Deciding What We Mean By Socialism

With the progressive side of the Democratic Party in the news, defining socialism has become a political issue that we need to clarify.

September 2019 Friday’s e-links: From the Japan World Cup to a Midwestern GM plant and Thought-Provoking econtalk

Friday’s e-links: By combining Captain Ahab’s fixation for his whale, food, and of course beer, this FT article is our update for Japan’s rugby World Cup.

What We Mean by Socialism

Knowing the different meanings of socialism and capitalism can help us better understand what we and presidential candidates support.

Six Facts: The Impact of Capitalism

With the political debate gravitating toward socialism and capitalism, today we take a look at six facts that tell us about capitalism in four countries.

A Russian Wheat Story With an Unexpected Ending

The story of a contemporary Russian wheat farmer is rather surprising when we look back at how the Russia economy has changed during the past 120 years.

A Sports Paradox: European Capitalism and U.S. Socialism

Resembling capitalism, the system that governs European football leagues made the Leicester City Football Club ascent almost impossible.

Weekly Roundup: From Nibbling Nachos to Sipping Starbucks

Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation.

Taylor Swift Gives Apple a Little Taste of Capitalism

By asking Apple to pay her and other artists when customers get their music for free displays Taylor Swift’s understanding of the basics of capitalism.

Positive Externalities: CutThroat Capitalism?

Having just enjoyed several weeks in Paris, a friend of mine returned to the US with huge applause for the French health care system. Several days later, she was delighted to see Robert Frank’s NY Times column, “What Sweden Can…

Foreign Investment: Coca-Cola

How does a business return to a country that it left many decades ago? After a military coup in 1962, Coca-Cola reduced its presence in Myanmar (Burma)  and then was prohibited from returning when the US banned most foreign investment there. Now…