Acton Institute Powerblog Archives

Post Tagged 'ethics'

The cramped morality of trade protectionism

“If a product is seen only as the opportunity for work, it is certain that the anxieties of protectionists are well founded.” –Frédéric Bastiat, Economic Sophisms Drawing inspiration from a 1847 essay by the inimitable Frédéric Bastiat, economist Donald Boudreaux tackles a popular argument from today’s trade protectionists: namely, “that protectionism is justified if enough consumers or voters are willing to pay higher prices in order to help workers.” The problem, of course, is that such a perspective debases the value of labor to the value of products and vice versa, ignoring the many other relationships and ripple-effects that production and trade are bound to inspire. Continue Reading...

Why truly free trade is also truly fair

Throughout our political discourse, we continue to hear critiques of free trade from left and right, each of them ultimately aiming to prod us closer to an abstract notion of so-called “fair” or “fairer” trade. Continue Reading...

Don’t let culture define religious liberty

When a fashion designer recently called for an industry boycott of Melania Trump due to her political beliefs, plenty of progressives called it brave and principled. Yet when Christian wedding photographers express their own disagreements or beliefs, acting on one’s conscience somehow becomes a “sticky issue.” That’s how one student describes it in a series of interviews at the University of Wisconsin-Madison. Continue Reading...

New Issue of the Journal of Markets & Morality (19.2)

The most recent issue of the Journal of Markets & Morality, vol. 19, no. 2, has been published online and print copies are in the mail. This issue features the publication of Acton’s 2015 Novak Award winner Catherine Pakaluk’s lecture, “Dependence on God and Man: Toward a Catholic Constitution of Liberty,” in addition to our regular slate of peer-reviewed articles. Continue Reading...

Explainer: Christmas 2016 by the Numbers

As the most widely observed cultural holiday in the world, Christmas produces many things—joy, happiness, gratitude, reverence. And numbers. Lots of peculiar, often large, numbers. Here are a few to contemplate this season: $50.82 – Average amount U.S. Continue Reading...