Acton Institute Powerblog Archives

Post Tagged 'virtue'

The perfect lap

In this week’s Acton Commentary, I take a look at Ford v Ferrari, the new feature film that captures the story (it’s a true thrill ride) animating the 1966 24 Hours of Le Mans. Continue Reading...

Adam Smith and a life well-lived

Over at Law & Liberty I had the pleasure of reviewing Ryan Patrick Hanley’s new book, Our Great Purpose: Adam Smith on Living a Better Life. I highly recommend it: Ryan Patrick Hanley’s latest book offers an accessible, erudite, and concise introduction to Adam Smith in full, the moral philosopher of wisdom and prudence. Continue Reading...

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...

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...