Acton Institute Powerblog Archives

Post Tagged 'free-market'

Pope Economically Confused in Bolivia

Today at the Library of Law & Liberty, I examine Pope Francis’s recent speech in Bolivia, in which he calls for “an economy where human beings, in harmony with nature, structure the entire system of production and distribution in such a way that the abilities and needs of each individual find suitable expression in social life.” I have no objection to that, but what he seems to miss is that the very policies he criticizes all characterize those countries in the world that most closely resemble his goal. Continue Reading...

The Freedom Of Free Trade

At The Stream, Anne Bradley writes about the freedom that free trade brings. Why does free trade matter? We live in a world of scarcity: we have unlimited wants and limited means (resources) to satisfy those wants. Continue Reading...

David Brat’s Religious Virtues

In a piece today for the NYT Magazine, economics reporter Binyamin Appelbaum examines David Brat’s fusion of faith and free-market economics. Appelbaum finds that mixture problematic, to say the least, but it’s hard to sort out whether it is the religious faith or the free-market sympathies that Appelbaum finds more troubling. Continue Reading...

What Most People Get Wrong About Economics

Repurposed library card catalog I am not an economist. Truth be told, I only took one class in economics as an undergrad. However, I’ve learned a lot in the past few years, and one of the things I’ve learned is that most people don’t understand economics. Continue Reading...