Jerry Ford, Faith, Free Markets and Michael Novak in Grand Rapids
Mark Tooley, Juicy Ecumenism
The rebirth of American confidence and prosperity was fueled by new intellectual ammunition for democracy and free markets. Chief among them was Catholic philsopher Michael Novak’s 1982 Spirit of Democratic Capitalism. Novak provided theological and moral arguments for limited government and free enterprise.
Adam Smith: The Morality of the Invisible Hand
Gertrude Himmelfarb, Standpoint
“Das Adam Smith Problem” — that problem was put to us a century-and-a-half ago by a German economist (August Oncken, little known today except for that memorable phrase), and we are still wrestling with it. At issue is the apparent contradiction between The Wealth of Nations and The Theory of Moral Sentiments — between the political economist and the moral philosopher.