Discussing “Capitalism”

By |2018-12-16T23:13:04-05:00December 16th, 2018|Categories: Capitalism, Economics, Free Markets, Free Trade, Government, Joseph Pearce, Political Economy, Senior Contributors|

Speaking personally, I’d rather discuss many things during this joyful season of Advent than “capitalism.” And yet Matthew Summers’ recent essay “In Defense of Capitalism” for The Imaginative Conservative has prompted me to comment on the topic, albeit briefly. […]

The Best Possible World and Concrete Living

By |2018-12-14T00:37:06-05:00December 11th, 2018|Categories: Adam Smith, Capitalism, Free Markets, George Stanciu, Politics|

I found Matthew Summers’ critique of my essay “Capitalism and the Gospel of Love” illuminating in the sense that two serious thinkers can look at the same phenomenon from completely different viewpoints. He seeks to show that capitalism is the best economic system; given capitalism, I seek to understand how to live best; he focuses [...]

In Defense of Capitalism

By |2018-12-16T23:14:07-05:00December 2nd, 2018|Categories: Adam Smith, Capitalism, Economic History, Economics, Free Markets, Ludwig von Mises|

The term capitalism has long been used by critics as a catch-all to denote a system replete with greed, indulgence, excess, and deprivation. It is easy to misinterpret self-interest as selfishness and write off capitalism and economics. But the truth of the matter is much more complicated… I find myself still scratching my head over George [...]

All Work & No Play: How Schools Are Crushing Our Kids

By |2018-11-28T01:09:26-05:00November 27th, 2018|Categories: Culture, Education, Free Markets, Liberal Arts, Liberal Learning|

We’re filling up so much of kids’ time with extracurriculars and studying that they don’t have time to play—and without play, it’s harder to develop the self-starter instincts and resilience of an entrepreneur… This election cycle, liberal Democrats are rallying around the idea of socialized higher education. Democratic socialist firebrand Alexandria Ocasio-Cortez is leading [...]

How the Myth of the ‘Robber Barons’ Began––and Why It Persists

By |2018-11-07T20:40:48-05:00November 7th, 2018|Categories: Books, Capitalism, Communism, Economic History, Economics, Free Markets|

Capitalism Worked, But We Were Told It Didn’t We study history to learn from it. If we can discover what worked and what didn’t work, we can use this knowledge wisely to create a better future. Studying the triumph of American industry, for example, is important because it is the story of how the [...]

Economists Must Answer for More than Just Economics

By |2018-09-11T11:58:41-05:00September 11th, 2018|Categories: Books, Capitalism, Conservatism, Culture, Economic History, Economics, Free Markets, Wilhelm Roepke|

Romanticizing and moralistic contempt of the economy, including contempt of the impulses which move the market economy and the institutions which support it, must be as far from our minds as economism, materialism, and utilitarianism... Editor's Note: The following excerpt comes from Wilhelm Röpke's excellent book, A Humane Economy: The Social Framework of the Free Market, first published [...]

Capitalism and the Gospel of Love

By |2018-08-15T11:44:18-05:00August 14th, 2018|Categories: Adam Smith, American Republic, Capitalism, Economics, Free Markets, Love, Modernity|

In The Wealth of Nations, Adam Smith was absolutely right: The widespread division of labor would cause the interior life to die; an unsurprising result, for under capitalism, the human person became a commodity, a resource, a thing used to further profits… My parents, Romanian gypsies, born in a Transylvanian village and raised in [...]

Distributism vs. Free Market Globalism

By |2018-07-29T23:19:41-05:00July 29th, 2018|Categories: Capitalism, Distributism, Economics, Free Markets, Joseph Pearce|

The whole notion of a global problem requiring a global solution is rooted in a false logic. Effectively it is saying that because bigness causes problems we need even more bigness to solve them. Distributism as a derivative of the principle of subsidiarity offers the only real alternative to the cult of bigness in [...]

Small Beer: Raising a Glass for Freedom

By |2018-02-08T21:59:23-05:00February 8th, 2018|Categories: Conservatism, Culture, Distributism, Economics, Free Markets, Freedom, Joseph Pearce|

Distributism is the only practical solution to the problem of rampant corporatism and the globalism which is its inevitable consequence. Next time we raise a glass of craft-brewed ale, we should not merely enjoy its flavor, we should also raise a toast to the political and economic freedom that it represents… Some time ago [...]

Thomas Jefferson in His Own Words

By |2018-09-23T10:11:31-05:00December 18th, 2017|Categories: American Founding, American Republic, Audio/Video, Conservatism, Declaration of Independence, Featured, Free Markets, Freedom, Thomas Jefferson|

Editor’s Note: We invite you to join Thomas Jefferson (portrayed by Bill Barker) as he explores the remarkable history of the early American Republic and the principles that undergird it. From Jamestown to Plymouth, from the American Revolution to the Louisiana Purchase, the promise of free enterprise has driven the course of human history [...]

A Disaster Has No Benefits

By |2017-09-15T10:07:06-05:00September 14th, 2017|Categories: Capitalism, Economics, Free Markets, Government|

Destruction is always a net negative. Whether it’s a hurricane, tornado or earthquake or even a war, there is no silver lining in destroying capital... As Hurricane Harvey, now tropical storm Harvey, makes its way across the southern U.S., estimates have already come in as to the cost of the storm. According to AccuWeather, Harvey is expected [...]

Remembering The Road to Serfdom

By |2019-02-14T12:44:55-05:00May 11th, 2017|Categories: Bradley J. Birzer, Economics, Free Markets, Friedrich Hayek, History, World War II|

Friedrich Hayek believed that the very institutions of liberalism and republicanism, when misused, can foster the totalitarianism of democracy… The Road to Serfdom by F.A. Hayek (University of Chicago Press, 1944) Professor Friedrich August von Hayek (1899-1992) wrote The Road to Serfdom while a professor at the London School of Economics as the allied [...]

The Counsel of Despair? Albert J. Nock on Self-Government

By |2018-10-06T16:35:44-05:00September 22nd, 2016|Categories: Economics, Featured, Free Markets, Libertarianism|Tags: |

In Zen Buddhism, the lineage of student to master is extremely important—it is the channel through which the Dharma is transmitted. There is a story of a Zen Master traveling at night over a bridge known to be haunted by a goryo shin—an angry ghost. When the ghost appeared, the Zen master unfurled his [...]