Acton Institute Powerblog Archives

Post Tagged 'markets'

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...

Christians should support markets and churches, NOT social democracy

David Schelhaas, Professor Emeritus of English at Dordt College, recently published an article titled “What Does Social Democrat Mean?” Schelhaas suggests that “Christians should seriously consider the merits of social democracy.” Schelhaas is quick to point out that he does not advocate socialism, with state control and management of the means of production, coupled with the redistribution of wealth. Continue Reading...

New Issue of the Journal of Markets & Morality (19.1)

Our most recent issue of the Journal of Markets & Morality, vol. 19, no. 1, has now been published online and print issues are in the mail. In addition to our regular slate of articles examining the intersections between faith, freedom, markets, and morality, this issue contains a new entry in our Scholia special feature section: “Advice to a Desolate France” by Sebastian Castellio. Continue Reading...

New Issue of the Journal of Markets & Morality (16.2)

The most recent issue of the Journal of Markets & Morality, vol. 16, no. 2, has been published online at our website (here). This issue’s articles explore a range of subjects from biblical understandings of poverty, Islamic scripture, John Locke, the ills of apathy, an Eastern Orthodox view of the family and social justice, and much more. Continue Reading...

Calvin Coolidge and the Power of Connectedness

In the latest episode of Uncommon Knowledge, Peter Robinson interviews Amity Shlaes, author of the new biography, Coolidge. Read Ray Nothstine’s review here. In the book, Shlaes makes an explicit connection between Coolidge’s rough-and-humble upbringing in Plymouth Notch, VA, and his bootstraps optimism about commerce and markets. Continue Reading...

The Reason Markets Fix Mistakes

Pro-market advocates often talk about how markets are self-correcting. But why do businesses in free markets fix their own mistakes? Because if they don’t, customers and other stakeholders will punish them: Lululemon, which produces yoga and other athletic apparel, provoked outrage from its devoted customer base when it released a flawed product earlier this year: see-through yoga pants. Continue Reading...

Why People Prefer Government to Markets

People do not love markets,” says Pascal Boyer of the International Cognition & Culture Institute, “there is a lot of evidence for that.” Sadly, Boyer is right and I suspect he’s right about the cause too: People do not like markets because people seem not to understand much about market economics. Continue Reading...