Acton Institute Powerblog Archives

Post Tagged 'fair trade'

Fair Trade and Good Intentions

A constant theme here at the Acton Institute is the idea that good intentions are not enough…they need to be connected to sound practice. In a reflection on fair trade at WORLDmag.com, D. Continue Reading...

Fair Trade: Rhetoric and Reality

The NYT Freakonomics blog notes that the Fair Trade movement does not exist independently of the laws of economics: But the problem with Fair Trade coffee is that as the program scales up, the alternative market ethics it wants to sustain collapse. Continue Reading...

Critiquing Fair Trade and Dead Aid

Cardus’ Robert Joustra rightly pillories “fair trade” along with the logic of foreign aid in a challenging article, “Fair Trade and Dead Aid: ‘My Voice Can’t Compete with an Electric Guitar.'” Joustra’s point of departure is sound: “The aid model is not working, and no large-scale cash infusion or debt forgiveness scheme is going to make it suddenly start working. Continue Reading...

Free Trade Follies

Last week presidential candidate John McCain distanced himself from economic adviser Phil Gramm, after Gramm’s comments that America had become a “nation of whiners” and that the current concerns over a lagging economy amounted to a “mental recession” rather than any real phenomena. Continue Reading...

CFR Debate: Free Trade or Fair Trade?

The Council on Foreign Relations is hosting an online debate (in blog form!): “Policy for the Next President: Fair Trade or Free Trade” (HT). From the introduction: “Jonathan Jacoby, associate director of international economic policy at the Center for American Progress and Robert Lane Greene, an international correspondent for the Economist, debate the shape of trade policy for the next U.S. Continue Reading...

Fair Trade’s Faded Facade

The Free Exchange blog at Economist.com (HT) concludes a long and thoughtful post on fair trade, specifically in response to this recent NYT article, “Fair Trade in Bloom,” by wondering: And how does this affect coffee supply? Continue Reading...

Economic Lessons in Your Morning Mug

A NYT editorial informs us today that retail prices for coffee products are rising (HT: Icarus Fallen). We are assured, however, that the price rise has been “relatively modest” and that an important factor is “changes in supply and demand in a global economy.” No kidding. Continue Reading...