Everyone wants to claim the economic thinker as their own.
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.
The word ‘neoliberal’ gets thrown around a lot, often with differing and even contradictory meanings. Here, a political economist explains the origins and evolution of this complex concept.
It’s time for a new brand of democratic liberalism that understands and harnesses the power of markets for social and economic good.
Uber’s downsides are well publicised, but it may have a big social benefit in helping to reduce the incidence of drunk driving.
Competition in the marketplace for ideas is different to competition in the market for ordinary goods and services. Bad ideas don’t necessarily get trashed.
After the pandemic is over, grocery workers and nurses will still be essential. But will they be paid any better?
Conservatives worldwide favor carbon pricing, cap-and-trade systems and other innovative environmental plans – just not in the United States.
Carbon pricing is the most market-based means of addressing the climate crisis, yet it is strongly opposed by politicians that claim to support free markets.
For economics to play a more helpful, critical role, it must abandon blind faith in the free market and embrace the social, historical, and environmental context in which economics actually happens.
The history of Britain’s vote to exit from the European Union, known as Brexit, is not a tale of populist resentment toward globalization. It is a top-down story of leaders and elite ideology.
From the 20th-century process of policy trial and error, the nations that married the strengths of markets and government came out ahead.
Electricity retailers need to make their prices and offers more transparent and easier for customers to understand, or risk having to submit to price regulation to drive down bills.
New minister Arthur Sinodinos seems all for the innovation catch-cry but perhaps it’s time he dropped it.
The United States and other countries are right to reject the TPP, but President-elect Donald Trump’s claims about it are misguided.
Are the Libertarians a viable alternative to Hillary Clinton or Donald Trump? A political philosopher who studies economic justice looks at the platform.
May’s plans to transform business are more radical than they first appear.
A Brave New World of worklessness and a universal wage is attracting advocates across the political spectrum.
The best guard against a free market’s downsides and consumer culture is for individual consumers to take responsibility for their choices.
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.