Lessons from India’s ‘private city’

  Given the acceleration of urbanization around the world, many are wondering how local governments and city planners will keep up with the pace. While advocates of free markets routinely argue for fewer top-down restrictions and more privatization of local services, others argue for increased controls and more advanced central planning. Continue Reading...

Samuel Gregg on Pope Francis and radical capitalism

AP Photo/Andrew Medichini In a recent speech delivered to a gathering of the Roman round table of The Global Foundation at the Vatican, Pope Francis addressed economics. Specifically, he suggested that a capitalist ideology which is unconcerned about the marginalized has run rampant across the world.  Continue Reading...

Pope Francis, Manzoni’s The Betrothed, and sound economics

Alessandro Manzoni Alessandro Manzoni, an Italian poet and novelist, is best known for his book The Betrothed.  Rev. Robert Sirico, president and co-founder of the Acton Institute, recently wrote an article for Crisis Magazine praising Manzoni and discussing some of the economic themes found in The BetrothedContinue Reading...

Does globalization destroy culture?

Globalization is routinely decried for its disruptive effects, particularly as it relates to local culture and community enterprises and institutions. Even as it’s proven to drive significant economic growth, questions remain about its steamrolling influence on the culture. Continue Reading...

Providence, presidents, and the fundamental fallacy of pop economics

When running for president, candidates often makes outlandish promises about how we’ll benefit once they have power. For instance, vice-presidential candidate John Edwards said in 2004 that, “when John Kerry is president people like [quadriplegic actor] Christopher Reeve will get up out of that wheelchair and walk again.” And in 2008, then-candidate Barak Obama said we’ll look back on his winning the Democratic nomination as the moment “when the rise of the oceans began to slow and the planet began to heal.” The most absurd claims, though, are often about matters of economics. Continue Reading...