How Does the Economy Actually Work?

In every stage of my formal schooling – from high school to college to graduate school – I’ve taken courses in economics. Yet with all that education I still struggle to understand a seemingly simple question: How does the economy actually work? Continue Reading...

Bill Gates and ‘Catalytic Philanthropy’

In today’s Wired, Microsoft founder Bill Gates shares his thought on how busines, government and philanthropy can make positive changes in the world. Gates makes it clear that he is pro-capitalism: I am a devout fan of capitalism. Continue Reading...

‘A Vision of the Impossible’: Taft on Progressives and Panaceas

In a wide-ranging discussion of the Progressive Era in her new biography of Calvin Coolidge, Amity Shlaes quotes a striking excerpt from a little-known speech by President William Howard Taft. Given in the middle of the 1912 election, in which Taft competed (poorly) against Woodrow Wilson and former President Teddy Roosevelt, the speech focuses on the predominant themes and schemes of his opponents, handily highlighting their limits. Continue Reading...

Video: John Blundell at the Acton Lecture Series

We’ve had a busy couple of weeks at the Acton Institute, hosting a number of events here in Grand Rapids including a couple of Acton Lecture Series presentations. The first of those came on October 15, as we welcomed John Blundell, Visiting Fellow at the Heritage Foundation and Distinguished Senior Fellow at the Institute of Economic Affairs. Continue Reading...

The Secular Warrior and the Kingdom of God

The most recent issue of the Journal of Markets & Morality (16.1) features an updated translation of “The Moral Organization of Humanity as a Whole,” the last chapter of the Russian Orthodox philosopher Vladimir Soloviev’s major work on moral philosophy The Justification of the Good. Continue Reading...

‘Tea Party Catholic:’ To Progress or to Flourish

Carroll Ríos de Rodríguez, professor of economics and politics at Universidad Francisco Marroquín in Guatemala, recently reviewed Samuel Gregg’s latest book, Tea Party Catholic in her column at ContraPoder.  She begins by discussing the incorrect assumption that redistribution of property and collectivism are inherently Christian commandments stating that the concept of individual freedom actually stems from Christianity. Continue Reading...