When groups are pitted against each other, politics, not markets, determine resource allocation priorities and economic rewards.
Netflix's Blacklist, featuring a former respected surgeon-turned-fugitive, raises complex questions about market demand.
Most people probably don’t think of free markets as beautiful. They’re dynamic. They’re productive. They’re useful. But beautiful? That’s not really a word we associate with them.
That art is all around us tells us that art is a market phenomenon.
There are areas where innovation and invention play a key role in the arts.
The pre-Christmas announcement by President Obama that the United States would re-establish diplomatic relations with Cuba will reignite a number of debates. One will be about the cause of Cuban poverty over the past 56 years.
The violent storms triggered by the Arab Spring continue to batter the Middle East. As regimes fall, wars rage and nations fracture, is there any reason for hope? A new Fraser Institute study—Institutions and Economic, Political and Civil Liberty in the Arab World—says yes and no.
With violence flaring in the Middle East, the Arab Spring seems like a distant wilted dream. Yet, some green shoots have sprouted.