Milton Friedman was correct that executives should manage companies according their owners' preferences, writes Michael Strain. Rather than abandoning shareholder capitalism, business policy can help align incentives in shareholder capitalism with broader social issues.
Naomi Schaefer Riley writes that education’s dumbing down frays the bonds of citizenship and is hardest on the poor, according to E. D. Hirsch, the man who wrote the book on cultural literacy.
To recover our constitutional order, we must recover a more complete understanding of who we are as a people — and what our founding document means, explains Yuval Levin.
Scott Winship writes that the new poverty estimates indicate lower levels of hardship in 2019 than ever before, a fact that seemed to surprise even the US Census Bureau.
China’s increasingly threatening posture vis-à-vis Taiwan has elicited a growing view among Americans and American politicians that “strategic ambiguity” has outlived its usefulness, write Gary Schmitt and Michael Mazza.
James Pethokoukis explains that those who advocate reversing or moderating economic growth for the sake of the environment ignore the need for technological innovation to combat known and unknown environmental challenges.
The results detailed in this report by W. Bradford Wilcox et al. suggest that boys and girls who attend private schools are more likely to avoid a nonmarital birth and to get and stay married. This pattern is especially pronounced among Protestant school attendees, which suggests that these schools are more likely to foster a kind of “Protestant family ethic” among their students.
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