In 1867, Europe’s intellectual elite was captivated by Marx’s Das Kapital. Meanwhile, no one had heard of 31-year-old Carl ...

Although Adam Smith is well-known for emphasizing division of labor, his analysis was woefully incomplete, as Dr. Mark Thornton points out.

Being founded on class war, any State founded on Marxism is bound to set itself in opposition, bitter and all-out, against ...

Every era has its defining tensions, but few are as persistent as the struggle between work and wealth. In a world where productivity is celebrated and profits are often detached from the people who ...

Behavioral economics, like “lived experience,” existed long before anyone thought a special and seemingly redundant name was required. To Adam Smith, economics was made of human behavior in all its ...

On December 19, New York Governor Kathy Hochul signed Senate Bill S1353A creating a new General Business Law article on “actions involving coerced debts.” The law is aimed squarely at survivors of ...

Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. Samantha (Sam ...

The economic theories of both Karl Marx and Arthur Laffer are largely considered incorrect by mainstream economists. Laffer's theory, known as the Laffer Curve, incorrectly predicted that tax cuts ...

American economics departments don’t teach Karl Marx or Arthur Laffer for the same reason: their economic theories were wrong. Yet Laffer’s discredited ideas are now driving Indiana’s tax policy. Marx ...