Acton Commentary: The End of Capitalism?

Dire predictions about the “death of capitalism” reveal a deep ignorance about the nature of the current economic crisis — technical and moral. “Markets are the combined activities of millions of individuals and families,” Michael Miller writes in this week’s Acton Commentary. Continue Reading...

Acton Commentary: Cosmos and Taxis

In this weeks’ Acton Commentary, Acton Adjunct Scholar William R. Luckey adopts Hayek’s use of the Greek terms “cosmos” and “taxis” to explain why economic life is not something that can be controlled with ever more laws, regulations and quick fixes. Continue Reading...

Acton Commentary: Selfless Giving and Tempered Trading

In this season of giving, Kevin Schmiesing looks at another form of exchange — trade. He observes that ethical commercial activity “is not an exercise in selfishness, but the practice of properly ordered self-interest, which is of necessity tempered by the wants and needs of others.” Continue Reading...

Acton Commentary: Why We Give

With the approach of Christmas, we again hear calls to shun gift buying as somehow sinful and materialistic. In this week’s Acton Commentary, Rev. Robert A. Sirico explains the real reason we give so generously at this time of year and how in giving, we receive. Continue Reading...