Economic Dynamism
We consider the principles, policies, and culture that support free market capitalism.
Latest

Edmund Phelps and the Culture of Dynamism
His research led him to a new theory of what he called “indigenous innovation.”

The Contested Legacy of Keynes’ 'General Theory'
Nearly a century after the publication of 'The General Theory,' debates over Keynes’ legacy continue to influence modern economic debate.

Edmund Phelps: Economist of Values
Edmund Phelps was rooted in an older tradition of economics, that of political economy, than perhaps even he recognized.

AI Vulnerability Can Spur Tech Progress
Until recently, finding software vulnerabilities, especially in applications where the source code is unavailable, was the province of a tiny, elite group of reverse engineers.

The Beginning of the Warsh Fed Era
The Warsh Fed likely will not resemble the activist Bernanke-Yellen-Powell central bank of the recent past.
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The Keynes Symposium
What SpaceX’s IPO Tells Us About American Capital Markets
Chicago’s “Disappearing Middle Class” Can Be Found in Its Proliferating Upper Middle-Class Neighborhoods
Is Economics a Failure?
Locke, Meet Claude
Is There Anything New Under the AI Sun?