Economist and Hoover honorary fellow Friedrich Hayek spent seven decades extolling the supremacy of capitalism over socialism. For most of those decades, Hayek was a voice in the wilderness. Yet as John Cassidy argues, by the end of his life Hayek was vindicated to such an extent that "it is hardly an exaggeration to refer to the twentieth century as the Hayek century."
William F. Buckley Jr. reflects on Friedrich Hayek’s invaluable contributions to the fight against socialism—a fight that was still very much under way when Buckley delivered these remarks a quarter of a century ago.
The stimulus package was passed with much talk of Keynesian multipliers and boosting aggregate demand. But now that the stimulus has barely dented the unemployment rate, and with government spending and deficits soaring, it's natural to turn to Hayek.
David R. Henderson on Keynes Hayek: The Clash that Defined Modern Economics by Nicholas Wapshott
Hoover fellow Russell Roberts is using rap music to make the dismal science far less dismal. By Charles Lindsey.
Why ideas really do matter. By Hoover fellow David R. Henderson.
Nobel laureate and Hoover fellow Milton Friedman evaluates Alan Greenspan’s job performance, analyzes the role of the International Monetary Fund in the Asian financial meltdown, and explains how to fix Social Security—all in less than three thousand words.
A reflection on the life of former Hoover fellow Karl Popper, one of the past century’s greatest thinkers. By Piers Norris Turner.
The Western media tell us that China’s leaders haven’t changed much in the past twenty years, and they may well be right. What has changed is the China around them. By Hoover media fellow William McGurn.
If economists are so smart, why are developing countries so poor? By Hoover fellows Stephen Haber, Douglass C. North, and Barry R. Weingast.
The level of economic commentary during the presidential campaign has not been high. Democrats have accused Mitt Romney of the crime of shipping jobs abroad while at Bain Capital, and Mr. Romney has responded by denying the charge.
They support Bernie Sanders in droves even though capitalism, not socialism, will increase their standard of living.
Doomsayers are never popular, but sometimes they're right. The original jeremiads uttered by the biblical prophet Jeremiah were on the money. His fellow Judeans were vanquished and enslaved by the Babylonians, just as he had warned. Moral: Don't take jeremiads lightly.