Acton Institute Powerblog Archives

Business and Society

The Idle Rich

Over at his blog, Peter Boettke writes, “The idle rich are never really idle in a free market economy.” Now while we might want to distinguish between the rich and their riches, could it be that even in their consumption, conspicuous or otherwise, the rich are contributing to a rising tide that lifts all boats? Continue Reading...

You Are The Special

The much-touted Lego Movie drops on disc today, and before you pick up your copy, I encourage you to remember that “Everything Really Is Awesome.” Emmet’s words to Lord Business apply to us all: You don’t have to be the bad guy. Continue Reading...

Rationing by Rudeness

In an article in the Journal of Markets & Morality, Ryan Langrill and Virgil Henry Storr examine “The Moral Meanings of Markets.” They argue that “traditional defenses of the morality of the market tend to inadequately articulate the moral meanings of markets.” Such defenses tend to argue from practical, even pragmatic or utilitarian, grounds. Continue Reading...

Capital Then and Now

Speaking of Thomas Piketty, here’s a very helpful and revealing interview with Matthew Yglesias, “Thomas Piketty doesn’t hate capitalism: He just wants to fix it.” (HT: PEG) A few highlights with some comment: On the need for a historical perspective in economics: Thomas Piketty: … It’s not only economists’ fault. Continue Reading...

Those Horrible Koch Brothers And The Good They Do

Given the press the Koch brothers (David and Charles) get, one would expect to see a photo of them sporting devil’s horns with blood dripping from their fangs. Here are just a few examples: They have a pattern of lawbreaking, political manipulation, and obfuscation. Continue Reading...

Our Sad Sex Economy

As much as progressives balk at the “imposition” of religious morality and the church in public and social spaces, secular humanism’s moral relativism is not working in America and continues to leave children vulnerable to profound evil. Continue Reading...