Acton Institute Powerblog Archives

Post Tagged 'virtue'

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...

Radio Free Acton: Jim McGann on the world of think tanks; Upstream on Spiderman: Homecoming

This week on Radio Free Acton, we talk with Jim McGann (senior lecturer of International Studies at the Lauder Institute, director of the Think Tanks and Civil Societies Program and senior fellow, Fels Institute of Government at the University of Pennsylvania) about the world of think tanks – what they are, what they do well, and where they can improve their effectiveness. Continue Reading...

Fusionism and Western Civ

Pope Leo XIII, writing in the midst of social crisis at the end of the nineteenth century, wisely observed: “When a society is perishing, the wholesome advice to give to those who would restore it is to call it to the principles from which it sprang.” For the American experiment in ordered liberty, this means in large part going back to the Anglo-American tradition represented by Adam Smith and Edmund Burke. Continue Reading...