Economics and Social Problems

January 23, 2020

Alexandria Ocasio-Cortez’s crass Marxist materialism

During a Martin Luther King Day discussion with the writer Ta-Nehisi Coates, Representative Alexandria Ocasio-Cortez, D-N.Y., made clear that she is not just a democratic socialist but a Marxian one. Evie Fordham of Fox Business has written a helpful summary of the remarks, including Ocasio-Cortez’s concise explanation of the Marxist theory of the exploitation of labor: “No one ever makes a billion dollars. Continue Reading...

January 21, 2020

Bernie Sanders tweets a recipe for exacerbating the housing crisis

Note: An expanded version of this post was released as this week’s Acton Commentary. This week, Democratic presidential hopeful Senator Bernie Sanders, I-VT, tweeted the following reaction to a story from The Economist describing rising American rent payments: This is a crisis. Continue Reading...

January 20, 2020

Donald Boudreaux on why Oren Cass’s comparative advantage is not discussing comparative advantage

Last week I wrote about the basic economic illiteracy behind of Oren Cass’s case for industrial policy. So basic were the mistakes that I thought perhaps I had misread Cass’s argument. Continue Reading...

January 15, 2020

If government can dream it, can it do it?

Oren Cass, author of The Once and Future Worker: A Vision for the Renewal of Work in America, has written a deeply confused response to Samuel Gregg’s essay ‘How Economic Nationalism Hurts Nations.’ Continue Reading...

January 13, 2020

Hayek, Catholic social teaching, and social justice

Last week David Deaval, Visiting Professor at the University of St. Thomas and 2013 Novak Award winner, wrote a very thoughtful essay on Fredrich Hayek, the question of social justice, and Catholic social teaching at the Imaginative Conservative. Continue Reading...

January 08, 2020

Tyler Cowen’s “State Capacity Libertarianism”: A Straussian Reading

On a recent episode of the excellent podcast Conversations with Tyler the economist Tyler Cowen reflected on the direction his and co-author Alex Tabarrok’s blog Marginal Revolution has taken over the last ten years: [I]n 2009 I was still experimenting in some fresh way with blogging as a new medium and what it meant. Continue Reading...

December 11, 2019

Wilhelm Röpke on liberalism and Catholic social teaching

This week’s Acton Commentary, adapted from my preface to the newest Acton Institute publication The Humane Economist: A Wilhelm Röpke Reader, illustrates what makes Röpke such an interesting and vital economist: Röpke saw his project in holistic terms involving intersecting and interdependent spheres or orden that to be fully appreciated and understood scientifically must be examined in their economic, social, and moral dimensions. Continue Reading...

December 04, 2019

Catholic social teaching is for all of life

Senator Marco Rubio’s interest in Catholic social teaching is exciting even if confused in its economic analysis and public policy recommendations. On the Acton Line Podcast released today I discuss with Fr. Continue Reading...

November 27, 2019

Marco Rubio’s ‘Common-Good Capitalism’ lacks sound economics

In this week’s Acton Commentary I examine Sen. Marco Rubio’s case for “Common-Good Capitalism”: Americans are searching for answers for the disintegration of the family, falling participation in religious and civic institutions, drug dependency, suicide, and economic dislocation. Continue Reading...

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