How ideologues devalue and dismiss economics

Economics is often dismissed as ideological, reductionist, and mendacious. In the United States we see these criticisms increasingly from both the political left and right. This should come as no surprise as the lessons of economics have implications for the prudential decisions that make up much of our political life. Continue Reading...

Is income inequality acceptable?

In the past few weeks, democratic presidential hopefuls outlined income inequality fixes anywhere from $1,000 per month basic income to free college and single payer healthcare. While many operate on the assumption that income equality results in a fair economic system, I do not. Continue Reading...

Corruption’s consequences

Walmart agreed last month to a $282 million settlement with the Securities and Exchange Commission and the Department of Justice, resolving charges of bribing foreign officials. While company leadership committed themselves to “acting ethically everywhere we operate,” reports indicate that Walmart allowed third parties in China, Mexico, India, and Brazil to make payments to government officials. Continue Reading...

What does politics have to do with virtue?

One of the highlights of my summers working at the Acton Institute is leading discussions with our interns over major ideas, thinkers, and issues. This afternoon we had a spirited and thought provoking discussion about conservative critiques of liberalism. Continue Reading...

Sympathy as social virtue: Adam Smith’s solution for disruption

In our dynamic and disruptive economy, we see an increasing cultural anxiety about the automation and outmoding of all things, leading us to increase our focus on technical knowledge and “hard skills.” At the same time, we see increases in social isolation and declines in virtue and communal life, causing many to wonder what might be missing. Continue Reading...