Capitalism is Not Based on Greed

In a new essay at The American, Jay Richards explains why capitalism isn’t based on greed. In Acton’s first documentary, The Call of the Entrepreneur, Richards along Rev. Robert Sirico, Sam Gregg, Michael Novak and others touch on this matter in making the moral case for the free economy. Continue Reading...

The Economics Nobel

My response to the awarding of the Nobel Prize in Economics to Elinor Ostrom and Oliver Williamson was published on National Review Online: Unlike a certain other Nobel Prize, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel actually requires evidence of substantial achievement. Continue Reading...

What hath Vienna to do with Colorado Springs?

Working as we do here at the intersection between economics and theology, the relationship between various kinds of classically liberal, libertarian, Austrian, and other economic modifiers and religion in general and Christianity in particular is in constant view. Continue Reading...

Potential and the Peace Prize

In his book Elements of Justice (reviewed in the Journal of Markets & Morality here), University of Arizona philosophy and economics professor David Schmidtz introduces the idea of desert not simply as a compensatory notion, but also as including a promissory aspect. Continue Reading...

Religion & Liberty Interviews Amity Shlaes

The new issue of Religion & Liberty features an interview titled “Debating the Depression” with noted columnist and author Amity Shlaes. Shlaes does a superb job at reminding us about some of the consequences associated with massive government spending and regulation. Continue Reading...

Less Religion Means More Government

My article from this week’s Acton News & Commentary: Soviet communism adopted Karl Marx’s teaching that religion was the “opiate of the masses” and launched a campaign of bloody religious persecution. Continue Reading...

Impossible Promises on Health Care

I still haven’t quite gotten to a thorough fisking of “Exhibit B,” yet, and will have to be satisfied with arguing the following thesis in the meantime: It is impossible to increase insurance coverage in America without increasing medical spending. Continue Reading...