Free market capitalism
Capitalism is an economic system and a mode of production in which trade, industries, and the means of production are largely or entirely privately owned and operated for profit. Central characteristi...
Is Capitalism Moral?
New Video with economist Walter Williams! -> "Is Capitalism Moral?" Is capitalism moral or greedy? If it's based on greed and selfishness, what's the best alternative economic system? Perhaps...
There has never in human history been a...
"There has never in human history been a more effective machine for eliminating poverty than the free enterprise system and the free market." -- Milton Friedman
Power of the Market - The Pencil
Milton Friedman uses a pencil to explain how the operation of the free market promotes harmony and world peace.
A Game-Changer For The Global Oil Market
Shale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has incre...
Economic equilibrium
In economics, economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will...
Laissez-faire
Laissez-faire (/ˌlɛseɪˈfɛr-/, [lɛsefɛʁ]) is an economic system in which transactions between private parties are relatively free from government interference such as restrictions, privileges, tariffs,...
Deregulation
Deregulation is the process of removing or reducing state regulations. It is therefore opposite of regulation, which refers to the process of the government regulating certain activities.
The sta...
Deregulation - Wikipedia
Invisible Hand
In economics, the invisible hand is a metaphor used by Adam Smith to describe unintended social benefits resulting from individual actions. The phrase is employed by Smith with respect to income dist...
Spontaneous order
Spontaneous order, also known as "self-organization", is the spontaneous emergence of order out of seeming chaos. It is a process found in physical, biological, and social networks, as well as economi...
Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles...
Distribution of wealth
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It differs from the distribution of income in that it looks at the distribution of ownership of the ...
Distribution of wealth - Wikipedia
Social Darwinism
Social Darwinism is a modern name given to various theories of society that emerged in the United Kingdom, North America, and Western Europe in the 1870s, and which are claimed to have applied biologi...
Social Darwinism - Wikipedia
Causes of the Great Depression
The causes of the Great Depression in the early 20th Century are a matter of active debate among economists, and are part of the larger debate about economic crisis, although the common belief is tha...
Causes of the Great Depression - Wikipedia
A Game-Changer For The Global Oil Market
Shale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has incre...
Telecommunications Act of 1996
The Telecommunications Act of 1996 was the first significant overhaul of United States telecommunications law in more than sixty years, amending the Communications Act of 1934. The Act, signed by Pres...
Equity home bias puzzle
The Equity home bias puzzle is the term given to describe the fact that individuals and institutions in most countries hold only modest amounts of foreign equity. This is puzzling since observed retur...
World distribution of wealth
World distribution of wealth is the statistical data that describes how wealth is distributed around the world. The guideline for categorizing the data is to organize it based on the continent on whic...
World distribution of wealth - Wikipedia
Social Evolution
Social Evolution is the title of an essay by Benjamin Kidd, which became available as a book published by Macmillan and co London in 1894. In it, Kidd discusses the basis for society as an evolving ph...
Emergence
In philosophy, systems theory, science, and art, emergence is a process whereby larger entities, patterns, and regularities arise through interactions among smaller or simpler entities that themselves...
Emergence - Wikipedia
Neoliberal
Neoliberalism is the resurgence of ideas associated with laissez-faire economic liberalism beginning in the 1970s and 1980s, whose advocates support extensive economic liberalization, free trade, and ...
Neoliberal - Wikipedia
Supply (economics)
In economics, supply refers to the amount of a product that producers and firms are willing to sell at a given price when all other factors being held constant. Usually, supply is plotted as a supply ...
Supply (economics) - Wikipedia
Globalization
Globalization (or globalisation) is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. Advances in transportation and ...
Economy of New Zealand
The economy of New Zealand is a market economy that depends greatly on international trade, mainly with Australia, the European Union, the United States, China, South Korea and Japan. The Closer Econo...
Economy of New Zealand - Wikipedia
Concentration of media ownership
Concentration of media ownership (also known as media consolidation or media convergence) is a process whereby progressively fewer individuals or organizations control increasing shares of the mass me...
Wealth in the United States
Wealth in the United States is commonly measured in terms of net worth, which is the sum of all assets, including the market value of real estate, like a home, minus all liabilities.For example, a hou...
Wealth in the United States - Wikipedia
Great Depression
The Great Depression was a severe worldwide economic depression in the 1930s. The timing of the Great Depression varied across nations, but in most countries it started in 1929 and lasted until the la...
Great Depression - Wikipedia
Wealth inequality in the United States
Wealth inequality in the United States (also known as the wealth gap) refers to the unequal distribution of assets among residents of the United States. Wealth includes the values of homes, automobile...
Wealth inequality in the United States - Wikipedia
Self-organization
Self-organization is a process where some form of overall order or coordination arises out of the local interactions between the components of an initially disordered system. This process is spontaneo...
Anti-globalization
The anti-globalization movement, or counter-globalisation movement, is a social movement critical of the globalization of corporate capitalism. The movement is also commonly referred to as the global ...
Anti-globalization - Wikipedia