A new history by Trevor Jackson argues that the economic system that transformed global living standards depends on endless ...

Although the American economic system has undergone significant change since colonial times, there are identifiable threads running through the centuries-long narrative. Chief among these are the ...

Forbes contributors publish independent expert analyses and insights. Author, professor and founder. Deeply curious about leadership. Churchill once quipped that democracy was “the worst form of ...

This year marks the 250th anniversary of "The Wealth of Nations"—and capitalism is facing a legitimacy crisis. What comes ...

Nineteenth century socialists and radicals were animated by the belief that the labor of society, properly deployed, could usher in a society characterized by comfort, cooperation, and leisure.

If capitalism had been overthrown as quickly as Karl Marx and Friedrich Engels had at first expected, John Cassidy’s sprawling “Capitalism and Its Critics” would have been shorter and easier to write, ...

As both right- and left-leaning forms of socialism gain traction in pockets across America, we risk losing sight of the core principles that made it the most prosperous, innovative, and ...

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The reading public now has available a large number of books on the ills of our society and economy. Most of them use, as a focal point, something called “capitalism.” The term began life as an ...

Though admirable as a humanist ideal, study after study has shown that in the real world socialism doesn’t work very well. Sadly, it leaves the work force insufficiently motivated to put forth its ...

Are you feeling bad? Sad? Lonely? Despondent about your life? Anxious about politics? Angry about the state of the world? The gurus and influencers and deep thinkers of the internet have identified ...