What causes some countries to prosper under capitalism while others fail? World renowned economist Hernando de Soto addresses this critical issue in his new book The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. De Soto persuasively argues that firmly recognized and legally enforceable...

Governments must recognize inalienable rights to political, economic, and culture participation to correct the problems in the areas commonly considered the global "Souths."

There are several mistakes being made in Venezuela that prevent it from being a liberated and prosperous nation.

The federal government seems a long way from the economic disaster Bowles envisions, but some state governments, like California, are not. To avoid this, Congress could pass a law allowing states to go bankrupt.

Even with few questions on the nation’s fiscal position and foreign policy, most of the Republican candidates performed pretty well. If that’s the way the Republican primary voters and caucusgoers see things, the result may be to tighten the race for the nomination.

While political reform is necessary for economic growth, it is not sufficient--only private property right enforcement adds sufficiency for growth.

The real reason that Zimbabwe has collapsed is that there is no protection of private property. The result is "dead capital" and total economic annihilation.

Ever since I was a boy, long before I had a wife and daughters, I have always thought and keenly felt that rape is a capital offense, a crime worse even than murder.