In a recent essay in The Nation, Wendy Brown, a political theorist at the Institute for Advanced Study in Princeton, N.J., contends that Karl Marx’s Capital is unrivaled in its explanatory power ...

Capitalism has always been constructed on the basis of organized violence. Wedded to a political and economic system that consolidates power in the hands of a financial, cultural social elite, it ...

President Donald Trump’s return to the White House set off a slew of “hand-wringing” about the future of the global order. The activism of Mr. Grinch Rising unemployment puts threat of AI competition ...

Neoliberalism relies on optimism. Without faith in meritocracy—unwavering belief that rewards will eventually and justly come to those who work hard enough—support for the capitalist system and belief ...

Over the past 90 years, two approaches to managing capitalism emerged in succession, each dominating politics around the globe while enabling unprecedented economic progress. The first, which some ...

In the early 1930s, Austrian economist Friedrich Hayek, then based at the London School of Economics, jotted off a memo to the school's director, William Beveridge. At the time, the Great Depression ...

The Budget Crunch Is Coming. States Must Adjust Their Spending Accordingly Sorkin Rounds Up the Usual Suspects A Warning from Chicago Government grants and tax credits for favored groups would be ...

American politics is experiencing a “new centrism,” according to New York Times columnist David Leonhardt. Market skeptics across the political spectrum are cooperating on issues such as trade and ...

The more it penetrates our daily lives, the less we seem to understand the “system that runs the world” By Dominik Leusder A well-known story by Jorge Luis Borges, “On Rigor in Science”, recounts the ...

Dear Reader (especially those of you taking things one step at a time), My friend Cliff Asness is fond of tweeting his dismay over the horseshoeing of American politics when it comes to economics (and ...

The global capitalist economy is at an historical juncture. The global economic restructuring that began roughly four decades ago—often associated with the term Neoliberalism—has run its course. Three ...

What Did Conservatives Conserve Before 1955? Like any fictional villain, neoliberalism has been given a nefarious origin story. Arecent academic study has found a new bogeyman on campus: ...