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Adam Smith

5 946

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…
2 1970

I’ve not been fully sure what to “make” of Pope Francis. He is clearly a man of God with a deep love for the poor and an even deeper personal humility. But how is one to respond to his pronouncements on economic and environmental issues?...
10 2544

Economics is not a stand-alone science, as disciples of the Enlightenment claim, but a branch of philosophy. In short, economics is one of the liberal arts... My recent essay seeking an adequate definition...
7 4801

Because of the strong secular faith instilled in us by education, most of us trust that science and technology, democracy, and capitalism, the three legs of Modernity, can bring about only good ends and fail to see that these three triumphs of humankind can diminish the human...
0 4431

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...
2 5426

Whereas Adam Smith had warned that government must intervene in the economy from time to time, Edmund Burke believed any interference in the economy on the part of government to be a violation of the natural law...
10 3465

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,...
3 1971

When Edmund Burke surveyed the names of those leading the French Revolution in its first half year of existence in 1789, he despaired. Several were certainly good men, he noted, and many were quite accomplished. Yet, not...
0 1951

Within his general view of man as naturally social, John Adams explored the nature of the passion for distinction. To speak of man as gregarious is merely to identify a human inclination to "go in flocks or herds,...
0 2369

The art of war... as it is certainly the noblest of all arts, so in the progress of improvement it necessarily becomes one of the most complicated among them. The state of the mechanical, as well...
0 6937

James R. Otteson, the Thomas W. Smith Presidential Chair in Business Ethics at Wake Forest University, possesses one of the greatest minds in defense of classical liberalism in the modern era. He has authored two definitive works on...
0 2089

I have been reminiscing a lot lately, probably a sign of my age. But I recently came to recall an episode in my earlier life before I returned to St. John’s College as...
1 2691

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...
7 4731

I swore never to read again after 'To Kill A Mockingbird' gave me no useful advice on killing mockingbirds. — Homer J. Simpson I’ve sometimes been surprised by how few ordinary Americans read important books—even texts that underpin...