The rule of law — the idea that legal rules apply to everyone equally, regardless of wealth or political connections — is essential for a thriving economy. Yet globally the respect for the rule of ...

By 1830, one million Americans, most of them enslaved, grew cotton. Raw cotton was the most important export of the United States, at the center of America’s financial flows and emerging modern ...

Three giant asset managers — BlackRock, Vanguard Group, and State Street — now collectively own a large chunk of nearly every corporation. As a result, capitalism no longer works as advertised.

Ten thousand American Muslims will gather in Richmond, Virginia, on Thursday July 3, for an annual convention. But they’ll also be engaged in service by tending to a neglected cemetery where African ...

Modern developed governments, he says, now constantly intervene to alleviate economic hardship. American businesses are swathed in red tape. The Code of Federal Regulations has grown more than 10 ...

The Wealth of a Nation: Institutional Foundations of English Capitalism, by Geoffrey M. Hodgson, Princeton University Press, 304 pages, $39.95 A galaxy of brilliant scholars have tried to account ...

The Wealth of a Nation: Institutional Foundations of English Capitalism, by Geoffrey M. Hodgson, Princeton University Press, 304 pages, $39.95 A galaxy of brilliant scholars have tried to account ...

The 19th-century Swiss historian Jacob Burckhardt described a particular type of northern visitor to the Italian peninsula as ...

In moments of crisis, it’s easy to think that capitalism is finished. But don't forget the system’s formidable ability to ...

He also claims that the maxim of modern capitalism is “greed is good,” Gordon Gecko’s famous line from the film Wall Street, and that the system therefore urgently needs an ethical course ...