Economics

November 25, 2019

Wealth inequality is a First World problem

As the West has become progressively more interventionist, concern with “income inequality” has been eclipsed by “wealth inequality.” However, that focus betrays a certain blindness to a vital economic reality. Measures of equality and inequality tell us nothing about what really matters: a society’s prosperity or poverty. Continue Reading...

November 25, 2019

Stephanie Slade on markets, planning, and Catholic social teaching

Stephanie Slade writes in next month’s edition of Reason Magazine about, ‘Regulation and ‘the Right Ordering of Economic Life” according to Catholic social teaching: The Church’s surprising lesson for partisans of big government is that the best tools for correctly ordering economic life are found in the choices of individual market actors. Continue Reading...

November 22, 2019

2019 Calihan Lecture Video: Religion, Society, and the Market

Last month, Prof. Giuseppe Franco received the 2019 Novak Award at the University of San Diego where he delivered the 19th Annual Calihan Lecture on “Religion, Society, and the Market: The Legacy of Wilhelm Röpke.” Continue Reading...

November 20, 2019

Video: Victor Claar on the moral legacy of John Maynard Keynes

Last Thursday, we were pleased to welcome Victor Claar, associate professor of economics in the Lutgert College of Business at Florida Gulf Coast University, to participate in the 2019 Acton Lecture Series with an address on the moral legacy of John Maynard Keynes. Continue Reading...

November 18, 2019

The myth of the young entrepreneur

Jeffrey Tucker wrote a good piece at The American Institute for Economic Research. It is an important reminder about how hard business is and how the idea that most entrepreneurs are young is a myth. Continue Reading...

November 14, 2019

The temptation of propaganda

Law & Liberty just published a talk I gave at the Philadelphia Society meeting earlier this year on conservatism and the future of truth. We live in an age of propaganda. Continue Reading...

November 13, 2019

The human person, economy, and state

In this week’s Acton Commentary I explore Presidential candidate Sen. Kamala Harris’s proposal to federalize day care to align school and work schedules as, “an economic growth and child development strategy”: Economists, politicians, and even everyday people often talk of “the economy” as if it were a separate and distinct thing from the values, choices, and actions of everyday people. Continue Reading...

November 13, 2019

Toward an economics of abundance: How the cross triumphs over scarcity

For many, economics is ultimately about solving the problem of scarcity—determining how to best use and distribute limited resources. Yet, as some economists are beginning to understand, human creativity and innovation are increasingly allowing us to triumph over such scarcity. Continue Reading...

November 12, 2019

‘Inclusive capitalism’? Why not simply ‘capitalism’

I like the word inclusive. Who doesn’t? My colleague certainly likes the word inclusive, especially when I include more money in her paycheck. My wife likes the word inclusive, when I include her equally in my share of assets and especially when I include myself in the housekeeping. Continue Reading...

November 11, 2019

Turning African game poachers into conservationists

In a new video from the Property and Environment Research Center in Bozeman, Montana, African hunting guide Mark Haldane explains how “habitat conservation depends on making wildlife economically competitive with other land uses.” Continue Reading...

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