Acton Institute Powerblog Archives

Post Tagged 'morality'

Work, Leisure, and the Search for Daily Meaning

Over at AEIdeas, James Pethokoukis challenges our attitudes about work and leisure by drawing a helpful contrast between economists John Maynard Keynes and Deirdre McCloskey. First, he points to “Economic Possibilities for our Grandchildren,” in which Keynes frames our economic pursuits as a means to a leisurely end: Thus for the first time since his creation man will be faced with his real, his permanent problem-how to use his freedom from pressing economic cares, how to occupy the leisure, which science and compound interest will have won for him, to live wisely and agreeably and well. Continue Reading...

Raising Taxes without a Balanced Budget is Insane

It makes little, or really no sense for Americans to fork over more taxes without a balanced federal budget and seeing some fiscal responsibility out of Washington. The fact that the United States Senate hasn’t passed a budget in well over three years doesn’t mean we aren’t spending money, we are spending more than ever. Continue Reading...

Acton Commentary: Sacrifice and Self-Interest

In this week’s Acton Commentary, I take a look at the relationship between sacrifice and self-interest. One of the common complaints against market economies is that they foster selfishness. But as Paul Heyne points out, it is crucially important to distinguish between self-interest and selfishness: “Many of the most eminent and sophisticated theorists in the economics profession make no effort to distinguish between self-interest and selfishness or between rational behavior and greedy behavior.” The failure to make such a distinction leads to some pretty strange conclusions about the motivations behind human behavior. Continue Reading...

Rev. Sirico: One Election Cannot Fix What Ails Us

Writing for National Review Online, Rev. Robert A. Sirico offers three salient points about last night’s election: 1. Americans give signs of moving in a morally and politically more progressive direction, by which I mean that the appeal to the wisdom of past ages and tradition is simply not as compelling as it once was. Continue Reading...

ResearchLinks – 10.12.12

Panel: “Why Morality-Free Economic Theory Doesn’t Work” “Why Morality-Free Economic Theory Does Not Work: A Natural Law Perspective in the Wake of the Recent Financial Crisis.” The recent worldwide financial crisis has revealed a serious flaw in current thinking about markets and morals. Continue Reading...