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Political Economy

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June 20th, 1998, marked the fiftieth anniversary of the German "economic miracle." Of course, there was nothing miraculous about it. Germany's success was not due to the hard-working character of her people, or to...
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The national debt has surged more than half a trillion dollars in the last three weeks, as the suspension of the debt ceiling in late October has allowed the government to borrow as much as it wants. — Report in The Washington Examiner
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Economics, as practiced today, is a utilitarian and materialistic study. It is concerned with maximizing profit, with describing the actions of man as an economic being, and explaining the allegedly inevitable results of supposed economic laws. Our...
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Let us be clear on one point: the usual defenders of the free market—the Friedmans, Hayeks and Mises—are not primarily concerned with private property or liberty. They are firstly concerned with economic growth which mainly means continuous economic,...
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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...
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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...

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...
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Excerpt from Return to Order: From a Frenzied Economy to an Organic Christian Society A second element of organic society involves the manner in which remedies are found. In searching for...

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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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...

Remember when people were saying that the old Republican ideas, the venerable supply-side reforms that first made their mark in the Ronald Reagan era of the 1980s, were no longer relevant in terms of getting us out of...
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R.R. Reno,  quite an astute conservative public intellectual, claims that those with eyes to see know that the big news these days is the global victory of capitalism. I'm not following Reno in every respect...
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Wilhelm Roepke How can a German economist be called a Southerner? Obviously not geographically but in the important sense that Southern Agrarians came to understand, as a possession of...