Senate Finance Committee Democrats have invited outside evidence and proposals for their next health-care agenda. Their critique of insurers has force, but the remedies leave most of the system untouched, risking further disappointment unless reform reaches hospitals and entire conglomerates.

By Phillip Alvelda and Thomas Ferguson

As America marks 250 years of independence, Adam Smith is again being pressed into service as a founding myth. A deeper reading of The Wealth of Nations reveals a far richer thinker than today’s easy invocations of markets and liberty suggest.

By Alessandro Roncaglia

Equality runs deeper than preference or policy fashion, rooted in human social instincts and reflected in outcomes across societies. It is time for economics and policy alike to reckon with how profoundly distribution shapes well-being and social stability.

By Mark Glick, Gabriel Lozada, and Darren Bush

Beneath the grand claims and vast capital spending, AI is delivering weak productivity, mounting losses, and growing financial strain. If the boom cannot generate profits, jobs, or durable gains, how much longer can the bubble hold?

By Servaas Storm

What should courts prioritize in determining antitrust cases: measurable welfare effects, or the protection of competitive rivalry itself? The Consumer Welfare Standard and the Protect Competition Standard offer different answers.

By Mark Glick, Gabriel Lozada, and Darren Bush

As the Supreme Court’s unitary executive theory reaches the Federal Reserve, a deeper constitutional question comes into view: who holds the power to make money?

By Christine Desan