Acton Institute Powerblog Archives

Post Tagged 'ethics'

New Issue of the Journal of Markets & Morality (Vol. 22, No. 1)

The newest issue of the Journal of Markets & Morality has been published both in print and online here. Scholarly contributions range from a study of joy and labor in Ecclesiastes, virtue and vice in the American founding, whistleblowing, and the economics and ethics of education, including a Controversy debating the merits and demerits of the tenure system. Continue Reading...

New Issue of the Journal of Markets & Morality (Vol. 21, No. 1)

The newest issue of the Journal of Markets & Morality has been published online and print copies are forthcoming. This issue is a theme issue on “The Role of Religion in a Free Society,” with guest editors Richard Epstein and Mario Rizzo of New York University School of Law, and Michael McConnell of Stanford Law School. Continue Reading...

Natural law and Protestantism revisited

One of the more pervasive myths surrounding the Protestant reformations is that they represented a wholesale rupture with the moral traditions that preceded, particularly with respect to natural law. In an influential recent study, for instance, Brad S. Continue Reading...

The cramped morality of trade protectionism

“If a product is seen only as the opportunity for work, it is certain that the anxieties of protectionists are well founded.” –Frédéric Bastiat, Economic Sophisms Drawing inspiration from a 1847 essay by the inimitable Frédéric Bastiat, economist Donald Boudreaux tackles a popular argument from today’s trade protectionists: namely, “that protectionism is justified if enough consumers or voters are willing to pay higher prices in order to help workers.” The problem, of course, is that such a perspective debases the value of labor to the value of products and vice versa, ignoring the many other relationships and ripple-effects that production and trade are bound to inspire. Continue Reading...