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

May 07, 2019

Why capital markets matter

Of all the many components of a market economy, I don’t think that any are as misunderstood — or reviled — as capital markets. They have never been held in high esteem, and the financial crisis of 2008 did enormous damage to their already low reputation. Continue Reading...
April 25, 2019

Student debt and moral hazard: To forgive or not to forgive?

During primary elections in the United States, it’s hardly unusual for those seeking their party’s nomination to make outlandish promises that aren’t likely to be kept. Thus we saw Senator Elizabeth Warren recently outlined her plan to abolish student debt, and pay for it by levying a tax on the super-rich (however that is defined). Continue Reading...
April 11, 2019

The immortality of bureaucracies

Both The Hill and The Washington Post reported this week that the Trump Administration has decided to dismantle the Office of Personnel Management. Unless you work for the Federal Government, you are unlikely to have heard of this particular bureaucracy. Continue Reading...
April 04, 2019

A Spaniard defends Conservative Liberalism

“Conservative liberalism” isn’t a term commonly used in the United States. Indeed, to American ears, it seems positively oxymoronic. In Europe, however, it constitutes a venerable tradition of political thought and embraces figures ranging from the French thinkers Alexis de Tocqueville and Raymond Aron to economists such as the primary intellectual architect of the German economic miracle, Wilhelm Röpke, and the French monetary theorist Jacques Rueff. Continue Reading...
March 28, 2019

The state of entrepreneurship in America

Alexis de Tocqueville’s Democracy in America is primarily and rightly regarded as a work of political science. But the book is also replete with economic observations. One of the most significant was Tocqueville’s astonishment at “the spirit of enterprise” that characterized much of the country. Continue Reading...
March 18, 2019

China rewrites the Bible

It’s no secret that as the Chinese economy enters a slowdown, the Chinese government has been taking an ever-more authoritarian approach towards virtually every aspect of life in the People’s Republic. Continue Reading...
March 11, 2019

Elites, markets and cronyism

It’s no great secret that France is facing social upheaval and has some longstanding deep-set economic problems. Nor is it revealing to say that France’s political class is despised across the spectrum as woefully out of touch. Continue Reading...
February 19, 2019

Saint businesswoman

I often notice that whenever we talk about faith and business, the discussion is mostly about businessmen and their faith. But what about women who seek to live a life of holiness in business? Continue Reading...
February 11, 2019

Peter Jackson’s World War I film is superb

In 1909, the British scholar and later Nobel Peace Prize winner, Sir Norman Angell, published a short pamphlet entitled Europe’s Optical Illusion. Subsequently republished a year later as The Great Illusion, Angell argued that the economic cost of a mass war in the industrial capitalist world would be so great, that, if it happened at all, it would be momentary. Continue Reading...