Over at MercatorNet, there is a discussion taking place on the “world’s most dangerous idea.” Entries include the idea that human beings are no more dignified than animals, that the cheap, abundant information found on the Internet is a good thing, and that the holding of dogmas is only for the narrow-minded. But the one “dangerous idea” most interesting to PowerBlog readers may that “capitalism is the most ethical form economics.”

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J.R.R. Tolkien

A reminder that tonight’s Acton on Tap promises to be another good one. Jonathan Witt, writer and Research Fellow at the Acton Institute, will lead a discussion about J.R.R. Tolkien’s views on freedom, capitalism, socialism, and distributism, and he will look at some of the ways those views have been misrepresented. The event takes place from 6-8 p.m. at the Derby Station in East Grand Rapids, Mich. (Map it here.) No advance registration is required. The only cost is your food and drink.

Read more on Acton on Tap: Tolkien and the Free Society…

Hilaire Belloc

Over the past five years, many conservatives and religiously-inclined people have been turning to the works of Hilaire Belloc and G.K. Chesterton as part of an effort to rethink the nature of economic life. Both these figures wrote about many other things than economics – and some would say that, for all their insights as Christian apologists, economics was never their strong point. Indeed many of their economic writings were heavily criticized when they were initially published in Britain and the United States. Here is an example of one such critique that appeared when Belloc’s The Servile State was first published under an American imprint in 1947. It repays close reading.

Read more on Recommended: Belloc’s Puzzling Manifesto…

Distributism may be a foreign term to many, but it is a movement of some importance in the history of Catholic social and economic thought. Popularized especially in early twentieth-century England by the prolific writers G.K. Chesterton and Hilaire Belloc, distributism has enjoyed mini-resurgences from time to time on both sides of the Atlantic. That it still packs some punch here in the U.S. is demonstrated, for example, by the recent creation of IHS Press. (IHS is not exclusively a distributist outlet, but distributist literature represents a significant portion of their publishing program.)

Read more on Beyond Distributism…

The prolific Thomas Woods has a new book out (with co-author Kevin Guzman): Who Killed the Constitution?

Woods is the author of the Templeton Enterprise-award-winning The Church and the Market, a volume in the Lexington Books series, Studies in Ethics and Economics, which is edited by Acton’s Sam Gregg.

Read more on Woods on the Constitution…