Mixed economies blend free market and socialist elements, balancing efficiency and social welfare. Advantages include efficient resource allocation and innovation-driven profit, as seen with Apple.

Economists and other fans of the market economy often talk in near-ecstatic terms of the benefits that competition and free enterprise have conferred on humankind. Most of our ancestors lived in a ...

The United States must play a more active role in reshaping the international economic order. Completely abandoning the international trading system would be a disaster for the American people and our ...