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Economics

Authoritarian Capitalism: Here to Stay?

| September 1, 2015 | Economics

Authoritarian Capitalism: Here to Stay?
In 1962, Milton Friedman questioned whether “democratic socialism” could exist. His answer was no—at least not in a sustainable way. Today, with the economic rise of countries like China and India that embrace capitalism but remain politically autocratic, we might ask...
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Tyler Castle
Tyler Castle is the director of AEI's Initiative on Faith & Public Life. He is a graduate of Westmont College and a former John Jay Institute Fellow.

When It Comes to Entrepreneurship, Culture Matters

| August 26, 2015 | Economics

When It Comes to Entrepreneurship, Culture Matters
“Culture is one of the most precious things a company has,” said Herb Kelleher, the founder of Southwest Airlines. So it is with countries and cities looking to foster entrepreneurship. A recent study of startup rates in the United States and Great Britain found that...
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Michael Hendrix
Michael Hendrix is the director of state and local policy at the Manhattan Institute, where he manages scholars, conducts research, and leads outreach.

Let Them Eat Capitalism

| August 24, 2015 | Economics

Let Them Eat Capitalism
Clive Crook, a columnist at BloombergView, recently challenged what he calls the “Aspen Consensus,” a set of unquestioned assumptions by the Intellectual Class that capitalism is a “morally tainted enterprise.”  Such a view, Crook finds, is held most fervently and...
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Michael Hendrix
Michael Hendrix is the director of state and local policy at the Manhattan Institute, where he manages scholars, conducts research, and leads outreach.