The election of President-elect Donald Trump last month has awakened, what some people are calling, the “animal spirits” of capitalism. Anyone with a 401k or money in the stock market could tell you that things are going very well at the moment. The election of President-elect Trump and conservative, pro-market Republican majorities in the House
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There are two obvious branches of the economy. There is the market economy, entirely benevolent in nature and identified by its voluntary and mutually beneficial transactions, its natural coordination of scarce resources, and its ability to increase prosperity. And the political economy which is entirely malevolent in nature, and is identified by its reliance on
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