Economic Systems

A professor at Lycoming College actually believes we should take a page from Karl Marx. Don’t wait for his fellow academics will call him out.

Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom and prosperity is the radical one: a pure market economy.

Our population is expected to grow to over 9 billion by 2050, yet the ability of our environment to provide space, food, and energy are limited. Explore population growth from 1 CE to 2050, see how our numbers impact the environment, and learn about the key advances and events allowing our numbers to grow.

The only route to more efficient government is radically shrinking its role.

Javier Milei has garnered significant global attention over the past year, and it’s not hard to see why. The iconoclastic president of Argentina has been

Editor’s note: Marianna Davidovich, head of external relations at FEE, recently published a booklet titled The Buried Stories of Communism & Socialism,

In recent months, Venezuela has been in the world’s spotlight, unfortunately for bad reasons. Despite international pressure, dictator Nicolás Maduro refused

Institutions are the rules of the game that shape human behavior. They include laws, codes of conduct, and both formal and informal customs that structure

Recession looms in the land of the long white cloud, but it’s not just young workers being lured across the sea

Perhaps the most amazing fact in all of economic history is the unprecedented rise in wealth per person that has taken place in the last two centuries,

Does capitalism make us more free or less? Does it leave us at the mercy of employers and big corporations, or does it respect our ability to make our own c ...

President Nicolás Maduro ordered a 10-day block on access to X in Venezuela, accusing Elon Musk of using the social network to promote hatred after the country’s disputed presidential election.

That amounts to some 10% of the nation's total population. The surge highlights flaws in both right and left-wing positions on Cuba.

People don’t always get what they deserve under capitalism. But there’s nothing wrong with that.

Is history marching inevitably towards centrally planned socialism, as Karl Marx proclaimed? Or is the best path to continued progress and expanding prosperi...

Explore how technical and social structures co-evolved over five centuries in this large-scale research visualization.

"What these stories all have in common is that these nations rose from poverty by embracing a common formula: more economic freedom and free trade... not international aid or central planning." ~Jon Miltimore

This doesn't make socialism look very attractive.

"A clip going viral on social media reveals that this marvelous invention could only be produced in a capitalist system." ~Jon Miltimore

Most Americans have been taught their whole lives that the USSR was hell on earth, but how are they to react when they’re given sources that say things like how CIA data shows that Soviet citizens lived better lives than Americans or that the Soviet Union abolished homelessness? These claims are obviously false, but skeptics of capitalism and America writ large find them enticing.

Footage of green-fingered BBC presenter obscured from waist down to hide ‘symbol of US imperialism’

The star standouts in this year’s NCAA tournament aren’t teenage sensations bound for the NBA. Instead, they’re some of the oldest players on the court.

There’s a common perception that economics is about material prosperity. That’s certainly part of it, but it’s also about creating a better world where people can thrive.

Preface When a socialist says he wants to give you “the ABC’s of socialism,” you can be sure that’s as far into the alphabet as he’ll want to go. Happy talk, vague promises, political programs, perhaps an angry, envy-soaked tirade or two against the rich—but not much at all about where all that leads. That […]

East/West Germany's phantom bordersMore below pic.twitter.com/mSe9fh668Y— Tomas Pueyo (@tomaspueyo) February 14, 2024

Argentina's libertarian President Javier Milei praised free markets and slammed socialism at Davos on Wednesday (January 17) during the first overseas tour f...

The world today isn’t perfect, but we’ve come a long way in the last 200 years. It didn’t happen by chance. The Building Blocks of Prosperity examines the role governments and individuals have played in delivering this prosperity and asks what must be done to ensure even more progress in the future.

If we want to stop young people from being disillusioned with capitalism, we need to honestly acknowledge the problems they're facing instead of dismissing them.

FSU coach Mike Norvell on today’s decision ⬇️ pic.twitter.com/C7CLT4imQP— Adam Rittenberg (@ESPNRittenberg) December 3, 2023