Economics

January 28, 2020

Amity Shlaes proves that LBJ’s Great Society was a “nightmare”

When President Lyndon B. Johnson unveiled the plans for his Great Society initiative at the University of Michigan in 1964, he promised to usher the United States into “a new age.” Continue Reading...

January 28, 2020

How an Argentine cooperative is empowering workers and entrepreneurs

Despite the once promising election of President Mauricio Macri, Argentina’s first non-Perónist leader in 13 years, the country has largely returned to its embrace of leftist economic policies, including recently imposed capital controls and interventionist price fixing. Continue Reading...

January 23, 2020

Alexandria Ocasio-Cortez’s crass Marxist materialism

During a Martin Luther King Day discussion with the writer Ta-Nehisi Coates, Representative Alexandria Ocasio-Cortez, D-N.Y., made clear that she is not just a democratic socialist but a Marxian one. Evie Fordham of Fox Business has written a helpful summary of the remarks, including Ocasio-Cortez’s concise explanation of the Marxist theory of the exploitation of labor: “No one ever makes a billion dollars. Continue Reading...

January 22, 2020

Lunch lady equality: The fruits of Sweden’s ‘good socialism’

Sweden is often hailed for its sweeping cultural and political emphasis on the equality of all things. But while the popular discourse tends to center on its progressive economic policies and far-reaching public services, the country’s focus on fairness stretches across the spheres of Swedish society—including, more recently, its school cafeterias. Continue Reading...

January 21, 2020

Bernie Sanders tweets a recipe for exacerbating the housing crisis

Note: An expanded version of this post was released as this week’s Acton Commentary. This week, Democratic presidential hopeful Senator Bernie Sanders, I-VT, tweeted the following reaction to a story from The Economist describing rising American rent payments: This is a crisis. Continue Reading...

January 20, 2020

Donald Boudreaux on why Oren Cass’s comparative advantage is not discussing comparative advantage

Last week I wrote about the basic economic illiteracy behind of Oren Cass’s case for industrial policy. So basic were the mistakes that I thought perhaps I had misread Cass’s argument. Continue Reading...

January 16, 2020

As Germany slows, Europe should worry

In 2019, the mighty German economy, the economic powerhouse of the European Union, grew a mere 0.6 percent. That’s right. It grew just over half a percent. In 2018, Germany grew 1.5 percent. Continue Reading...

January 15, 2020

If government can dream it, can it do it?

Oren Cass, author of The Once and Future Worker: A Vision for the Renewal of Work in America, has written a deeply confused response to Samuel Gregg’s essay ‘How Economic Nationalism Hurts Nations.’ Continue Reading...

January 13, 2020

Hayek, Catholic social teaching, and social justice

Last week David Deaval, Visiting Professor at the University of St. Thomas and 2013 Novak Award winner, wrote a very thoughtful essay on Fredrich Hayek, the question of social justice, and Catholic social teaching at the Imaginative Conservative. Continue Reading...

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