Latest Posts

May 22, 2018

The beauty of trade: How sharing creates civilization and culture

In our complex and globalized economy, it can be hard to remember that trade and markets are fundamentally about relationships—channels for human interaction in pursuit of goods and services. That basic reality may be easier to see and feel at the local farmer’s market or the neighborhood diner, but it nonetheless translates across more intricate and extensive networks of exchange. Continue Reading...
May 22, 2018

The puzzle of economic growth

Note: This is post #79 in a weekly video series on basic economics. Why are some countries rich and others poor? There are various factors that interact in a dynamic and changing environment. Continue Reading...
May 21, 2018

Can human rights be repealed by majority vote?

This Friday, May 25, Irish voters will decide in a national referendum whether to repeal Article 8 of the Constitution, which “acknowledges” the rights of all living human beings in Ireland, including unborn children, and encourages lawmakers to enact “laws to defend and vindicate that right.” Continue Reading...
May 18, 2018

Income inequality doesn’t affect living standards

When historians and economists look back at our era (starting around the time of the “Great Recession” in 2007) they’ll be hard-pressed to understand why so much of the policy debates centered around an issue of relatively minor importance that has existed since the beginning of humanity: income equality. Continue Reading...
May 17, 2018

How the Vatican misunderstands finance

Earlier today, the Vatican released Oeconomicae et pecuniariae quaestiones, a statement on “ethical discernment regarding some aspects of the present economic-financial system.” The document outlines sound general principles, says Acton research director Samuel Gregg, but also reflects the Church’s present struggle to comprehend modern finance: Over the past decade, various Vatican offices have produced several documents addressing the vexed topic of finance and banking. Continue Reading...