First, a simple definition of democracy: where the people govern directly by voting on laws and policies, and a system of government where power is held by the people, who can exercise it either ...

Every time I write about conversations with entrepreneurs, more than one person will email to ask some version of, “Why do you glorify greedy capitalists?” I’m used to it, but it still bugs me. For ...

The Wealth of a Nation: Institutional Foundations of English Capitalism, by Geoffrey M. Hodgson, Princeton University Press, 304 pages, $39.95 A galaxy of brilliant scholars have tried to account for ...

Forbes contributors publish independent expert analyses and insights. Adam writes about state and local policy and urban economic issues. MIAMI, FL - NOVEMBER 24: Jaime Vado fixes a display in the ...

Most Americans would likely be surprised to know that, according to a respected international poll taken in 2022, far more Chinese (83%) perceive China to be democratic than Americans (49%) perceive ...