Rule of Law

September 30, 2019

Giuseppe Franco to Deliver the 2019 Calihan Lecture: ‘Religion, Society, and the Market’

Mark your calendar! As announced earlier this year, Professor Giuseppe Franco is the recipient of the 2019 Novak Award. In the upcoming 19th annual Calihan Lecture, Franco will examine the social philosophy and economic ethics of Wilhelm Röpke, 19th century economist said to be one of the spiritual fathers of the social market economy. Continue Reading...

July 18, 2019

Minority views? Priceless

There’s something in our DNA to feel threatened by ideas that challenge our own. History is haunted by tragic examples of the suppression of minority views, whether it be Athens killing Socrates (399 BC), the Roman Inquisition’s placing Galileo under house arrest for advocating heliocentrism (1632), Nazi book burning (1933), or the persecution of many thousands of academics during the Cultural Revolution (1966). Continue Reading...

June 25, 2019

2019 G20 Summit: Tariffs and forbearance

As world leaders from a select group of the largest national economies meet in Osaka at the end of this week, they face increasing volatility and uncertainty around some of the basic principles and institutions that bring together their various peoples in the global marketplace. Continue Reading...

May 20, 2019

Why looting is the worst kind of theft

The Mongol ruler Genghis Khan once asked his generals, “What is the greatest happiness in life?” When they answered that it was going hunting on a spring day while riding a beautiful horse, Genghis said they were wrong. Continue Reading...

May 15, 2019

Should credit-card interest be capped at 15%?

Democratic presidential primary contender Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez have unveiled a plan to cap credit-card interest rates at 15%: Under the “Loan Shark Prevention Act,” the annual percentage rate applicable to any extension of credit would not be allowed surpass 15% on “unpaid balances, inclusive of all finance charges” or “the maximum rate permitted by the laws of the State in which the consumer resides.” Continue Reading...

May 10, 2019

Global poverty reduction slows – but there’s a fix

For the past many years, the news about extreme poverty around the globe has been extremely encouraging. The number of people living on $1.90 a day (2011 PPP), which the World Bank defines as extreme poverty, has been falling for decades. Continue Reading...

May 09, 2019

Rev. Robert Sirico on ‘The Late-Scholastic and Austrian Link to Modern Catholic Economic Thought’

As Acton’s librarian I can’t help but be immersed in the history of the Institute. I regularly stumble upon thought-provoking material from well before I began my work here in the late 2000’s which is itself a continuing education. Continue Reading...

April 24, 2019

Should the Boston Marathon bomber get to vote?

During a CNN town hall on Monday, a student asked Democratic presidential candidates Bernie Sanders and Kamala Harris whether they would allow felons in prison to vote: You have said that you believe that people with felony records should be allowed to vote while in prison. Continue Reading...

March 19, 2019

Finding common grace in a Ugandan refugee camp

Every day we receive innumerable blessings from God. We receive these blessings apart from our individual standing before God or our membership in any faith community. These blessings are rooted in God’s creation itself. Continue Reading...

January 28, 2019

From the streets of Caracas, Venezuela

Perhaps nothing sums up the situation in socialist Venezuela quite like the photo below. Within just a few feet of a grocery store, people dig through a garbage truck in desperation looking for food. Continue Reading...

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