When I applied to graduate school many years ago, I wrote an essay expressing my puzzlement at how a country that could put a man on the moon could still have people sleeping on the...

Change is inevitable; but progress depends on what we do with that change.

A market economy is to economics what democracy is to government: a decent, if flawed, choice among many bad alternatives.

Obituaries are just like biographies, only shorter. They remind us that interesting, successful people rarely lead orderly, linear lives. I defy you to find a single obituary that begins, “Jane Doe won the Nobel Prize...

In a basic agricultural society, it’s easy enough to swap five chickens for a new dress or to pay a schoolteacher with a goat and three sacks of rice. Barter works less well in a...