Why American slavery wasn’t capitalist

In his new book, The Half Has Never Been Told: Slavery and the Making of American Capitalism, Edward E. Baptist “offers a radical new interpretation of American history,” through which slavery laid the foundation for and “drove the evolution and modernization of the United States.” Continue Reading...

Is Money Just a Necessary Evil?

If money didn’t exist, would God have ordained that we invent it? Theologian Wayne Grudem says he would since money is simply a tool for our use that makes voluntary exchanges possible: Money makes voluntary exchanges more fair, less wasteful, and far more extensive. Continue Reading...

Can Capitalism Cure Terrorism?

The Middle East is enduring yet another wave of terror and political change, spurring countless Western analysts and elites to offer their preferred strategies and solutions, most of which involve military force, foreign aid, or some mixture of the two. Continue Reading...

Russ Roberts on What Thomas Piketty Ignores

Thomas Piketty’s new book, Capital in the Twenty-First Century, has created quite the stir, and with its overwhelming size (700 pages) and corresponding array of commentaries and critiques, it’s tough to know where to start. Continue Reading...

How the Economy Affects Marriage Rates

For the past three decades, there has been an attempt by the political class to divide conservatism into two main branches: social and economic. The two are often pitted against each other despite the fact that most conservatives in America would identify with both sides. Continue Reading...

The Dangers of Material Wealth and Spiritual Poverty

In helping developing countries to increase their economic prosperity, says Acton’s Jordan Ballor, we must remember that human welfare cannot be reduced to material realities. If a nation were to pursue GDP growth as its highest goal, it would probably institute policies and incentives to induce women to work outside the home and professionalize child care. Continue Reading...

Does the Bible Endorse Free Markets?

Most Christians recognize that the Bible has lot to say about economic topics, such as money and poverty. Yet there is a paradoxical assumption, whether stated or unspoken, that these passages don’t speak to larger economic issues. Continue Reading...