Acton Institute Powerblog Archives

Post Tagged 'adam smith'

Edmund Burke, free marketer

It’s not just millennials and other young people who are souring on free markets (44 percent according to a new poll) — there’s also a growing disenchantment among some conservatives. Acton Research Director Samuel Gregg explains the conservative angst as rooted, among other things, in the threat that upheaval in market economies presents to the “permanency, order, tradition, and strong and rooted communities.” Conservatives who advocate for free markets should take this critique seriously and “rethink about how to integrate their case for markets into the broader conservative agenda.” And who better to make this case than Edmund Burke himself: Rather fewer people know that Burke was a committed free trader, a strong defender of private property, and a skeptic of government economic intervention. Continue Reading...

What Christians can learn from Adam Smith’s ‘paradox of value’

In a new video from TED Ed, Akshita Agarwal provides a quick lesson on Adam Smith’s “paradox of value” and the differences between “value in use” and “value in exchange.” For Christians, there’s a crucial lesson here about the best way to meet human needs in the economic order, whether through trade policy, reducing price controls, or any number of other areas.  Continue Reading...

The benefits of free global trade

In a new piece written for Public Discourse, Research Director for Acton Institute, Samuel Gregg, revisited crucial points made by Adam Smith in his classic Inquiry into the Nature and Causes of the Wealth of Nations which argued for an embrace of international trade. Continue Reading...

6 thought-provoking quotes from AEI’s ‘Economic Freedom and Human Flourishing’

In considering issues of political economy today, it is always prudent to refer to wisdom from the past.  The American Enterprise Institute’s recent publication “Economic Freedom and Human Flourishing: Perspectives from Political Philosophy” is a collection of essays that analyzes the thought of several prominent philosophers on the connection between the title’s two subjects. Continue Reading...

It’s All in Bastiat!

“It’s all in Plato, all in Plato: bless me, what do they teach them at these schools!” – Digory Kirke in C.S. Lewis’s The Last Battle The way Professor Kirk feels about Plato is how I feel about Frederick Bastiat. Continue Reading...

Audio: Samuel Gregg on Terrorism, Economics, and Poverty

Acton Institute Director of Research Samuel Gregg was a guest on Thursday’s edition of Kresta in the Afternoon on the Ave Maria Radio Network; his conversation with host Al Kresta touched on Europe’s current struggles with Islamic terrorism, with a focus on this week’s attacks in Brussels, Belgium, and then shifted to a preview of Sam’s upcoming Acton Lecture Series address on Pope Francis, Poverty, and the Economy. Continue Reading...