How can we better understand the relationship between capitalism and democracy today? This article challenges the prevailing "independence thesis" that views capitalism and democracy as separate and often antagonistic systems. By revisiting Adam Smith's integrationist approach to political...

"The data from text digitization show that "liberal" acquired a sustained political signification for the first time around 1769: the liberal policy principles of Adam Smith and his associates. The bodies of evidence include: (1) the non-occurrence in English prior to 1769 (with a few...

This article examines the interpretation of Adam Smith's writings in The Birth of Biopolitics, where Foucault delves into market processes, the government's role, the nature of economic knowledge, the dynamics of the "invisible hand," and the complex relationship between society and the state....

This paper examines paternalistic preferences in large-scale experiments in the U.S. Participants decide whether to intervene to prevent a stakeholder, mistaken about their options, to make a choice that is misaligned with their preferences. We find that the willingness to intervene strongly...

Javier Milei's disruptive political style does not appear to have changed since taking office as Argentina's president on 10 December 2023. He continues to behave, including on social media, as an aggressive, lone warrior leading a crusade. Milei's government policies are largely in line with...