Ideas Matter

By Pedro Schwartz, Let me start on a personal note and ask myself the question, why have I given much of my life to dealing in ideas? I did at different moments play practical roles both in business and politics, but I somehow I drifted away. This is not an essay in sour grapes:...
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The Importance of Capital in Economic Theory

By Robert P. Murphy One of the central features of the market economy is capital. Indeed, the system of free enterprise and private property is often denoted by the term capitalism. Economists, in turn, have always included the concept of capital in their theories and models,...
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Having It Is Sinful

By Anthony de Jasay Pope Francis is setting a course for the Church that risks subverting and degrading it and that harms both the spirit and the wellbeing of much of humanity. Early Christianity was essentially a church of and for the poor and the oppressed. However, it did not...
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AP IMPACT: Deadly side effect to fracking boom

By Kevin Begos and Jonathan Fahey  CLARKSBURG, W.Va. (AP) — Booming production of oil and natural gas has exacted a little-known price on some of the nation’s roads, contributing to a spike in traffic fatalities in states where many streets and highways are choked with...
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