on stage at Politicon 2018 at the LA Convention Center on October 21, 2018 in Los Angeles, California. Credit: The Photo Access/Alamy Live News
One can concede the ills Carlson identifies without conceding that the “free market” caused those ills.

July 18, 2018|entrepreneurship, Free Markets, Israel Kirzner, Protectionism, subsidiarity, Subsidies

What Local Governments Need to Learn to Nurture Local Prosperity

by Garreth Bloor|

(image contributed to shutterstock.com by Cary Kalscheuer)
Research tells us that local government regularly infringes the rule of law even when acting in the name of decentralization or federalism.

April 9, 2018|Blaise Pascal, existentialism, Free Markets, Friedrich Nietzsche, G.W.F. Hegel, Jean Paul Sartre, Soren Kierkegaard, William Irwin

Free Markets and Existentialism: A Curious Coterie

by Alexandra Hudson|

View of Les Deux Magots cafe in the 6th arrondissement in the Saint-Germain des Pres area of Paris, a favorite spot of Sartre and de Beauvoir. (E.Q. Roy / Shutterstock.com)
William Irwin's effort to marry a market ethos to existentialism offers lessons about the necessity of grounding free exchange in a moral code.

January 25, 2018|Charles de Gaulle, Free Markets, Jacques Rueff, John Maynard Keynes, monetary policy

Jacques Rueff: Statesman of Finance and “l’anti-Keynes”

by Samuel Gregg|

French economist and adviser to the French Government Jacques Rueff at his home in Berville, 1965. (Photo by Henri Bureau/ Getty Images)
Rueff considered Keynes’s ideas to be counterproductive because they gave governments excuses to avoid responsibility

October 6, 2017|Centesimus Annus, First Things, Free Markets, globalism, Michael Novak, The Spirit of Democratic Capitalism

Getting Global Markets Wrong

by James R. Rogers|

Michael Novak

Editor’s note: This essay appeared in Capitalism and the Common Good According Michael Novak: A Law and Liberty Symposium on First Things

First Things editor R.R. Reno, a good friend of 25 years, is surely right that Michael Novak’s classic book, The Spirit of Democratic Capitalism (1982), is a work birthed in response to intellectual trends of the 1960s and 1970s.

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November 28, 2016|Crony Capitalism, Free Markets, Pareto outcome, Prisoner's dilemma, Protectionism

Labor, Capital, and the Rigged Economy

by James R. Rogers|

No one likes being in a prisoners’ dilemma. The tragedy of the prisoners’ dilemma, as it were, is that all the players in the game can see the cooperative, Pareto-superior outcome, but they can’t reach it, at least not without changing the game. They can’t reach it even though it’s right there, seemingly within grasp, and even though they all agree they’d all be better off if they did reach it.

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March 13, 2016|Antonin Scalia, Free Markets, human nature, Limited Government, Originalism, Ronald Reagan

Scalia with Reagan: An Iconic, but Fading, Photo

by John O. McGinnis|

Many obituaries of Antonin Scalia were accompanied by a picture of the justice and Ronald Reagan standing together on the day of his nomination. And that photograph perfectly captures Scalia’s importance to the American polity. Scalia changed our jurisprudence as much as Reagan changed our politics.

In an essay at City Journal I explore some of the deep connections between these two iconic figures of the conservative movement:

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November 9, 2015|2008 financial crisis, Free Markets, George A. Akerlof, Phishing for Phools, Robert J. Shiller, Suze Orman

Beware of Nobel Laureates Bearing Snake Oil

by John Tamny|

Suze Orman writes for an audience in search of investment advice and financial security, and her great success can be measured in numerous bestsellers. An Orman book sells really well because it properly makes simple what is simple: the common-sense path to financial health. Unsurprisingly, Orman doesn’t much excite economists, whose profession seems intent on turning human action into that which is bland and utterly incomprehensible. Economists “find her investment advice simplistic,” write George A. Akerlof and Robert J. Shiller, adding that “Our economist friends cannot stand [Orman’s] mommy-knows-best/I-told-you-to-do-that voice.” Yet their book Phishing for Phools: The Economics of Manipulation and Deception uses…

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Book Reviews

A Mirror of the 20th-Century Congress

by Joseph Postell

Wright undermined the very basis of his local popularity—the decentralized nature of the House—by supporting reforms that gave power to the party leaders.

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The Graces of Flannery O'Connor

by Henry T. Edmondson III

O'Connor's correspondence is a goldmine of piercing insight and startling reflections on everything from literature to philosophy to raising peacocks.

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Liberty Classics

Rereading Politica in the Post-Liberal Moment

by Glenn A. Moots

Althusius offers a rich constitutionalism that empowers persons to thrive alongside one another in deliberate communities.

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James Fenimore Cooper and the American Experiment

by Melissa Matthes

In The American Democrat, James Fenimore Cooper defended democracy against both mob rule and majority tyranny.

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Podcasts

Stuck With Decadence

A discussion with Ross Douthat

Ross Douthat discusses with Richard Reinsch his new book The Decadent Society.

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Can the Postmodern Natural Law Remedy Our Failing Humanism?

A discussion with Graham McAleer

Graham McAleer discusses how postmodern natural law can help us think more coherently about human beings and our actions.

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Did the Civil Rights Constitution Distort American Politics?

A discussion with Christopher Caldwell

Christopher Caldwell discusses his new book, The Age of Entitlement.

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America, Land of Deformed Institutions

A discussion with Yuval Levin

Yuval Levin pinpoints that American alienation and anger emerges from our weak political, social, and religious institutions.

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About

Law & Liberty’s focus is on the classical liberal tradition of law and political thought and how it shapes a society of free and responsible persons. This site brings together serious debate, commentary, essays, book reviews, interviews, and educational material in a commitment to the first principles of law in a free society. Law & Liberty considers a range of foundational and contemporary legal issues, legal philosophy, and pedagogy.

The opinions expressed on Law & Liberty are solely those of the contributors to the site and do not reflect the opinions of Liberty Fund.
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