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The Fed Cannot Unclog Global Shipping Lanes

Oil shocks from conflict are supply problems monetary policy cannot solve.
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The Independent Review

Hidden Gems in Adam Smith’s The Wealth of Nations
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The Warehouse Arsonist Is No Working Class Hero

Arson that destroys vital goods harms workers and worsens the cost of living.
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Aliens here unlawfully or on a nonimmigrant visa are prohibited from possession of firearms.
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Letter from the Editor
Letter from the Editor
By Robert M. Whaples
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Introduction
By Robert M. Whaples
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Wow! What a Book!
By Donald J. Boudreaux
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Minding the Gaps
By Erik W. Matson
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
“Invisible Death”
By Kristen R. Collins
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Adam Smith, Human Worth, and Moral Equality
By James R. Otteson
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Why Lords Went for Luxuries
By Jacob Hall, et al.
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
The Importance of Approbation in The Wealth of Na...
By David M. Levy, et al.
Symposium on Hidden Gems from Adam Smith’s The Wealth of Nations
Prudence, Exchange, and Correspondence in The Wea...
By Douglas J. Den Uyl
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Peronism
By Marcos Falcone
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The Liberal Mind of Florentino González
By Sebastián Rodriguez Duran
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Tocqueville Goes to China
By Hilton L. Root
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Vietnam’s New Generation and the Demise of Socialism
By Erik Lewis
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By Angela Dills
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Raised to Obey
By David Mitch
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Rose Lane Says
By Lenore T. Ealy
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Tolkien, Philosopher of War
By Bradley J. Birzer
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The Kingdom of God and the Common Good
By James L. Caton
Book Review
The Triumph of Fear
By Christopher J. Coyne
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The Legacy of Janos Kornai
By Lachezar Grudev
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Politics Without Politicians
By Brian Kogelmann
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The Brew Deal
By Robert A. Lawson
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Understanding Political Economy
By Michael Makovi
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We Have Never Been Woke
By Michael C. Munger
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Having It All
By Michael C. Munger
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Peak Human
By Michael C. Munger
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The Spirit of Smithian Laws
By Caleb Petitt
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Inflation and the Family
By Clara Piano
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How Countries Go Broke
By Richard M. Salsman
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Crushing Capitalism
By D. Eric Schansberg
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Mission Economy
By Michael D. Thomas
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Foucault and Liberal Political Economy
By Diana W. Thomas
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Power Lines
By Robert M. Whaples
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Capitalism and the American Revolution
By Robert M. Whaples
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The History of Money
By Robert M. Whaples
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Money and the Making of the American Revolution
By Robert E. Wright
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
Introduction: Symposium on Charlotte Twight’s Ame...
By Christopher J. Coyne
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
The Road to Fascism
By Randall G. Holcombe
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
Twight’s Thesis at Fifty
By Robert M. Whaples
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
Charlotte Twight and the Spirit of Fascism
By Alberto Mingardi
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
How Government Intervention Makes Prices and Wages S...
By Patrick Newman
Symposium on the Fiftieth Anniversary of Charlotte Twight’s “America’s Emerging Fascist Economy”
Populism, the Illusion of Participation, and the Hop...
By Christopher J. Coyne, et al.
Memorial
Alasdair MacIntyre
By Michael C. Munger
Reflections
The Economic Dimension of the Hebrew Bible
By Allen Gindler
Reflections
Taking Liberties with Liberty
By Max Hocutt
Student Essay Contest Winner
Hayek Against Ujamaa
By Brayden Myers
Student Essay Contest Winner
A Cooperative Hospital
By Tz-Shiang Shia
Student Essay Contest Winner
The Federal Technocracy
By Patrick McDonald
Student Essay Contest Runner Up
Praxeology and Time
By Daniel Mayorga Montesdeoca
Review Essay
Monetary Policy as If Inflation Hardly Matters
By Lawrence H. White
Book Review
How to Review Scholarly Books
By Robert M. Whaples
Book Review
The Divine Economy
By J. Robert Subrick
Book Review
Markets with Chinese Characteristics
By Yongjing Zhang
Book Review
Plato Goes to China
By Andre Archie
Book Review
FDR’s Long New Deal
By Art Carden
Book Review
Controlling Contagion
By Raymond J. March
Book Review
Equality
By Adam Gjesdal
Book Review
Ethics, Politics, and Natural Law
By Christopher Tollefsen
Book Review
Inflation
By Thomas L. Hogan
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Economics as Science
By Gabriel F. Benzecry
Book Review
The Price of the Common Good
By Brian Boyd
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Title IX and the Protection of Pregnant and Parentin...
