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America's version of capitalism has been much more dynamic than Europe's. Why don't Obama and Romney debate that?
Just when it looked like the job market was going to rebound, recent unemployment numbers revealed a disappointing reality.
It's tempting to call the shameful taxpayer subsidy for electric cars - vehicles that are unaffordable for all but a small number of wealthy Americans - this nation's costly little secret.
The market economy is cooperative, and more successfully so than any alternative system ever conceived of, never mind put into practice.
Doctrines developed in the fifteenth century by Catholic theologians provided a new understanding of the market economy and are now recognized for their influence on economic theory.
Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.
Sicilian priest and founder of the Italian Popular Party Luigi Sturzo developed a synthesis of classical liberalism, the market economy, and Catholic social thought.
Ordoliberalism, which considers social economy as the goal and the market as the medium, has been applied in Italy with little success.






