The unintended consequences of clothing donations

A recent article in the Wall Street Journal focuses on the market for the global clothing donation and recycling industry, centering on the trade from the United States to India. One of the most immediately striking elements of the piece are the photographs that accompany it, featuring piles and piles of used clothing on large trucks and people picking through the mountains of fabric taller than they are. Continue Reading...

Understanding Austrian economics

The central theme of the Austrian tradition, which might better be called the liberal tradition, is that society runs itself. This is strongly linked to the idea of freedom in the liberal sense, meaning the opportunity for the individual to advance and to create wealth. Continue Reading...

What motivated ‘leave’ voters in Brexit?

In the wake of the British vote to leave the European Union, many are wondering what led the majority of voters to affirm the Brexit. In his commentary Brexit: Against the Political Class, Samuel Gregg points out a common element in all of the motivations behind the “Leave” decision: a frustration with established career politicians. Continue Reading...

Investing prudently and morally

How should your views on morality affect your investment strategy? David Bahnsen, Chief Investment Officer at The Bahnsen Group, argues in an Acton University presentation titled “Value Investing” that the question is a surprisingly complex one. Continue Reading...

Should ideas be considered property?

The industrial revolution did not begin in the eighteenth century, but was a gradual process of development comprised of the individual actions of thousands of innovators across time. The dramatic changes in the world have come about partially due to the technological growth, some of which developed out of this revolution of industry. Continue Reading...

Brexit reflects desire for democracy

In a piece published at The Catholic World Report, Samuel Gregg maps out the EU’s origins and decline and Britain’s consequential cry to leave its grasp. Gregg explains that although British voters chose to vote for Brexit for various reasons, “It’s hard, however, to deny that the EU’s top-down approach to public life, its stealth supplanting of national laws, and, perhaps above all, the sheer arrogance of its political-bureaucratic leadership played a major role in causing 52 percent of British voters to say that enough was enough.” Continue Reading...