Explore the core differences between capitalism and socialism in market dynamics, ownership, and economic equality with examples of countries implementing these systems.

Discover how government impacts capitalism, regulation, and free markets. Explore different economic theories and their views on state intervention.

From its beginnings, the capitalist economic system produced both critics and celebrants, those who felt victimized and those who felt blessed. Where victims and critics developed analyses, demands, ...

Polling shows clear majorities of both Republicans and Democrats want free markets and entrepreneurship over government coordination.

"The social dislocation associated with capitalism was so severe that, as of the most recent year of data, in many countries key welfare indicators remain lower than they were hundreds of years ago." ...

The Biden administration may usher in a new period of reform, but history shows that it’s unlikely to last if our economic system remains intact. Students arrive at Finsbury Square in London on ...

The looming election has brought forward intensifying debates over a capitalism in crisis, rising nationalism and state power, and the possibility of a renewed fascism. Polarized politics and ...

During a lecture in my Modern Political Economy class this fall, I explained—as I have to many students over the course of four decades in academia—that capitalism’s adaptation to globalization and ...

In a matter of weeks, Covid-19 spurred seismic shifts in how we work, learn and transact, and it helped usher in a new era that is smarter and fairer. T he surreal year 2020 produces a personal ...

We should know Adam Smith as the father of capitalism. His crowning achievement became free market gospel, but somehow he is left out of the Wall Street brochure. The ignorance of Adam Smith’s ...

These days, it can feel like Americans across the political divide cannot agree on much of anything. But there is encouraging news: When it comes to the economic foundations of human progress and flou ...

The looming election has brought forward intensifying debates over a capitalism in crisis, rising nationalism and state power, and the possibility of a renewed fascism. Polarized politics and ...