If we focus only on values, we may ignore incentives and end up creating shortages, black markets, or unintended consequences ...

Morality has always been an essential part of economics. While much of economics is descriptive — determining the values of economic indicators, such as unemployment rate, inflation — the other half ...

Western societies are routinely denounced from within and without for the sin of selfishness - a sin attributed to them by the market system. In its milder form, the anti-market demonology is fuelled ...

(RNS) — Ordinary families are being asked to carry the costs of an energy system that enriches a few while leaving ...

Coal shovels at work in Randolph County, Illinois c. 1970. Katy McClelland/Flickr. (CC 2.0 by-nc-nd)You know something is grotesquely wrong when the 80 richest people in the world have as much wealth ...

Forbes contributors publish independent expert analyses and insights. I write about 21st century leadership, Agile, innovation & narrative. This voice experience is generated by AI. Learn more. This ...

In January I attended a panel discussion at the American Enterprise Institute on the topic of how emotion or repugnance works as a constraint on markets. The discussion was based on the research of ...