Acton Institute Powerblog Archives

Post Tagged 'capital'

Samuel Gregg asks, ‘what good is money?’

While money’s purpose is to serve as a medium of exchange, this is not its only function. Samuel Gregg, in an article for Witherspoon Institute’s Public Discourse, defines the purpose of money and finance, in general, as well as its ability to serve the economy of the people. Continue Reading...

The 6 Elves of Capitalism

In “The Elves and the Shoemaker,” the famous fairy tale by the Brothers Grimm, a cobbler and his wife struggle to survive, barely making enough to eat (never mind investing in the future of their business). Continue Reading...

Bourgeois Equality: The Modern World Can’t Be Explained By Material Causes

Economist Deirdre McCloskey is set to release the long-anticipated conclusion of the Bourgeois Era trilogy sometime next spring. The book, Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World, will build on her thesis that our newfound prosperity is not primarily due to systems, tools, or materials, but the ideas and rhetoric behind them. Continue Reading...

Video: Jeffrey Tucker Explains Why Capitalism Is About Love

The 2015 Acton Lecture Series got off to a rousing start last week with the arrival of Jeffrey Tucker, Chief Liberty Officer of Liberty.me, to deliver the first lecture of this year’s series, entitled “Capitalism Is About Love.” If you go by the conventional wisdom, that seems to be a counterintuitive statement.  Continue Reading...

Can Capitalism Cure Terrorism?

The Middle East is enduring yet another wave of terror and political change, spurring countless Western analysts and elites to offer their preferred strategies and solutions, most of which involve military force, foreign aid, or some mixture of the two. Continue Reading...

How an Excess of Social Capital Can Hurt the Poor

What are the barriers that prevent the poor from moving into the middle class? One surprising answer, says Megan McArdle, is an excess of social capital. In the video below, McArdle explains why understanding how social and financial capital function in low-income communities can help us be more effective in helping then poor. Continue Reading...

Belloc, Distributism and Political Power

I can always find common ground with the Distributists I meet. We want to replace the government-corporate cronyism that characterizes so much of our current economic system. And we want our culture to raise up young people with the skills, virtues and freedom to accumulate productive capital and invest it in ways that promote human flourishing for themselves and others. Continue Reading...