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...

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...

Sir Roger Scruton on Wilhelm Röpke’s ‘Humane Economy’

This week, we received news of the unfortunate loss of Sir Roger Scruton, who passed away from cancer at age 75. As Rev. Ben Johnson wrote, Scruton was a “noted philosopher, expert on aesthetics, and intellectual architect of modern conservatism,” recently described by Prime Minister Boris Johnson as “the greatest modern conservative thinker.” Continue Reading...

The NHS: The god that failed

In 1949, half-a-dozen ex-Communists wrote a book about their former faith, dubbing socialism The God that Failed. As the UK’s revered National Health Service enters its worst spiral on record, it seems to have earned that title. Continue Reading...

Gertrude Himmelfarb: Teacher of the Free and Virtuous Society

Since the passing of Gertrude Himmelfarb I have been reflecting on just how much she taught me through her voluminous historical scholarship. In this week’s Acton Line Podcast I interviewed Yuval Levin, Resident Scholar and Director of Social, Cultural, and Constitutional Studies at AEI, who was also her student. Continue Reading...