What an Olympic Swimmer’s Choice Tells Us About Capitalism

The legal institutions of capitalism exist not to advance any particular purpose, says Robert T. Miller, but to facilitate the advancement by individuals of their various, often conflicting purposes: As this article in the Wall Street Journal explains, Missy Franklin, a seventeen year-old from Colorado who won the gold medal in the 100-meter backstroke last week, has steadfastly refused lucrative endorsement contracts. Continue Reading...

PovertyCure Wins 2012 Templeton Freedom Award

PovertyCure, an educational initiative of the Acton Institute, has won a 2012 Templeton Freedom Award for its contributions to the understanding of freedom in the category of “Free Market Solutions to Poverty.” From the website: Acton Institute, United States The US based Acton Institute has won a 2012 Templeton Freedom Award for their PovertyCure educational initiative. Continue Reading...

Why People Prefer Government to Markets

People do not love markets,” says Pascal Boyer of the International Cognition & Culture Institute, “there is a lot of evidence for that.” Sadly, Boyer is right and I suspect he’s right about the cause too: People do not like markets because people seem not to understand much about market economics. Continue Reading...

ResearchLinks – 08.10.12

Call for Papers: “Our Entrepreneurial Future: East, West, North, and South” The Association of Private Enterprise Education Annual Conference, Maui, Hawaii, April 14 – 16, 2013. “Our Entrepreneurial Future: East, West, North, and South.” The Association of Private Enterprise Education (APEE) invites the submission of papers for its 38th International Conference in Maui, Hawaii, April 14-16, 2013. Continue Reading...

Get an MBA, Save the World

If you want to work in international development, says Charles Kenny, go work for a big, bad multinational company: Kids today — they just want to save the world. But there is more than one way to make the planet a better place. Continue Reading...

Hunter Baker’s ‘Political Thought’

One of the nice things about being asked to write an endorsement for books is that you often get a complimentary copy. My copy of Political Thought: A Student’s Guide arrived earlier this week, and it is the latest offering from Hunter Baker, my friend, sometime PowerBlog contributor, and last year’s recipient of Acton’s Novak Award. Continue Reading...

Ministers With MBAs

Libby A. Nelson at Inside Higher Education reports on the latest trend in clergy training: Dual degrees for seminary students aren’t entirely new. For decades, some seminaries and their nearby or affiliated colleges have graduated students with masters’ degrees in both divinity and social work. Continue Reading...

Hollande’s ‘Idol of Egalité’

French President François Hollande has promised a 75% tax rate on those in his country who earn an annual salary above one million euros ($1.24 million). Not surprisingly, this number has struck fear into the hearts and wallets of quite a few of France’s top earners, including some who are contemplating leaving and taking their jobs with them. Continue Reading...