The science of economics has undoubtedly come a long way since the days of Adam Smith, but economic discussions today can often seem downright strange, if not misleading. One case in point is the focus on the concept of utility, as one prominent economic blog recently did—with far-reaching . . . . Continue Reading »
Donald Trump ascribing responsibility for his first two failed marriages to working “like, twenty-two hours a day” brought to mind Adam Smith’s invocation of the “invisible hand” in his 1759 work, The Theory of Moral Sentiments. There, the invisible hand is not quite the same general . . . . Continue Reading »
At the Crossroads” was ostensibly a conservative gathering in Austin to discuss energy and “so-called global warming” as Senator Ted Cruz put it, but at its core was a celebration of cornucopianism. That progressive philosophy sees an ever improving world flowing from the mind of man and the . . . . Continue Reading »
In the eighteenth century, a host of thinkers began to use the compound term “political economy” to refer to the traditional subject matter of politics. Both parts are needed to express the complex social system necessary to human liberty and flourishing. For human liberty and human flourishing . . . . Continue Reading »
Entrepreneurs, or an entrepreneurial people? Continue Reading »
One recent day at the Baltimore clinic where I care for the homeless, I spoke with a patient about the death of Freddie Gray. He prefaced his thoughts—as many people do when they discuss police brutality—with the caveat that there are good police officers, those who honor the law as they work diligently to enforce it in neighborhoods like Sandtown-Winchester, where Gray was injured. He then showed me scars on his body from his encounters with the police over the years— some of which had occurred after he was already in custody. He described how officers would raid his home and take half of his drugs and his money, then charge and arrest him for the remainder. “They’re a necessary evil,” he said. “If they weren’t out there, it would be total chaos.” Continue Reading »
Someone from the international aid and development industry has some explaining to do. In an analysis of financial data from the decade ending in 2010, The Economist lists the world’s most populous nation, and six African nations whose total fertility rate is among the highest in the world, as being among the ten fastest growing economies. By 2015, according to IMF data, this elite list will include the two most populous nations and seven from Africa. Continue Reading »
Recently I was invited to give a lecture on libertarianism at a prestigious Christian college. The large lecture hall was packed with bright-eyed, wholesome-looking Christian students, a number of whom lingered afterward to press their case for . . . libertarianism.Only ten years ago, this scene . . . . Continue Reading »
See, judge, act.” Such has been the method by which modern Catholic social teaching has urged Catholics to approach the political and economic challenges of our time. First and foremost, the “seeing” involves looking with the eyes of Christ rather than through the prism of our own ideology. . . . . Continue Reading »
Conservatives have a chance to make the country more productive and work-friendly. But they can also throw this chance away by marinating in a politics of high-earner self-interest that ignores or openly resents the rest of the population—which wouldn’t be anything new for them. Continue Reading »
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