Economics

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Americans have long mistrusted great power, which they regard as the enemy of freedom. They have not been as consistent in their mistrust of great wealth. This discrepancy, born alike of innocence and ambition, has provided...
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When Ronald Reagan was elected president in 1980, he promised to undo as much of the remaining New Deal legislation as it was possible to eliminate. By then, the constituencies that had supported Franklin Roosevelt during the...
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Bill Gates Bill Gates is largely a conventional thinker, but he’s still willing to challenge the conventional wisdom from time to time. In his annual letter, released in January, Bill challenges what he calls...
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President Obama has been a strong supporter of programs designed to help families pay for a college education, most notably through the Pell Grant and the Opportunity Tax Credit. However, in the summer of 2013, President Obama...
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Corporate scandals over the last two decades, followed by the crash of the economy in 2008, have brought about widespread skepticism toward America’s corporate leaders. Almost daily there are calls for new legal and regulatory reforms directed at...

The financial crisis and lingering economic malaise have resulted in an extended debate as to the proper sphere of markets and government in society. Unsurprisingly, a large number of social critics have ignored the degree of government intervention...

During World War II, philosopher Arthur Lovejoy tried to explain the reasons for the international crisis and the totalitarianism in Germany. According to his view, the roots of the trouble could be found in the German Romantic...
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We begin with the proposition that capitalism is not chiefly an incentive system but an information system. We continue with the recognition, explained by the most powerful science of the epoch, that information itself is best defined as...
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The bedrock principle of all Liberalism, whether of the Right or the Left, is Locke’s assertion that “every man has a Property in his own Person.” It is from this principle that Murray Rothbard can...
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The theological dimension is needed both for interpreting and solving present-day problems in human society. - John Paul II, Centesimus Annus, 55 God Himself is a society. - G.K. Chesterton, Orthodoxy, Ch. 8 First...
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Chapter Three in The Young Man's Guide to Building a House The words love and economy rarely find their ways into the same sentence. Economics has been called the dismal science but people write songs about love....
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The poor, Jesus famously said, will always be with us. Jesus’ followers have often been accused of misusing these words of their Master as an excuse to ignore the systemic causes of poverty. Christians, the charge...
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In educating for democracy, we must also educate for economy. This follows from the fundamen­tal truth that government and economy have an indivisi­ble relationship. We are not free to mix any form of government with any economic...

Dr. James Otteson In the world of ideas, things can move rapidly. On August 19, 2013, one of the single best minds of our era, James R. Otteson II, announced his move to...