By Jessica Carges
Book Review
The Political Economy of War, Peace, and the Militar...
By Christopher J. Coyne
Book Review
Busting the Bankers’ Club
By Peter C. Earle
Book Review
Gems of American History
By Hans Eicholz
Book Review
The War on Words
By Williamson M. Evers
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Why Fascists Fear Teachers
By Williamson M. Evers
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Plato: A Civic Life & Plato and the Tyrant
By Morgan Hunter
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The Social Philosophers
By Jason Jewell
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From Marx to Markets
By Mario I. Juarez-Garcia
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The Triumph of Economic Freedom
By Paul Mueller
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The Man Who Invented Conservatism
By Michael C. Munger
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Moral Institutions
By Michael C. Munger
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To Overthrow the World
By Michael C. Munger
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Your Body, Your Health Care
By Michael C. Munger
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Liberty and Security in an Anarchical World, Vols. I...
By Edwin van de Haar
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Progressive Myths
By Robert M. Whaples
Book Review
An Introduction to Natural Disaster Economics
By Robert M. Whaples
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Atlantic Cataclysm
By Robert E. Wright
Classic Book Review
Trade Policy Disaster
By Jason E. Taylor
Symposium on “The Samaritan’s Dilemma”
The Samaritan’s Dilemma Fifty Years Later
By Christopher J. Coyne, et al.
Symposium on “The Samaritan’s Dilemma”
The Samaritan’s Dilemma
By James M. Buchanan, Jr.
Symposium on “The Samaritan’s Dilemma”
Post-contractual Anarchy and the Samaritan’s Dilemma
By Alain Marciano, et al.
Symposium on “The Samaritan’s Dilemma”
The Fragility of the Free Society
By John Meadowcroft
Symposium on “The Samaritan’s Dilemma”
The Samaritan’s Dilemma in the Caritapolis
By Art Carden
Symposium on “The Samaritan’s Dilemma”
The Samaritan with the Guillotine
By Christopher J. Coyne, et al.
Symposium on “The Samaritan’s Dilemma”
The Starbucks Safety Net
By Brigitta Jones
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The Three Sources and Three Component Parts of Wokeness
By Andrei Znamenski
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Freedom’s Outpost
By David T. Beito
Reflections
Toward a Libertarian Theory of Human Shields
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Virginia First: The 1607 Project
By Peter A. Coclanis
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New Paternalism Meets Older Wisdom
By Jeffrey M. Carroll
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Christianity and the Nation-State
By Kevin D. Vallier
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The Truth About Immigration
By Joshua K. Bedi
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Empire, Incorporated
By Richard N. Langlois
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Pax Economica
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John Stuart Mill, Socialist
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Shock Values
By Robert Hetzel
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The End of Everything
By Thomas K. Duncan
Book Review
The Political Theory of Liberal Socialism
By Matt Zwolinski
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The Meese Revolution
By Marcus M. Witcher
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How Government Built America
By Randy Simmons
Book Review
Nowhere to Live
By Christopher J. Calton
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The Socialist Calculation Debate
By Anthony Carilli
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Man-Devil
By Daniel J. D’Amico
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The Psychology of Totalitarianism
By Lenore T. Ealy
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The Lost Decade
By Williamson M. Evers
Book Review
Mere Economics
By Peter J. Hill
Book Review
The Technological Republic
By Jonathan Hofer
Book Review
The Privateers
By Neal McCluskey
Book Review
Libertarian Literary and Media Criticism
By Michael C. Munger
Book Review
The Preventive State
By Michael C. Munger
Book Review
Universal Basic Income 
By Michael C. Munger
Book Review
False Dawn
By Caleb Petitt
Book Review
Capital, Interest, and Waiting
By John S. Schuler
Book Review
The First Amendment
By Luke C. Sheahan
Book Review
Moonshots and the New Industrial Policy
By Gordon E. Shockley
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Growth
By Diana W. Thomas
Book Review
Meaningful Economics
By Michael D. Thomas
Book Review
Digital Currency or Digital Control?
By Craig Warmke
Book Review
Abundance
By Robert M. Whaples
Book Review
The Shortest History of Economics
By Robert M. Whaples
Book Review
After the Spike
By Robert M. Whaples
Book Review
Corruption Under a New Lens
By Michael C. Munger
Letter from the Editor
Celebrating Thirty Years of The Independent Revie...
By Robert M. Whaples
Symposium on Corporate America’s Ideological Tilt
Corporate America’s Ideological Tilt
By Rosolino A. Candela, et al.
Symposium on Corporate America’s Ideological Tilt
The Knowledge Problem and Corporate Social Responsib...
