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Adam Smith

2 731

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?...
9 1256

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...
6 2310

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 2595

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 4329

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 1901

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 1279

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 1024

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 1746

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 5768

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 1512

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 1907

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 2646

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...
2 2812

Legend has it that at the age of four, Adam Smith was kidnapped from his Scottish home by a traveling band of gypsies. A gentleman passing the gypsies on the road noticed the crying baby and alerted...