Samuel Gregg

Samuel Gregg is the Friedrich Hayek Chair in Economics and Economic History at the American Institute for Economic Research, an affiliate scholar at the Acton Institute, and author, most recently, of The Next American Economy: Nation, State, and Markets in an Uncertain World.

Posts by Samuel Gregg

Markets, populism and a fading American dream

The political divisions that started erupting across America in 2015 are about many things. These include the meaning of national sovereignty, the sense of a growing chasm between the political class and everyone else, and angst about what many believe to be unwarranted accelerations in wealth and income inequalities. Continue Reading...

What to do about China?

Crises are not only opportunities which should, to paraphrase Rahm Emmanuel, never be allowed go to waste. They also serve as clarifying moments. Unexpected events can shatter even the strongest consensus on a given topic. Continue Reading...

Thomas Aquinas versus Adrian Vermeule

The relationship between law, morality, and liberty is one of those topics that invariably generates fierce debate. And it usually plays out in very predictable ways. On the one hand, there are some whose first instinct is to lurch for a comprehensive legal response to any number of moral evils to which legal coercion may not be the most optimal or even just response: “There ought to be a law against that!” Continue Reading...

Thousands gather in Venezuela to protest Nicolás Maduro’s government

With coronavirus understandably being the focus of most people’s thoughts these days, it’s not surprising that other important events might escape our attention. Consider, for example, the fact that tens of thousands of Venezuelans took to the streets on March 10 this week in their nation’s capital, Caracas, as well as other cities to demand an end to the Chavista dictatorship of President Nicolás Maduro which has driven the country into an economic black hole from which it shows no signs of emerging. Continue Reading...

Why culture matters for the economy

This article first appeared on February 24, 2020, in Law & Liberty, a project of Liberty Fund, Inc., and was republished with permission.   In many peoples’ minds, economics and economists remain locked in a world of homo economicus—the ultimate pleasure-calculator who seeks only to maximize personal satisfaction from the consumption of goods and services and whose occasional displays of seemingly altruistic behavior really only function as a means of self-satisfaction. Continue Reading...

An interview about Michael Novak and his vision of the market economy

February 2020 marks the third anniversary of the death of the American Catholic intellectual and the 1994 winner of the Templeton Prize in Religion, Michael Novak. Perhaps most famous for his 1982 book, “The Spirit of Democratic Capitalism,” Novak’s ideas were immensely influential for several decades in American public life, numerous faith communities and the world of political economy. Continue Reading...