In the middle 1700’s Adam Smith explained a framework which provides innovators all the encouragement they need to continue to develop new technologies. The force of the free market, the invisible hand as Smith referred to it, recognizes that individuals pursuing their own interest frequently promote the good of society, such as with new products […]

The Oxford Dictionary defines capitalism as “an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.” A new poll on the topic from Harvard received some attention yesterday, garnering headlines about millennial’s view of capitalism. The poll is challenging to interpret […]