Person

Friedrich Hayek

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Statue of Liberty's torch.

Why the Philosophers Libertarians Love Always Come Out Worse for Wear

Adam Smith and Friedrich Hayek have been through the wringer.
bags of money

Survival of the Wealthiest: Joseph E. Stiglitz on the Dangerous Failures of Neoliberalism

In which “the intellectual handmaidens of the capitalists” are taken to task.
Branko Milanovic, 2017.

The Problematic Past, Present, and Future of Inequality Studies

An intellectual history of inequality in economic theory reveals the ideological reasons behind the field’s resurgence in the last few decades.
Friedrich Hayek listens to the president of the Centro de Estudios Públicos in Chile, Jorge Cauas, speak in April 1981.

Neoliberal Economists Like Milton Friedman Cheered on Augusto Pinochet’s Dictatorship

Friedrich von Hayek and Milton Friedman helped devise Pinochet's economic agenda and endorsed the brutal repression that was needed to force it through.
Axe chopping down columns

The Rise and Fall of Neoliberalism

The free market used to be touted as the cure for all our problems; now it’s taken to be the cause of them.
Shredded "Don't Tread On Me" flag.

The Long Afterlife of Libertarianism

As a movement, it has imploded. As a credo, it’s here to stay.
Naomi Oreskes, sitting with her hands resting on her knees

America's Toxic Romance With the Free Market

How market fundamentalists convinced Americans to loathe government.
Turbulent drawing evoking mass strikes, urban decay, gas shortages, police in riot gear, chainsaw massacre, and disco.

We’re Haunted by the Economy of the 1970s

Politicians across the political spectrum warn of a return to the decade of stagflation, urban decay, and labor mutiny; but their solution misses the mark.
Collage-style design of Milton Friedman and his work

The End of Friedmanomics

The famed economist’s theories were embraced by Beltway power brokers in both parties. Finally, a Democratic president is turning the page on a legacy of ruin.
Milton Friedman poses with a sculpture of himself.

Colossus Wears Tweed

A number of recent books blame the rise of neoliberalism on economists. But the evidence suggests it is still capital that rules.

Neoliberalism’s World Order

Neoliberalism set out not to demolish the state, but to create an international order strong enough to override democracy in the service of private property.

Worlds Apart

How neoliberalism shapes the global economy and limits the power of democracies.

The Uses and Abuses of 'Neoliberalism'

Does the term clarify or confuse our understanding of capitalism today?

The Architect of the Radical Right

How the Nobel Prize–winning economist James M. Buchanan shaped today’s antigovernment politics.
Friedrich Hayek

Hokey Cowboy: Is Hayek to Blame?

Hayek suspected that nothing about the vindication of neoliberalism was likely to be straightforward.
The “Visscher Map of the New World” including North and South America, 1658.

The Impossibly Intertwined History of the Americas

A conversation with Greg Grandin about his groundbreaking new book "America, América: A New History of the New World."
Elon Musk holds a chain saw as he shakes hands with Argentine president Javier Milei at the Conservative Political Action Conference.

The Method in the Far Right’s Madness

How today’s far right manages to combine the call for economic freedom with pseudoscience about natural hierarchies of race and IQ.
Headshots of Charles Murray, Friedrich Hayek, and Elon Musk in front of a red backgrounds.

Free Markets and Fixed Natures

How neoliberals fell in love with “human nature”—the glue that still unites the divergent factions of the new right.
Floor of the New York Stock Exchange.

Regime Change in the West?

Where amid this turmoil does neoliberalism stand? In emergency conditions it has been forced to take measures.
"Made in U.S.A." sticker

The Return of Political Economic Nationalism

The populist turn in our politics is best understood as a revival of old categories of political economy.