America's budget deficit is approximately $1.8 trillion—about 6 percent of gross domestic product (GDP). This is a very high level of indebtedness, especially given that we are running these large ...

ScotusCrim is a recurring series by Rory Little focusing on intersections between the Supreme Court and criminal law. The first “opinion of the court” for the 2025-26 term was a summary disposition in ...

“Any book about capitalism that begins almost 900 years ago in the port city of Aden, in what is now Yemen, promises a new story,” said Marcus Rediker in The New York Times. Harvard historian Sven ...

With the world in mortal crisis throughout the 1930s, the leading capitalist intellectuals of the day met in a series of fraught conferences. Horrified by the advances of totalitarianism, economists ...

A conversation with Alyssa Battistoni about the essential and contradictory nature of capitalism to the environment and her new book Free Gifts: Capitalism and the Politics of Nature. The voluminous ...

In a bold new history, Sven Beckert traces the origins of our modern economy, from global port cities to the halls of power. Centuries ago, Beckert writes, investors traveled to remote corners of the ...

"To understand capitalism, we need to be able to see it." Sounds simple, sure. But when Sven Beckert shares this observation, just a few pages into Capitalism: A Global History, the Harvard professor ...

In September, 1639, John Winthrop, the governor of the Massachusetts Bay Colony, recorded in his journal a dreadful tale of Puritan true crime. One Robert Keayne had prospered as a London merchant ...

This is read by an automated voice. Please report any issues or inconsistencies here. To the editor: Capitalism is good. It rewards innovation and creativity and results in prosperity. In theory, all ...

The 20th century was the best of times and the worst of times. On the dark side, as many as 270 million citizens were estimated to have been killed by governments that describe themselves as ...

Call it industrial policy, state capitalism, old-fashioned socialism: It’s a bad idea. Across several recent administrations, the US government’s role in the economy has grown increasingly intrusive.

Workers at a Ford plant in Michigan, 1920s. (Getty Images) The relationship between capitalism and democracy in America isn’t always easy—and it has been that way since 1776. After the American ...