Wonder Information Tag

Lazear points to several specific examples. First, China: in the 1980s, the Chinese Communist government began to adopt market-based reforms. Lazear finds that the market reforms, as skeptics of capitalism would predict, did increase income inequality. But, more importantly, the market reforms lifted millions of...

(Don Boudreaux) TweetIn this seven-and-a-half-minute-long speech, Dan Hannan tells the House of Lords that fear of Covid-19 caused many people to resort to their “paleolithic heuristics,” and that “the world into which we emerge from lockdowns will be poorer, colder, more pinched, more authoritarian.” Indeed....

(Don Boudreaux) Tweet… is from page 66 of Tom Palmer’s 2011 essay “Adam Smith and the Myth of Greed,” as this essay appears in the 2011 collection The Morality of Capitalism: What Your Professors Won’t Tell You (Tom Palmer, ed.): A common mistake is to identify the...

Environmentalists tend to be suspicious of capitalism. In some cases, this suspicion bleeds over into outright hostility. Capitalism is often seen as the source of environmental problems such as pollution, resource depletion or blights on the landscape. And certainly the early stages of economic development...

Journalism is hard. To portray the world accurately to a layman audience without delving into the complexities and nuances of the universe we inhabit, writers must always simplify, explain, and make difficult content relatable for their readers. You can do this well and comprehensively, and...

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(Don Boudreaux) Tweet… is from page 14 of the late, great Julian Simon’s Introduction to his brilliant 1995 edited volume, The State of Humanity: When considering the state of the environment, we should think first of the terrible pollutions that were banished in the past century or wo...