Acton Institute Powerblog Archives

Post Tagged 'Mercatus'

What Pope Francis Misses About the Morality of Capitalism

“Defending capitalism on practical grounds is easy,” writes economist Donald Boudreaux at the Mercatus Center. “It is history’s greatest force for raising the living standards of the masses.” What’s more difficult, it seems, is understanding its moral logic, spiritual implications, and which of each is or isn’t inherent to private ownership and economic exchange. Continue Reading...