In the Tradition of Liberty.
In the Tradition of Liberty.
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Mark Koyama
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This year is the 250th anniversary of two remarkable events: the birth of the United States of America and the publication of Adam Smith’s The Wealth of Nations. Today, Smith is mostly remembered as the founder of economics as a separate discipline. Most of those who attempt to read Smith focus on Book I of his…
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The 2025 Nobel Prize in Economics was awarded for explaining innovation-driven economic growth. Philippe Aghion and Peter Howitt were pioneers in endogenous growth theory and many would assume that they missed their moment when Paul Romer won in 2018. Now their seminal contributions in growth theory have been paired with Joel Mokyr’s insights into the…
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King John of England agreed to the provisions of the Magna Carta on June 15, 1215. We recently passed the 800-year anniversary of a perhaps almost as important event, Henry III’s 1225 reissuing of the agreement under his own free will. Since it was almost rediscovered by the great lawyer of the constitution Sir Edward…