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The Roots of Voluntary Exchange Lie in the Middle East

It is today commonly believed that free markets and free-market ideology are new Western inventions. In my book The Birthplace of Capitalism: The Middle East, I challenge that notion by pointing out that enterprises, financial institutions, market-based economies, and the intellectual support for economic freedom evolved millennia ago in the Middle East. The book (which is awaiting its international ...

Liberal Capitalism as the Ideology of Freedom and Moderation

Nowadays, many along the political spectrum seem to agree that America increasingly has become a polarized society. Ideological and public policy discourse has been gravitating more toward the extremes: progressives and the Democratic Party with a more explicitly socialist rhetoric and proposed government agenda, and conservatives and Republicans who increasingly appear to be moving in the direction of populist, ...