Economics

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As any old newspaperman can tell you, crafting headlines is a rare skill quite distinct from ordinary good writing. A New York Post example, "Headless Body in Topless Bar," is a work of art. Or when rural American...

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...
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Marek Belka, President of the National Bank of Poland It is written in Matthew: “Therefore keep watch, because you do not know the day or the hour.” On June 5th of this year, I...
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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...

That a French socialist economist is trashing the American economy for fomenting inequality should hardly be news. But Thomas Piketty is enjoying some moments in the popular press, before returning to the usual comfortable sinecure for the...
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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...
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Catholic Answers’ indefatigable Jimmy Akin recently defended Pope Francis against charges of Marxism leveled by the likes of the irrepressible Rush Limbaugh. In a word, Pope Francis is not a Marxist: on that score, Akin is...

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...