The novelist and philosopher Ayn Rand was one of the most influential 20th century advocates of free market capitalism. Her work inspired Objectivism, a philosophical movement and former US Federal Reserve Chairman Alan Greenspan cited Rand as a formative intellectual influence. In this...

Joseph Schumpeter (1883 - 1950) was one of the foremost economic thinkers of the twentieth century. Today Schumpeter is most well-known for his idea of 'creative destruction'. This is the notion that a market economy is simultaneously creative and destructive and therein lies the process of...