Economics

March 21, 2017

‘A habit of the heart’: Michael Novak on social justice

What is “social justice”? For some, it represents an ideal or a vision of a certain kind of society. For others, it’s a placeholder for particular government policies. For others, it’s a mere marker of ideology. Continue Reading...

March 16, 2017

Beyond a material understanding of poverty

As we continue to encounter the adverse effects of particular forms of foreign aid, it becomes increasingly clear that solving complex social and economic problems requires a level of care, concern, and discipleship not well suited to detached top-down “solutions.” Continue Reading...

March 15, 2017

Radio Free Acton: Anne Rathbone Bradley on the power of economic freedom

Today on Radio Free Acton, we talk with Anne Rathbone Bradley, Ph.D. She serves as Vice President of Economic Initiatives at The Institute for Faith, Work and Economics, and joins us to talk about the vital role that economic freedom plays in lifting people out of poverty. Continue Reading...

March 14, 2017

Economist as prophet vs. savior

What do economists actually know? What can they possibly know? Assuming his usual role as the insider skeptic, economist Russ Roberts ponders those questions at length, concluding that far too much economic analysis is conducted and promoted with far too little humility. Continue Reading...

March 13, 2017

Why “opportunity zones” are an opportunity to expand cronyism

Embed from Getty Images Bad policy is not transformed into good policy simply because it’s advocated by good people with good intentions. This should be obvious—especially to conservatives—yet it’s a lesson we continually have to relearn. Continue Reading...

March 07, 2017

‘Economic Wisdom for Churches’: Restoring a biblical economic narrative

The faith-work movement has spurred many churches to begin seeing the bigger picture of God’s design and purpose for economic activity. Yet the church’s role and responsibility in economic discipleship doesn’t end with a basic shift in our thinking. Continue Reading...

February 28, 2017

A guaranteed income isn’t the solution to widespread unemployment

In a recent article for Public Discourse, Dylan Pahman, a research fellow at Acton, examines the ineffectiveness of trade protectionism and universal income guarantees. Pahman argues that regulating wages and restraining free trade will do more harm then good to the success of business. Continue Reading...

February 24, 2017

Why people prefer government to markets

People do not love markets,” says Pascal Boyer of the International Cognition & Culture Institute, “there is a lot of evidence for that.” Sadly, Boyer is right and I suspect he’s right about the cause too: People do not like markets because people seem not to understand much about market economics. Continue Reading...

February 23, 2017

DonorSee: A charity app that challenges ‘Big Aid’

For far too long, Westerners have simply accepted the status quo of foreign aid, building ever-larger systems and programs for global charity even as they’re proven to squander resources and disempower the very communities they intend to assist. Continue Reading...

February 14, 2017

The myth of ‘economic man’: How love holds society together

Despite the predictable flurry of sugary clichés and hedonistic consumerism, Valentine’s Day is as good an opportunity as any to reflect on the nature of human love and consider how we might further it across society. Continue Reading...

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