Acton Institute Powerblog Archives

Post Tagged 'Social philosophy'

A price is a signal wrapped up in an incentive

Note: This is post #15 in a weekly video series on basic microeconomics. The price system allows for people with dispersed knowledge and information to coordinate global economic activity. The global production of roses, for example, reveals how the price system is emergent, and not the product of human design. Continue Reading...

Video: William B. Allen on the Common Foundation of Christianity and Modern Politics

On Thursday, June 16th, it was a great pleasure to welcome William B. Allen – Emeritus Professor of Political Philosophy and Emeritus Dean of James Madison College at Michigan State University – as a plenary speaker at Acton University 2016, to deliver an address entitled “A Moral Surprise: The Common Foundation of Christianity and Modern Politics.” Allen used his address to argue that true political freedom requires freedom of conscience as its foundation – a freedom of conscience that cannot itself be the product of political freedom, but is rather a divinely ordained gift. 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...

Does Capitalism Exploit Workers?

One of the most common criticisms of capitalism is that the system exploits workers. It’s an old claim (dating back to at least Karl Marx). But is it true? Philosopher Matt Zwolinski argues that even if individual capitalists want to exploit workers the free market tends to prevent them from doing so. Continue Reading...

What Would Life Be Like Without Capitalism?

In an era where socialism is (inexplicably) once again in vogue, we should ask, “What would life be like in a world without capitalism?” The Fund for American Studies has produced a superb It’s a Wonderful Life-style video that not only shows what life would be like if we banned free enterprise (i.e., a lot like Soviet Russia) but also makes the point that when you lose economic freedom you lose other freedoms too. Continue Reading...

What Christians (Should) Mean When We Talk About Conscience

A new Pew Research survey finds that the majority of American Catholics  (73 percent) say they rely “a great deal” on their own conscience when facing difficult moral problems. Conscience was turned to more often than the three other sources — Catholic Church’s teachings (21 percent), the Bible (15 percent) or the pope (11 percent) — combined. Continue Reading...

Ten Quotes from economist Walter E. Williams

On this day in 1936, Walter E. Williams was born in the city of Philadelphia. The George Mason University economist is famous for his classical liberal views, often arguing that free market capitalism is not only the most moral economic system known to mankind, but it allows for the creation of the most wealth and prosperity. Continue Reading...