Stephanie Kelton, a professor of economics and public policy, formerly chief economist on the US Senate Budget Committee with the endorsement of Bernie Sanders, is a leading proponent of modern ...

Discover Joseph Schumpeter's influential theories on creative destruction, entrepreneurship, and capitalist evolution—key ...

Anarcho-capitalism is a political and economic theory that merges the principles of anarchism and capitalism. It advocates for a society without a centralized state, where individuals freely exchange ...

This is the first part of a two-part article. Throughout the history of capitalism and its recurrent crises, various theories have been brought forward by “left” theorists who maintain that these ...

Discover how capitalism and free market economies differ and overlap, influencing nations to blend these systems for economic ...

In my view, Karl Marx's analysis of capitalism is really powerful and important. I think the best formulation of this analysis is in his book Capital, Volume 1. Joseph Kay recently wrote a blog post ...

Environmental destruction— climate change, species loss, oceanic depletion, and the rendering of vast tracts of air, water and land unusable has, according to a group of recent IPCC reports, reached ...

Is Marxism is the solution to all capitalism’s problems. Or a threat to America’s soul. To some, Marxism is the solution to all capitalism’s problems. To others, it’s a major threat to democracy. But ...

A cornerstone of orthodox economics is the idea that capitalists’ decisions about investing and producing are inherently “efficient.” This means that capitalists select among all alternative courses ...

This is the second part of an article. Part one is available here. Historically, gold emerged as the money commodity. Over the past century and more, fiat money issued by the state has come to replace ...