Acton Institute Powerblog Archives

Post Tagged 'financial crisis'

The Rabbis and the Credit Crunch

In the inaugural lecture of the Center for the Study of Judaism and Economics at the Jerusalem Institute for Market Studies, Nobel Laureate economist Professor Robert (Yisrael) Aumann talked about the link between economics, Judaism and the current economic downturn. Continue Reading...

Rev. Sirico on National Review Online

National Review Online today published Rev. Robert Sirico’s “A House Built on Sand,” his Acton commentary on the financial crisis. Wall Street has been skewered and denounced in almost every attempt to examine the moral dimension of this crisis. Continue Reading...

10 Questions on Economics and Morality

Posted at the Center for a Just Society (notice courtesy the National Humanities Institute), Dr. Mark T. Mitchell asks a series of questions focused on the intersection between morality and economics in light of the recent financial crisis. Continue Reading...

Hearts and Minds of the Governed

If a handful of friends and I were able to bang our heads against the wall for years by speaking the truth about Communist totalitarianism while surrounded by an ocean of apathy, there is no reason why I shouldn’t go on banging my head against the wall by speaking ad nauseam, despite the condescending smiles, about responsibility and morality in the face of our present social marasmus. Continue Reading...

Saving the Free Market

The famous Austrian economist, Joseph Schumpeter, despaired for the future of the free market system. The reason for this despair was that the excess wealth of the system would create educated folks who would turn on the very system that created them. Continue Reading...

Saving Capitalism

While efforts to explain the financial crisis will continue for years (historians are still debating the causes of the Great Depression, eight decades later), it seems certain that its genesis cannot be fully understood without some recourse to the moral dimension of human action in the economy. Continue Reading...

Demonizing Deregulation

As the US-incited global financial situation continues to worsen, ever shriller assertions of blame will be cast on one culprit or another. It’s my belief that any development of this magnitude always stems from multiple and interacting causes, but that doesn’t make very good copy. Continue Reading...