In the early 1930s, Austrian economist Friedrich Hayek, then based at the London School of Economics, jotted off a memo to the school's director, William Beveridge. At the time, the Great Depression ...

Concept of neoliberalism and free market competition illustration by American flag, money and graphs. Neoliberalism is a sprawling, contentious, difficult economic and political concept that can be ...

Somehow it has become conventional wisdom that neoliberal economics was an abject failure. Like a lot of conventional wisdom, this is wrong. Not only has neoliberalism been a great success, but now is ...

Foroohar is an assistant managing editor at TIME and the magazine’s economics columnist. She’s the author of Makers and Takers: The Rise of Finance and the Fall of American Business. Early this month, ...

The real disagreement is not whether to lie for McDonald’s, it is about how large a wage increase, in which local labor ...

Neoliberalism is a sprawling, contentious, difficult economic and political concept that can be hard to pin down because it shapes our lives in so many ways. Sometimes it can seem to describe ...