We’re coming up, in two years, on the fiftieth anniversary of the publication of Albert Hirschman’s The Passions and the ...

Philosophers like Johann Gottleib Fichte, Georg Hegel and Slavoj Žižek argue that societies function as collective consciousnesses, shaped by historical and ideological conditions. Just as individuals ...

There are words we know, and there are words we argue about, working our way to a shared meaning. And then there is that unique category of terms that, once they appear, stubbornly refuse to succumb ...

Liberalism’s Last Man: Hayek in the Age of Political Capitalism, by Vikash Yadav (University of Chicago Press, 288 pp., $35) According to one of Italo Calvino’s 14 definitions, “a classic is a book ...

Prabhat Patnaik argues that true freedom can only be achieved by transcending capitalism through collective ownership and ...

When the ‘AI bubble’ bursts, as it inevitably will, there will be a substantial rise in unemployment rate in the US.

When I taught Contemporary Civilization, Columbia University’s core courses on political and moral philosophy from Plato through Freud, officially and awkwardly called “Introduction to Contemporary ...

Since he began to attract attention nearly a century ago, the free-market economist and intellectual Friedrich Hayek has passed through several of these phases. Initially a rebel against economic ...

Real wages across the world therefore fall behind labour productivity, causing a rise in the share of economic surplus in the output of each country and in world output as a whole; the observed rise ...