The Civilization of Commerce

Over the past ten years, we have witnessed a sever weakening of the commitment to market economies in the United States and other Western nations that prevailed between the mid-1970s and the late-2000s. While few are advocating socialism, economic planning and interventionism are back in vogue.

One reason for free markets falling out of favor is to be found among free market thinkers themselves. For decades, their emphasis and strength lay in tough-minded policy-criticism and advocacy…