The Scottish economist dedicated his life’s work to understanding the consequences – moral, social and political – of capitalism. Both neoliberals and leftwingers claim his legacy.
Young people might take on a lot of debt without considering its consequences for their older years. A philosopher makes a case for laws to limit that debt as a duty toward self.
In economics classes, relentless growth is an unquestioned dogma. Yet this same economic growth is rapidly ripping apart the ecological foundations of our world.
The shutdown is highlighting the crucial role government plays in the lives of citizens and businesses, offering a reminder of its fundamental value to the economy.
The end of effective antibiotics will be frightening. Life expectancy will fall dramatically and people of all ages will die from illnesses that we are used to treating with $10 worth of pills.
Nailed to the door of the London School of Economics, the ‘33 Theses’ offer a long overdue challenge to economics dogma. But there are omissions as well.
While free markets have delivered benefits, they also prey on our weaknesses, tempting us to buy things that are bad for us, be it sweet candy or sour investments.
To burnish the virtues of “civilised” Europe, Adam Smith relies on a barrage of racial insults. Where did his information about the so-called “savage peoples” come from in the first place?