By Richard Kocur
Symposium on Corporate America’s Ideological Tilt
When Is Corporate Social Responsibility Theft?
By Mark D. Packard, et al.
Symposium on Corporate America’s Ideological Tilt
Beyond Interest
By Douglas J. Den Uyl
Symposium on Corporate America’s Ideological Tilt
The Rise of Second Wave Corporate Activism: Causes a...
By Michael Ryall, et al.
Symposium on Corporate America’s Ideological Tilt
The Levitating Firm
By Roger G. Koppl
Symposium on Corporate America’s Ideological Tilt
Can Gender Quotas Help Break the Glass Ceiling?
By Rosemarie Fike, et al.
Symposium on Corporate America’s Ideological Tilt
Corporate Environmentalism and an Oversupply of Fals...
By Jacob Maichel, et al.
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Why Secession Is Easier Than You Think
By Sukrit Sabhlok
Reflections
I, Tariffed
By Jimmy Alfonso Licon
Book Review
Artists and Markets In Music
By Raymond J. March
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Philosophy, Law and Culture of Liberal Democracy and...
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The World’s Medicine Chest
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What Went Wrong with Capitalism
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Redefining Racism
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Martin Van Buren
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The Economic Legacy of José Joaquín de Mora
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Ranked Choice Voting
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Reason, Ideology, and Democracy: A Study in Entangle...
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Capitalism
By Richard M. Salsman
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Sexual Freedom and Its Impact on Economic Growth and...
By D. Eric Schansberg
Book Review
Creative Destruction
By Nicholas A. Snow
Book Review
Against Constitutional Originalism
By William J. Watkins, Jr.
Book Review
Failing Our Future
By Robert M. Whaples
Book Review
How to Think About Climate Change
By Robert M. Whaples
Book Review
Political Philosophy
By Robert M. Whaples
Book Review
The Slow Death of Slavery in Dutch New York
By Robert E. Wright
Book Review
Late Admissions
By Daniel J. D’Amico
Article
Extensions and Expansions of the Ratchet Effect
By Abigail R. Hall, et al.
Article
The Nuclear Ratchet
By Abigail R. Hall, et al.
Article
The China Ratchet
By Ryan M. Yonk, et al.
Article
Operation Warp Speed
By Elisha K. Denkyirah, et al.
Article
Endogenous Ratcheting
By Mikayla Novak
Article
War and Presidential Greatness
By Chandler Reilly, et al.
Article
The Varieties of Ecological Rationality in Decision ...
By Yulie Foka-Kavalieraki
Article
Young Adam Smith
By Salim Rashid
Reflections
The Strange and Future Political Economy of AI
By Jimmy Alfonso Licon
Reflections
My Time in the Reagan Administration
By Paul Craig Roberts
Etceteras
Millennials, Gen Zs, Capitalism, Socialism, and Conf...
By Robert M. Whaples
Book Review
The State
By Richard E. Wagner
Book Review
Liberalism’s Last Man
By Paul Dragos Aligica
Book Review
Economics in America
By Phillip W. Magness
Book Review
Freedom from Fear
By Samuel Gregg
Book Review
One From the Many
By Donald J. Boudreaux
Book Review
What’s the Worst That Could Happen?
By Christopher J. Coyne
Book Review
The Economics of Creative Destruction
By John T. Dalton
Book Review
The Fall of Israel
By Ivan Eland
Book Review
Gun Curious
By Justine Robinson
Book Review
All the Kingdoms of the World
By Gregory J. Robson
Book Review
The Year That Broke Politics
By William F. Shughart II
Book Review
Not Stolen
By Robert M. Whaples
Book Review
Green Breakdown
By Robert M. Whaples
Book Review
Heavy Metal
By Robert M. Whaples
View All
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Independent Institute in the News

" The Authentic Judy Shelton: A Maverick Economist Takes on Washington" Senior Fellow Judy Shelton interviewed on Gold Telegraph
April 23, 2026
"How Our Daily Drive Offers Valuable Lessons About Markets" Senior Fellow David R. Henderson and Francois Melese Op-Ed in Real Clear Markets
April 21, 2026
"Trump’s Memory Loss—Forgetting FISA’s secret proceedings and unchecked power" Policy Fellow Lloyd Billingsley Op-Ed in The American Spectator
April 21, 2026
"The disturbing question California’s gubernatorial candidates need to answer" Policy Fellow Lloyd Billingsley Op-Ed in the California Post
April 20, 2026
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April 20, 2026
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April 20, 2026
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April 20, 2026
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April 16, 2026
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April 15, 2026
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