Before economics, human freedom: Learning from Venezuela’s collapse

The Venezuelan people continue to struggle and suffer under the weight of severe socialist policies, facing economic collapse, widespread poverty, and mass starvation. In response, socialism’s critics are quick to focus on the external features, noting how all of this could have been easily avoided with a basic respect for property rights, free exchange, free prices, and so on. Continue Reading...

Drucker on the church that puts economics in perspective

This is the second in a series of essays on Peter Drucker’s early works.  In The End of Economic Man, Peter Drucker was impressed (not pleased, but impressed) with the ability of fascists and communists to gain the support of millions of people by offering an alternative to economic status within a society. Continue Reading...

Sphere sovereignty and limited (and legitimate) government

The Dutch theologian and statesman Abraham Kuyper is well-known for his articulation of sphere sovereignty, and the following passage from the third volume of his Common Grace trilogy is a clear and balanced summary of this doctrine, particularly as it relates to the limits of government action. Continue Reading...