Why culture matters for the economy

This article first appeared on February 24, 2020, in Law & Liberty, a project of Liberty Fund, Inc., and was republished with permission.   In many peoples’ minds, economics and economists remain locked in a world of homo economicus—the ultimate pleasure-calculator who seeks only to maximize personal satisfaction from the consumption of goods and services and whose occasional displays of seemingly altruistic behavior really only function as a means of self-satisfaction. Continue Reading...

Three books to help you think like an economist

Everyone knows that there is a difference between knowing about something and knowing how to do something. The first is a superficial way of knowing, not a bad way to begin, but it is no substitute for the mastery which comes by integrating knowledge into experience. Continue Reading...

How reason and faith complement each other

Faith and reason are mutually reinforcing. When faith and reason are combined, faith is kept from metastasizing into irrationality and reason is kept from becoming overly materialistic. The combination of faith and reason is the foundation of Western Civilization. Continue Reading...

Lord Acton on true liberalism

Early last month there was a great debate over the question “What is Liberalism?” on the Free Thoughts Podcast. The debate was between Helena Rosenblatt, professor of history at City University of New York and Daniel Klein, professor of economics at George Mason University. Continue Reading...

A ‘one-stop shop’ for natural law theory

Over at the University Bookman, W. Bradford Littlejohn reviews Niels Hemmingsen’s On the Law of Nature: A Demonstrative Method, recently published by CLP Academic. Littlejohn describes this surprising sixteenth century treatise as “a concise one-stop shop summary of Aristotelian-Thomistic epistemology, philosophy of action, and natural law theory.” Continue Reading...