Henry Ford paid good wages to his employees, so that they and their families could afford to buy his cars. In many businesses ...

To understand the distortion, it helps to recall what capitalism actually is. In its classical sense, capitalism is not greed, chaos, or the law of the jungle. It is a system of voluntary exchange ...

Adam Smith, a Scotsman, and Karl Marx, a German, are probably the two best known political economists in the Conceptual West. They lived a few decades apart and each had profound impact on how ...