capitalism

March 08, 2023

The Adam Smith We Need

There are two reasons to read Glory M. Liu’s new comprehensive book, Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism. The first is that if you are a student of economics or history, there is a remarkable amount of well-documented information packaged into a logically sequential analysis that is well worth your time. Continue Reading...

September 16, 2022

Free Enterprise Is Saving African Lives

For years, Africa has dominated the podium in the “bad healthcare” Olympics. For reference, the average cost for an established patient and Medicare recipient to make one visit to a family practice in Pennsylvania (where I live) is approximately $88—the cost of less than a week’s worth of groceries. Continue Reading...

August 26, 2022

Pope Francis wants us to pray for small and medium-sized enterprises

Who would ever have guessed this would happen? Well, it did. And in the quiet month of Rome’s roasting August, when the city experiences a near-total exodus to cooler climes. Very few journalists, in either the religious or secular press, noticed. Continue Reading...

August 02, 2022

A Reply to David Brooks: Don’t apologize for capitalism

In recent weeks, the New York Times has been running opinion pieces in which various columnists expound on a topic about which they have changed their views. On July 21 it was David Brooks’ turn to lay out his mea culpa. Continue Reading...

January 11, 2022

Dave Ramsey, Christian witness, and the morality of markets

The tweet heard ’round the world last week involved a clip of Dave Ramsey arguing that a Christian landlord can, ethically, raise rents to market levels even if it means that the renter has to move out. Continue Reading...

October 26, 2021

Beyond material prosperity, economic freedom fosters virtue and relationship

In defending the cause of economic freedom, it can be easy to focus only on the material fruits, whether it be new innovations and efficiencies or the ongoing expansion of opportunity and abundance. Continue Reading...

August 12, 2021

Ford Foundation’s aim to ‘change philanthropy’ warps the true meaning of ‘justice’ and ‘generosity’

The Ford Foundation gives over $500 million dollars annually, mostly in grants, to nonprofit organizations around the world. Foundation President Darren Walker came from humble beginnings in rural Texas and now oversees the Foundation’s $15 billion endowment. Continue Reading...

May 26, 2021

Why capitalism is worth conserving

Amid the waves of populism and protectionism sweeping across the American Right, capitalism has become a favorite target of many prominent conservatives, blamed for the decline of religion, the demise of the family, and the erosion of civil society. Continue Reading...

September 11, 2020

David French’s Christian vision for economic freedom

Given the recent wave of populism and protectionism sweeping across the American Right, we see increased criticism of free markets among conservatives – complete with lengthy debates about the purpose of the nation-state, the role of the market in civil society, and whether classical liberalism has any enduring value in an age of technological disruption and globalization. Continue Reading...

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...

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