The Academy’s Rage Against Capitalism

Over at Ricochet, Peter Robinson broaches the oft asked question about intellectuals and their disdain and rage against capitalism. Robinson unearthed Robert Nozick’s, “Why Do Intellectuals Oppose Capitalism?” Nozick declared, The schools, too, exhibited and thereby taught the principle of reward in accordance with (intellectual) merit. Continue Reading...

Why Do the Wicked Prosper?

Why do the wicked prosper? This plaintive query is a consistent cry from the psalmist and the prophets. As Jeremiah puts it, “Why does the way of the wicked prosper? Why do all the faithless live at ease?” Continue Reading...

The economics of Downton Abbey

The wildly-popular BBC production, “Downton Abbey” has offices buzzing on Monday mornings. Like the “Upstairs, Downstairs” of old, “Downton” provides the viewer with two distinct lifestyles in one house: that of Lord and Lady of the manor and of the staff that runs the place. Continue Reading...

A Cookie for Me, But Not for Thee

There are some amazing economic and moral lessons, related to redistribution, zeo-sum fallacies, as well as virtue and desire, embedded in this Sesame Street video: Can you think of any other ways that both Ernie and Cookie Monster might have been able to be happy instead of sad? Continue Reading...

The Idle Ents

Last week I had the pleasure of participating in the First Kuyper Seminar, “Economics, Christianity & The Crisis: Towards a New Architectonic Critique,” held at the VU University Amsterdam. I gave a paper on “The Moral Challenges of Economic Equality and Diversity,” which focused on envy as a moral challenge particularly endemic to market economies: “Since envy arises out of inequality, envy and inequality go together. Continue Reading...

Access vs. Ownership in ‘Collaborative Consumption’

New rental markets are popping up all over the place, as detailed by a recent Wall Street Journal article. The trend is beginning to drive a larger movement labeled by some as “collaborative consumption,” wherein “sharing” is pushed as a way of “reinventing old market behaviors.” Continue Reading...

Samuel Gregg: Americans’ ‘Absurd Expectations’ and the Economic Crisis

Samuel Gregg, Acton’s Director of Research and author of the book “Becoming Europe“, says one of America’s real debt dangers is our increasing sense of entitlement from the government. In today’s Investor’s Business Daily editorial, Gregg states our “insatiable appetites” are getting us into the very deep economic trouble that no one, least of all politicians, seems to want to face: …Luxembourg’s Prime Minister Jean-Claude Juncker famously lamented in 2007: “We all know what to do, but we don’t know how to get re-elected once we have done it.” Continue Reading...