Four Economic Lessons from Plato’s Republic

When we consider the origin of the fundamental principles of economics, most of us think of Adam Smith and his Wealth of Nations. Smith arguably pioneered economics as its own discipline with this groundbreaking articulation of the workings of the free market. Continue Reading...

Natural law is human law

Perhaps the most confusing aspect of natural law is the phrase itself: “natural law.” For many people, the word “natural” implies human biology or the physical environment. For others, it means “instinct.” Continue Reading...

On Inequity and Inequality

I would like to clarify that inequity and inequality are overlapping (and related) but not identical sets. Here’s a diagram that might be helpful. The way these terms often get used makes it seem like this distinction could provide some clarity. Continue Reading...

Natural Law and the Rule of Law

David Theroux of the Independent Institute concludes his two-part article on “secular theocracy” here (the full article can be read here). In this second part, Theroux observes that “C.S. Lewis understood that natural law applies to all human behavior including government officials.” Continue Reading...

The Advantage of the Virtuous

In Allan Bloom’s translation of The Republic of Plato, Socrates sets out to define the meaning of justice, and if the just life can be seen as being more profitable than the unjust life.  Continue Reading...

Labor and the limits of work

There has been some good discussion over the past week and Labor Day holiday about the nature of work and its role in our lives (particularly here). The first thing I’d like to point out about Lester DeKoster’s claims regarding work is that he has in mind, at least partially, the classical Greek philosophical distinction between the active and contemplative life, particularly its disdain of manual labor. Continue Reading...