Economics

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The Moral Foundations of Civil Society by Wilhelm Roepke, with a new introduction by William F. Campbell. The Social Crisis of Our Time by Wilhelm Roepke, with a foreword by Russell Kirk and an introduction by William F. Campbell.

One does not hear much about the “flat tax” any longer. The idea lost its steam when people pointed out that, in order for it to significantly lower most people’s effective tax rate, it would have to...
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The concept of "substitution" is a familiar one in economics. Many products are used as substitutes for others such as margarine for butter and tea for coffee. If the price of one becomes too high the other...
Wilhelm Roepke
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Some writers link the names of Ludwig von Mises and Wilhelm Roepke as if there were no important differences between them. Roepke is co-opted into the camp of more or less libertarian thinkers whose position is further enhanced by...

Recently, I numbered among the twenty-some self-styled conservatives, organized by Steve Lonegan, who gathered at the headquarters of the Federal Reserve to meet with Chair Janet Yellen and governor Lael Brainard. (Steve is Director of Monetary Policy...

The good intentions of the UN Universal Declaration of Human Rights took place in stages. Drafted in large measure as a response to the horrors of World War II and in the face of the continuing horrors...
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There is an impatient restlessness inside our globalized economy that is constantly tearing down and building anew. This particular aspect of the economy is like an unstoppable machine that runs over all obstacles. To resist is considered...
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How often can writers pretend to discover some well-known thing for “the first time ever?” With poor Adam Smith it has happened...
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You see one every day on the streets of Kathmandu, what a friend calls D3 meaning the Daily Dead Dog. Stiller and flatter than before, sometimes the canine corpses are hauled away by the city, at other...
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It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from a historical episode, the political class...
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President Obama has spent much of his time and effort “fighting economic inequality” since before his presidency began. Tax policies, spending programs, and rhetoric have combined over the past six years in particular to form a veritable War...

Former Federal Reserve Chair Alan Greenspan is on a gold roll. In September, Greenspan published a thought piece in Foreign Affairs musing on the indubitable monetary qualities of gold. “If, in the words of British economist John Maynard...

Every nation has its “founding myth,” as we are apt to hear from post-modern quarters. But is this ever true when it comes to our economic history. In curricula from K-12 to history graduate school, it is staple...