Ayn Rand

Is it time to reassess whether capitalism is an ethical, morally-proper economic system?I. Road to Freedom, Road to SerfdomOn Tuesday, NPR's Steve Inskeep spoke with the president of the American Enterprise Institute Arthur C. Brooks regarding Brooks' book, The Road to Freedom: How to Win the...

Can humanity afford to have history repeat itself? In June 2010, economist Paul Krugman discussed parallels between contemporary economic policies and events in the 1930s. At that time, Krugman wrote regarding the prospect of austerity policies in Europe: "How bad will it be? Will it really be...

The Wall Street Journal's Peggy Noonan had a very interesting article published April 20, 2012 discussing how America "seems to be on the wrong track, and not just economically." In light of economic and political issues in American culture, Noonan wrote that "more and more people are worried...

Whether you like or loathe Ayn Rand (and there are plenty of people on either side of that wall), it is impossible to deny the impact that her ideology and philosophy have had on modern politics and economics. Many might find her notion that "selflessness is evil" to be repulsive, but others find...

Income inequality has become a hot issue in the current political debate, but what does income inequality really portend for the future?MarketWatch's Darrell Delamaide had an article Wednesday arguing that the issue of income inequality in the American political debate is not going away anytime...

Is capitalism in crisis?I. David Pilling had an interesting article for the Financial Times Sunday discussing problems with global capitalism and seeking economic prosperity while analyzing possible risks and perils with the capitalist system. The article portends that as economies in the West...

Marketwatch's Paul B. Farrell wrote a very interesting story Tuesday entitled "Super Rich vs. 99%: Class war will explode" regarding Occupy Wall Street, the evolution of class warfare, and the conservative response to the Occupy Wall Street movement. Farrell: "Forget politics. The 99%, the Occupy...

The fact that the shadow economy, or the black market or underground economy, is on the rise in the middle of a global financial crisis should be no surprise to economists.A recent post on Steven Levitt and Stephen Dubner's Freakonomics blog discussed the growth of the shadow economy across the...

Charles Munger, vice chairman of Berkshire Hathaway (NYSE: BRK-A), is known for telling it like he sees it. At a Pasadena conference on Friday, he had a few words to say about financial sector collapse of 2008. "The bubble in America was caused by some combination of megalomania, insanity and evil...