Acton Institute Powerblog Archives

Post Tagged 'Social philosophy'

Black Panther has something important to offer

In this week’s Acton Commentary I examine the dynamics of marginalization and solidarity in the blockbuster phenomenon Black Panther. As so many commentators have suggested, there’s a lot to this film, and one of the important things it has to offer is a valuable perspective on the underlying unity amidst diversity in humanity. Continue Reading...

A price is a signal wrapped up in an incentive

Note: This is post #15 in a weekly video series on basic microeconomics. The price system allows for people with dispersed knowledge and information to coordinate global economic activity. The global production of roses, for example, reveals how the price system is emergent, and not the product of human design. (If you find the pace of the videos too slow, I’d recommend watching them at 1.5 Continue Reading...

New Issue of the Journal of Markets & Morality (19.1)

Our most recent issue of the Journal of Markets & Morality, vol. 19, no. 1, has now been published online and print issues are in the mail. In addition to our regular slate of articles examining the intersections between faith, freedom, markets, and morality, this issue contains a new entry in our Scholia special feature section: “Advice to a Desolate France” by Sebastian Castellio. Continue Reading...

Does Capitalism Exploit Workers?

One of the most common criticisms of capitalism is that the system exploits workers. It’s an old claim (dating back to at least Karl Marx). But is it true? Philosopher Matt Zwolinski argues that even if individual capitalists want to exploit workers the free market tends to prevent them from doing so. Continue Reading...

What Would Life Be Like Without Capitalism?

In an era where socialism is (inexplicably) once again in vogue, we should ask, “What would life be like in a world without capitalism?” The Fund for American Studies has produced a superb It’s a Wonderful Life-style video that not only shows what life would be like if we banned free enterprise (i.e., Continue Reading...