Acton Institute Powerblog Archives

Post Tagged 'The Spirit of Democratic Capitalism'

The Intellectual Exploration Of Michael Novak

It is no stretch to say that Michael Novak is a towering figure in 20th century Catholic social thought. His 1982 seminal work, The Spirit of Democratic Capitalism, influenced thinkers in the U.S., Latin America and Soviet-controlled countries. 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...