Moving closer to the modern era, the systems that dominate economic and political life in most societies today are fraught with unintended consequences. Here are some examples. The Market System was ...

Detroit automakers, among others, may need radical change to compete with Chinese rivals. However, investors should be aware of unintended consequences.

Fortunately, not all unintended consequences are bad. For example, economist Adam Smith in the 18th century referred to an Invisible Hand, which creates unintended social benefits and public good by ...

“Every action has an equal and opposite reaction.” Each time we do something, we have a vague idea of what is going to happen next, and we even prepare for a few possible outcomes. But life does not ...

The California Legislature has a bad habit of writing new law in the moment and paying little or no attention to its potential consequences. While legislative history contains many examples, the most ...