Posts


Distinguishing Capitalism from Growth

by James Magnus-Johnston Capitalism and growth might have similar connotations, but they have important distinctions, too. “Capitalism” has become a clumsy catch-all for any number of value-laden projections—greed, big business, innovation, accumulation, complexity, workaholism. “Growth,” meanwhile, is a landmine of technical and cultural connotations, and I’ll explore just a couple of them here. Technically speaking, […]


The Surprising Conclusion to an Important New Book

It’s rare to find a Wall Street Journal columnist (and a Ronald Reagan appointee) calling for a steady-state economy.


The Fallacy of the Tragedy of the Commons

Garrett Hardin seems to have made the some incorrect assumptions about human behavior — assumptions familiar to students of economics.