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The Political Economy of Natural versus Contrived Inequalities

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To discuss the political economy of natural versus contrived inequalities requires some explanation of what is meant by “natural,” “contrived,” and “inequalities.” The use of the word “natural” has had a long, if sometimes controversial, history in economics over the last two and half centuries. When using this term, the French Physiocrats in the eighteenth century meant that along ...

Timely Lessons About Tyranny from the Father of the Constitution

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“Take alarm at the first experiment on our liberties.” — James Madison James Madison, often referred to as the “Father of the Constitution,” once predicted that the Bill of Rights would become mere “parchment barrier,” words on paper ignored by successive generations of Americans. How right he was. Although Madison initially felt that the inclusion of a bill of rights in the ...