America Takes a Capitalist Licking and Keeps on Ticking

The U.S. Owes Its Prosperity, in Part, to Its Tolerance for Bad Times, Says The Economist’s Adrian Wooldridge

The United States enjoys a special place atop the global economic heap, driven in large by Americans’ willingness to embrace change—even when it hurts.

But the country’s remarkable run could be stymied if businesses can’t figure out ways to stoke productivity anew, said The Economist political editor Adrian Wooldridge during “How Has America Survived Two Centuries of Capitalism?” a Zócalo/KCRW “Critical Thinking with Warren Olney” event at the National Center for the Preservation of Democracy in downtown Los Angeles.

Wooldridge, a historian and journalist who has worked for the The Economist in …

Frank Capra’s Formula for Taming American Capitalism

It’s a Wonderful Life Prescribed Community and Empathy as the Remedy to a Callous Economic System

From the Gilded Age and until well into the Great Depression, Americans engaged in one of the most consequential debates in the country’s history: how best to address the economic …

How Crop Circles Saved the Great Plains

In the 1940s, Farmer Frank Zybach Invented Center Pivot Irrigation and Brought the Dust Bowl Back to Life

If you live in the Great Plains, sooner or later you’ll get a question about those “crop circles” that can be observed from airplane windows during flights over the region. …

Helping the Environment Is Nice. Helping Yourself Is OK, Too.

A UCLA Economist Argues That More People Will Embrace 'Green' Consumption If They Get a Personal Benefit

Homo sapiens are hardwired to consume, a habit that’s taking a heavy—and potentially catastrophic—environmental toll. But pleading with people to stop driving gas-guzzling SUVs or eating red meat may not …

Why Americans Insist on Putting a Price Tag on Life

From Ben Franklin to Slavery to Reaganomics, Our Habit of Measuring Everything in Dollars and Cents

Everything, as they say in America, has its price. It has been found that a lack of sleep costs the American economy $411 billion a year and stress another $300 …