Economics

May 12, 2016

Faith at Work: A Symposium on Economic Flourishing in the Christian Life

The faith and work movement has grown significantly over the past decade, yielding a range of researchers and institutions that seek to explore the intersections of work, economics, and the Christian life. Continue Reading...

May 11, 2016

Understanding Trump: The Deal-Maker as Redistributionist

[Note: This is the second in an occasional series evaluating the remaining presidential candidates and their views on economics and liberty. You can find the first article here.] In the previous article in this series I explained that the key to understanding Donald Trump’s economic policies is the recognition that, for him, policy and principle are secondary to process. Continue Reading...

May 11, 2016

In Defense of Wall Street

If we forget finance’s indispensable role in modern economies, says Samuel Gregg, research director for the Acton Institute, in an op-ed for The Detroit News, it’s guaranteed that everyone will be worse off. Continue Reading...

May 05, 2016

A Great and Mysterious Collaboration: How Trade Turns Work Into Fellowship

“The fruit of our labor is fellowship. It’s community. It’s relationship.” Global trade has suddenly emerged as a hot conversation in the current election cycle, with candidates like Donald Trump and Bernie Sanders leading the charge toward severe protectionism, while the others quietly shrug and nod along accordingly. Continue Reading...

May 03, 2016

Now Available: ‘On Sale, Securities, and Insurance’ by Leonardus Lessius

In his famous work, History of Economic Analysis, economist Joseph A. Schumpeter gives a favorable nod to the works of Leonardus Lessius (1554–1623), sparking a fair amount of interest in the 16th-century Jesuit moral theologian. Continue Reading...

April 29, 2016

David Brat on the Need for Theologians Who Understand Economics

“I never saw a supply and demand curve in seminary. I should have.” This was written by Virginia Congressman David Brat in an academic paper back in 2011, when he was still an economics professor at Randolph-Macon College. Continue Reading...

April 28, 2016

Chobani’s CEO on the Art of Executive Stewardship

As politicians continue to decry the supposed “greed” of well-paid investors, business leaders, and entrepreneurs — promoting a variety of reforms that seek to mandate minimums or cap executive pay — one company is demonstrating the value of economic freedom and market diversity. Continue Reading...

April 19, 2016

The Correlation Between GDP and Human Flourishing

Recently we considered a simple tool and metric for measuring economic well-being: real GDP per capita. Yet such metrics feel can seem materialistic. What about the things that money can’t buy, we wonder, like health and happiness? Continue Reading...

April 18, 2016

Samuel Gregg: How Bernie Sanders spins a papal encyclical

At The Stream, Acton Institute Research Director Samuel Gregg does a crime scene investigation of Bernie Sanders’ take on Pope John Paul II’s Centesimus Annus encyclical. You might never guess, by listening to the Democrat presidential candidate, that John Paul actually had some positive things to say about the market economy. Continue Reading...

April 15, 2016

A Policy Solution to Fix Inequality and Boost GDP

Andrew Biggs of AEI has a piece up today at Forbes addressing the gender pay gap and provides a neat solution: “forbid women from staying at home with their children.” As Biggs points out, such a policy would address perhaps the greatest root cause of gender pay inequality: varied work experience attributable to choices women make. Continue Reading...

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