What is the “Invisible Hand”?

By |2017-01-12T20:50:03-06:00January 12th, 2017|Categories: Adam Smith, Capitalism, Economics|

Observers who disapprove of others’ exchanges too often want to substitute the visible fist of the state for the invisible hand of the market… “As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce [...]

Can the Humanities Contribute Anything to the Modern World?

By |2019-07-23T11:43:57-05:00November 29th, 2016|Categories: Capitalism, Culture, Featured, Humanities, Liberal Learning, Modernity, Technology, Wyoming Catholic College|

There seems to be very little cultural space for humanistic studies. It is difficult to perceive how literature, philosophy, or theology could contribute to technological capitalism… I would like you to imagine the following situation: Sometime after graduation a college student is hired as an intern at his university’s newly founded Center for Leadership [...]

The Christian Case for Global Capitalism

By |2019-08-06T17:19:11-05:00October 3rd, 2016|Categories: Adam Smith, Capitalism, Christianity, Economics|

Should Christians support capitalism? Surely yes, if only because capitalism deserves most of the credit for the decline of extreme poverty in the world, from about one-third of the world’s population a generation ago, to about one-tenth today, using World Bank definitions of poverty. But capitalism has its moral dangers, one of which is [...]

Could Adam Smith Have Loved Distributism?

By |2020-07-16T16:51:36-05:00April 24th, 2016|Categories: Adam Smith, Capitalism, Distributism, Economics, Social Order|

There are several areas in which distributists and free-market economists can find common ground, and even common ends. Both share a desire for more widespread ownership of the means of production, and a desire for a less powerful centralized state. With this essay, I am venturing into unfamiliar territory. My previous essays featured in this [...]

Coffee, Capitalism, and Choice

By |2020-05-20T16:32:46-05:00January 23rd, 2016|Categories: Capitalism, Economics, Free Markets, Joseph Pearce|

Too many people have a naïve belief in the freedom of the market. Big companies like Starbucks do not compete fairly with their smaller rivals but seek to eradicate them. There’s nothing like starting the New Year with a new controversy. My recent essay, “Finding Freedom in Your Pocket,” prompted a scathing response from [...]

Why American Capitalism is Successful

By |2015-09-08T11:18:24-05:00September 8th, 2015|Categories: Capitalism, Free Trade|

  “There are significant differences between the American and European version of capitalism. The American traditionally emphasizes the need for limited government, light regulations, low taxes and maximum labour-market flexibility. Its success has been shown above all in the ability to create new jobs, in which it is consistently more successful than Europe.”  — [...]

Was Adam Smith a Man of Letters?

By |2015-07-27T10:22:37-05:00July 17th, 2015|Categories: Adam Smith, Capitalism, Economic History, Economics, Featured|Tags: |

In the “Overture” to his grandly symphonic The Enlightenment: An Interpretation, Peter Gay describes the “international type” of the philosophe as a “facile, articulate, doctrinaire, sociable, secular man of letters.” On this definition, was Adam Smith a philosophe? Yes and no. Unlike his French counterparts, and even his bosom friend David Hume, he led [...]

Don’t Make Me Love My Work!

By |2019-09-02T10:01:01-05:00June 18th, 2015|Categories: Capitalism, Economics, Featured, Labor/Work, Peter A. Lawler, Steve Jobs|

Silicon Valley Miya Tokumitsu writes* with incisive elegance about our altogether elitist and self-indulgent view that our experts have these days about the relationship between love and work. That view, of course, originates mainly from Silicon Valley: Your great work, which you love, is so creative and productive that it makes you fabulously rich, [...]

The Ideologies of Capitalism and Socialism

By |2020-06-10T00:17:22-05:00April 19th, 2015|Categories: Capitalism, Conservatism, Economics, Essential, Featured, RAK, Russell Kirk, Socialism|

What defenders of the permanent things should seek is not a league with some set of old-fangled or new-fangled ideologues, but the politics of prudence, enlivened by imagination. “Capitalism” and “socialism” both are 19th century ideological tags; they delude and ensnare, as do all ideologies. Zealots for “democratic capitalism” seem to have forgotten that [...]

Who Owns America?

By |2020-03-11T11:37:59-05:00August 19th, 2014|Categories: American Republic, Capitalism, Constitution, Featured|

Decentralists of the ’30s had a clear-eyed focus on the grip of the giant corporations over our political economy, whose antagonism to our sense of individual and community freedom and fair access to justice is so palpable today. There was a time in the Depression of the 1930s when conservative thought sprang from the [...]

We Need A National Literature Lampooning Government

By |2016-06-29T15:39:14-05:00June 22nd, 2014|Categories: Brian Domitrovic, Capitalism, Economics, Literature, Politics|

Knut Hamsun The modern market economy has never lacked for its literary expositors. From the time the industrial revolution (a term coined in the 1820s in France) first gained notice as a major and permanent development, litterateurs have given it the treatment. From Balzac’s dissection of the new class system of 19th-century [...]

The Angel in the Machine: Will Robots Ever Be Like Us?

By |2014-05-12T06:48:50-05:00May 9th, 2014|Categories: Capitalism, Culture, John Locke, Libertarianism, Peter A. Lawler, Technology|

Libertarian futurists such as Tyler Cowen and Brink Lindsey sometimes write as if the point of all our remarkable techno-progress—the victory of capitalism in the form of the creative power of “human capital”—is some combination of the emancipatory hippie spirit of the 1960s with the liberty in the service of individual productivity of Reagan’s [...]

Property and Power

By |2020-11-22T05:26:29-06:00March 7th, 2014|Categories: Capitalism, Economics, Featured, Mark Malvasi|

Most Americans today, as has been the case for the past 150 years or so, are neither economically nor politically free. They are, instead, servile, prime subjects for abuse and manipulation, because most depend on a wage or a salary. Americans have long mistrusted great power, which they regard as the enemy of freedom. [...]

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