In a recent article in which they lament the timidity of modern economists, Eric Posner and Glen Weyl recently wrote: The upshot is that economics has played virtually no role in all the major political movements of the past half-century, including civil rights, feminism, anti-colonialism, the rights of sexual minorities, gun rights, antiabortion politics, and "family values" debates.

How the Russia investigation careened out of control.

Even Adam Smith recognized national security as a possible justification for tariffs on strategically important commodities. But is it a good justification for tariffs on steel and aluminum in the 21st century when the United States has many potential sources of those two items? This month's Feature Article author, Jon Murphy, a fan of Adam Smith, says no.

A hundred years ago, World War I was entering its final phase. No one in either Berlin or London had set out to expend so vast a quantity of blood and treasure on four years of industrialized slaughter. As I argued 20 years ago in “The Pity of War,” World War I was perhaps the greatest error of modern history.