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Economics

  • How We Can Do Good By Doing Well

    How We Can Do Good By Doing Well0

    Among economists’ insights over the last almost 250 years, one of the keenest is that one can do good while doing well. The idea traces to Adam Smith. It means capitalists’/entrepreneurs’ pursuit of profit can have favorable consequences for the community at large – and not just for capitalists and entrepreneurs. It applies equally to landowners and

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  • Huge Baseball Contracts Come With Record Breaking Taxes

    Huge Baseball Contracts Come With Record Breaking Taxes0

    In the past week, several record-breaking contracts were signed by Major League Baseball players. Stephen Strasburg, the 2019 World Series MVP, was first, re-signing with the Washington Nationals on a seven-year, $245 million deal. That was a record for the largest contract ever for a pitcher, both in terms of total value and in annual average

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  • When Communists Abolished the Weekend

    When Communists Abolished the Weekend0

    Anti-capitalists on both left and right tell us that “capitalism” is destroying the weekend. The conservatives insist we need laws to punish people who try to sell things on Sunday. Leftists insist “unbridled capitalism” is destroying the weekend, which “lets us cultivate the seeds of civil society…” But it’s not capitalism that’s doing this dirty work. The decline of

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