Shareholder Activists Step-Up Leftist Resolutions for 2016

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Private Schools for the Poor

One of the popular targets of foreign aid is education, and understandably so. Yet as with most solutions sprouting from Western planners and do-gooders, the reality on the ground is a bit different than we typically imagine.  Continue Reading...

Determinism, Dependency, and the Irreducible Person

“Sociological determinism informs our public policy,” says Ismael Hernandez in this week’s Acton Commentary. “Those with a stake in the maintenance and expansion of government bureaucracies feed upon pathology and find a willing constituency among those who perceive the world in terms of victims and perpetrators.” Continue Reading...

Explainer: President Obama’s FY2017 Budget

What is the President’s budget? Technically, it’s only a budget request—a proposal telling Congress how much money the President believes should be spent on the various Cabinet-level federal functions, like agriculture, defense, education, etc. Continue Reading...

Ben Sasse on Why Over-Regulation Hurts the Poor

Conservatives are known for arguing about the ill effects of over-regulation, reminding us how it stifles innovation, cramps entrepreneurship, and harms small businesses. Where we’re less effective is connecting this reality to the more fundamental abuses it wields on human dignity in general and the poor and vulnerable in particular. Continue Reading...

Joseph Schumpeter and the Moral Economy

Today is the 133 birthday of the late Austrian-born economist, Joseph A. Schumpeter. A Finance Minister of Austria and later Harvard professor, Schumpeter coined the term “creative destruction” in explaining how capitalism delivers progress: The opening up of new markets, foreign or domestic, and the organizational development from the craft shop to such concerns as U.S. Continue Reading...

What Christians Should Know About Crony Capitalism

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Crony capitalism (sometimes referred to as cronyism or corporatism) What it means: Crony capitalism is a general term for the range of activities in which particular individuals or businesses in a market economy receive government-granted privileges over their customers and/or competitors. Continue Reading...