Center on Wealth & Poverty
In a castle in Newcastle, complete with reflecting pool, dappled woods nooked with marble sculptures, and pastures lowing with cattle, Matt Ridley, dean of British science writers and author of four erudite, Darwinian bestsellers, might seem an intellectual grandee ready for an honorable, bland retirement in a North Country Eden, perhaps readying himself for the House of Lords. But at Read More ›
This article, published by The Daily Caller, mentions Discovery Institute Senior Fellow George Gilder and his book The Israel Test: They might also read George Gilder’s latest book, The Israel Test. Gilder, who is not Jewish, says Israel is a wonderful test for everyone. The rest of the article can be found here.
A business is not a family or a charity or a government. It has a specific social function with a specific purpose, which implies specific duties. One of its responsibilities — its duties — is to make a profit. I know that Milton Friedman argued famously in 1970 that profit-maximizing was the only responsibility of executives, and that’s an overstatement. Still, think about Read More ›
Jay Richards presents a new approach to capitalism, revealing how it’s fully consistent with Jesus’s teachings and the Christian tradition—and our best bet for renewed economic vigor. Money, Greed, and God exposes eight myths about capitalism—including the notion that capitalism is based on greed—and demonstrates that a good Christian can be a good capitalist.
The National Broadband Plan presented to Congress on Tuesday by the Federal Communications Commission aims to connect every U.S. household to the fastest broadband as soon as possible, a goal which the agency’s staff estimates could cost $350 billion. Much of that investment will have to come from private industry, agency officials have conceded. This month, the Discovery Institute conducted Read More ›
Michael Medved answers questions after his talk on his new book The 5 Big Lies About American Business: Combating Smears Against the Free-Market Economy
Michael Medved lectures on his new book 5 Big Lies About American Business. He discusses three lies in particular, the first being: capitalism is evil. Read More ›
The 5 Big Lies About American Business: Combating Smears Against the Free-Market Economy—by Michael Medved (Crown Forum, $26.99). Must reading for the White House and every anticapitalist politician, pundit and economist. Employing a mother lode of facts, Medved, with verve and wit, thoroughly demolishes five myths about business: capitalism is dying because of the economic crisis; when the rich get Read More ›
For the last ten years or so, I have been urging drastic reductions in the U.S. payroll tax, which funds Social Security. If we want to reduce tax rates without falling into the rhetorical trap of “tax cuts for the rich,” then the payroll tax is our best target — and the one that will affect the most employment decisions. Read More ›
Jay Richards, I am glad to report, is now back at Discovery Institute full-time, having left a few years ago to work at Acton Institute on issues of entrepreneurship and free markets (among other things, he helped produce the films The Call of the Entrepreneur and The Birth of Freedom, and the book, Money, Greed and God), to start a blog for AEI’s The American and Read More ›
In this intriguingly contrarian rework of the Thomas Friedman “hot and flat” motif, Gregg Easterbrook asserts that venture capitalists are no better than lottery players when it comes to choosing new technology companies. He reports that leading stock analysts outperform broad market-index funds only one-third of the time. He adds that the preeminent financial pundits break into two groups — Read More ›