Only within a morally informed culture can capitalism lead not just to the progress and prosperity described by Schumpeter but also to a free and virtuous society.
The past century has witnessed the greatest material advances in human history. It also has witnessed the greatest bloodshed. This is not coincidental.
An appeals court in London has made a Solomonic ruling, deciding that 8-week-old twins joined at the pelvis must be separated. In effect, one twin, known as Mary, is to be sacrificed to save the other, known as Jodie, in an operation the babies' parents oppose.
Vouchers, tuition tax credits, charter schools, and other forms of school choice have garnered the support of a diverse coalition of parents in search of a common end: educational excellence. Competing experiments at increasing educational freedom are so important.
An agreement between the White House and the Congress will mean that American producers of food will be permitted to sell their products to Cuba-for the first time in 28 years. Despite the severe restrictions on the sales, this is a moral victory.