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Economics

  • Differences in Outcome Do Not Imply Discrimination

    Differences in Outcome Do Not Imply Discrimination0

    People often claim that differences in outcomes between two racial or ethnic groups are proof of discrimination. For example, Jews account for just 0.2 percent of the world’s population, but they make up over 20 percent of all Nobel Prize laureates. Clearly, the argument goes, there must be some conspiracy afoot. The same line of

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  • Thanks to State Control, Doctors Have Become Gods

    Thanks to State Control, Doctors Have Become Gods2

    My wife often poses the joke “Do you know the difference between doctors and God?” with the punchline being “God doesn’t think he’s a doctor.” The atrocious behavior of my neurosurgeon made me wonder: How does anyone get away with acting like this? In part one of my deep brain stimulation to fix the tremors in my hands, two holes are

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  • Karl Marx’s Obsession With the Devil

    Karl Marx’s Obsession With the Devil17

    It’s well known that Communism killed 100 million people — but few are aware of the obsession Communism’s founder Karl Marx had with the Devil. Karl Marx (1818–1883) is the economist and social theorist whose enduring footprint on the world is the political system known as Communism. Born in Germany but spending most of his

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  • An Economy That Only Works for the Rich and Powerful Is Not a Capitalist Economy

    An Economy That Only Works for the Rich and Powerful Is Not a Capitalist Economy0

    Capitalism is disappearing, but Socialism is not replacing it. What is now arising is a new kind of planned, centralised society which will be neither capitalist nor, in any accepted sense of the word, democratic. George Orwell wrote those words nearly 80 years ago. Today, Americans are witnessing exactly what Orwell described. Many have the

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  • Why Is Higher Ed So Expensive?

    Why Is Higher Ed So Expensive?2

    Two things seem like they should go without saying: People use their own money more efficiently than they use someone else’s, and the more you subsidize a thing the more of it you tend to get. Both profoundly apply to American higher education, a teetering tower of ivory made simultaneously skyscraping and bloated by federal

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  • Conservatism Is About More Than Economics

    Conservatism Is About More Than Economics2

    Roger Scruton was perhaps the greatest conservative thinker of the modern era, and like all great thinkers, he didn’t spare his own side from critique. For example, he often pointed out that modern conservatives are happy to cheer on capitalism, but they rarely say anything about conserving traditional ways of life—or the natural environment. Are

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