From The American Interest, a review of Democracy’s Good Name: The Rise and Risks of the World’s Most Popular Form of Government by Michael Mandelbaum and Supercapitalism by Robert B. Reich. A review of Deirdre McCloskey's The Bourgeois Virtues: Ethics for an Age of Commerce. From Policy, an inquiry into the nature and causes of the happiness of nations: People’s actions tell us what makes them happy; an essay on how liberal capitalism delivers the satisfaction of personal achievement; and an article on why capitalism is good for the soul: Capitalism provides the conditions for creating worthwhile lives. Why life is good: A dangerous gap exists between our personal experience, which is mainly happy, and our view of a society in decline.

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