The bailouts during the recent financial crisis enraged the public. They felt unfair – and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, costing taxpayers billions of dollars...

The first months of the Obama administration have led to expectations, both in the United States and abroad, that in the coming years America will increasingly promote the international rule of law – a position that many believe is both ethically nec...

Since the earliest days of philosophy, thinkers have debated the meaning of the term happiness and the nature of the good life. But it is only in recent years that the study of happiness – or "hedonics" – has developed into a formal field of inquiry,...