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The Problem with Conservatism

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Nikolai G. Wenzel has a problem with conservatism. A libertarian, Wenzel is a Research Fellow at the University of Paris Law School’s Center for Law & Economics and the coauthor (with conservative Nathan W. Schlueter) of Selfish Libertarians and Socialist Conservatives? The Foundations of the Libertarian-Conservative Debate (Stanford Economic and Finance, 2017). This book is the only “debate book” between ...

Capitalism and the Misunderstanding of Monopoly

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Numerous misunderstanding and mythologies surround the meaning of capitalism and competition, but few match the confusions over the meaning and relevance of “monopoly” in the workings of the market economy. When looked at dispassionately, factually, and historically, monopoly has almost always represented a problem in society only when created, protected or imposed by government intervention. Critics of capitalism have proposed ...