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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,... Read More →

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... Read More →

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... Read More →

 By Jillian D’Onfro Karl Mehta has made quite a splash in the tech world.   He founded PlaySpan, which sold to Visa for more than $200 million in 2011. He was a White House Presidential Innovation Fellow in the program’s inaugural year. He joined Menlo Ventures in... Read More →

By Anne Field Interest in impact investing continues to increase, even as investors report a shortage of promising opportunities. That’s according to a recent study of 125 investors managing a total of $46 billion in impact investments conducted by The Global Impact Investing... Read More →

By Melissa Korn Most business-school students are gunning for jobs in banking, consulting or technology. So what are they doing reading Plato? The philosophy department is invading the M.B.A. program—at least at a handful of schools where the legacy of the global financial crisis... Read More →

By Jeff Macke Despite the creation of two saints and first Pope to retire in 600 years in attendance, there was no question that Pope Francis was the star of the show last Sunday in Vatican City. More than 500,000 gathered near St. Peter’s Square with another 300,000 watching on... Read More →

By Devin Thorpe A team of young social entrepreneurs has created an impact investing fund associated with Columbia University called 118 Capital that will operate as a nonprofit. The founders all have recent degrees from Columbia. 118 Capital will invest in the U.S. and Latin... Read More →

By Phil DeMuth There was an entertaining article in this Sunday’s New York TimesStyle Section about a gang of rich kids who got to go on a field trip to the White House to “empower” them and let them schmooze about their charitable projects (possibly now to include the DNC?).  My... Read More →

OfferBoard is a soon-to-launch investment crowdfunding site in the U.S. based on the technology platform of the Australian Small Scale Offerings Board (ASSOB), with whom we visited recently. Read more at CrowdFundBeat Read More →