According to much of the journalistic commentary, Pope Francis has recently issued an encyclical on economics. Reuters, the New York … Continue reading “Is Pope Francis’s new encyclical an attack on capitalism?”

Critics of liberalism and the market economy have made a long-standing habit of inventing terms we would never use to … Continue reading “There is no such thing as ‘Trickle-Down Economics’”

This article is based on Chapter 7 of David Henderson’s 2004 book ‘The Role of Business in the Modern World,’ … Continue reading “The continuing power of intuitive or do-it-yourself economics (DIYE)”

A lie, repeated often, becomes the truth in the public mind. That’s why, when a Fox News commentator suggests that … Continue reading “Forget trickle-down: In a free market, the rich don’t gain at the poor’s expense”

Have you heard about it? Trickle-down economics has failed. Barack Obama says so. Paul Krugman says so. The Wall Street … Continue reading “In praise of trickle-up economics”