Acton Institute Powerblog Archives

Post Tagged 'society'

Commerce and War: Poles Apart

Make trade, not war? In an excerpt from his new book “The Commercial Society,” Sam Gregg examines the long held view that nations engaged in trade are less likely to wage war. Continue Reading...

The Minimum Wage: A Denial of Freedom and Duty

In this week’s Acton Commentary, “The Minimum Wage: A Denial of Freedom and Duty,” I look at the concept of minimum wage legislation from the perspective of the employer/employee relationship. In his second epistle to the Thessalonians, the apostle Paul sets down a moral principle: “If a man will not work, he shall not eat.” But Paul’s words seem also to imply the opposite positive principle, something like, “If you will work, you should eat.” Even so, I argue, it does not follow that the government should be the guarantor of this reality. Continue Reading...

‘Captialism’ According to the Academy

For a quick overview of the current state of appreciation for economics and capitalism among various ‘academics,’ see the newly inaugurated e-journal Fast Capitalism. It might as well be subtitled: Marxism, Alive and Well. Continue Reading...

A Catholic Alternative to Europe’s ‘Third Way’

Proponents of social democracies claim that a large role for the state is important in tempering the profit motive of capitalism and creating a more humane and cultured state. Free markets, they argue, result in an inhumane and disintegrated society, while the social democracy models of Europe protect the weak and create social cohesion. Continue Reading...