Explore the core differences between capitalism and socialism in market dynamics, ownership, and economic equality with examples of countries implementing these systems.

What makes for a good economic system? How do we fix flaws in the system like inequality? The winners of the most recent Nobel Prize in Economics attempted to answer these questions: James Robinson of ...

By Donald Bryson Carolina Journal Today marks the 250th anniversary of the publication of Adam Smith’s “The Wealth of Nations,” one of the most influential books ever written. Published just […] ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...

Every day, billions of dollars flow through crypto systems—used to pay remote workers, settle international trades and back online commerce. This is no longer an experimental playground for tech ...

Our current economic system is based on poor science and should not be used to guide government decision-making when faced with threats to existence like climate change. That's the conclusion of a new ...

“Systems change” has become a ubiquitous topic of interest for anyone serious about addressing our multiple social-environmental-economic-governance crises. Yet for all its ubiquity, the term tends to ...

This program area addresses the social and behavioral sciences—including anthropology, economics, political science, psychology, and sociology—to understand and address complex relationships among ...

December 6 - There is substantial effort being devoted to finding ways to transition the global economy to address climate change, the loss of nature, and pollution and waste, while continuing to seek ...