Home What is Capitalism?
  1. Origins and Evolution of Capitalism
    1. Adam Smith
    2. Mixed Economy
  2. Capitalism in the United States
  3. Capitalism in Developing Countries
  4. Critiques of Free Market Capitalism
  5. Related Sites
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Capitalism in the United States

The current debate over capitalism in the United States centers on the degree to which the government should let the markets determine resource allocation or use its power of taxation and regulation to influence market outcomes.  One source for analysis and policy discussion that favors free markets over government involvement is the Cato Institute. The Economic Policy Institute is a think tank that tends to advocate government involvement for issues that benefit low-income workers.  Its goal (according to the web site) is to “broaden the public debate about strategies to achieve a prosperous and fair economy. The Heritage Foundation is another research institute designed to promote public policies that are consistent with free enterprise, limited government and individual freedom.

For example, a 2004 EPI briefing paper advocates increasing the Federal minimum wage while testimony by the Heritage Foundation offered reasons for keeping the minimum wage (many economists advocate abolishing the minimum wage completely).

These individuals or publications usually represent free-market ideals:

Robert J. Barro (economist)

The Library of Economics and Liberty

Adam Smith Institute

American Spectator

American Enterprise Institute

Milton Friedman

Ludwig Von Mises Institute

The following individuals or publications usually represent liberal ideas of those influenced by John Maynard Keynes:

The Brookings Institution

Economic policy Institute