Capitalism: It's worth understanding how it actually works. Peter Dazeley / Getty Images Fifty years ago, capitalism in the West was based on manufacturing which provided well-paid, lifelong jobs and ...

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 for ...

Local zoning policy in America is dreadful. There’s robust evidence it increases housing prices by restricting supply, making many cities unlivable for people with low or modest incomes. Yet despite ...

Hedge fund billionaire Ray Dalio became a capitalist by definition at the age of 12 (when he started putting money earned from odd jobs into the stock market) and has since been a firm believer in ...