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Picture of Samuel Gregg

Samuel Gregg

Samuel Gregg is the Friedrich Hayek Chair in Economics and Economic History at the American Institute for Economic Research, and the author, most recently, of The Next American Economy: Nation, State, and Markets in an Uncertain World (2022).

Public Discourse

John Locke and the Inadequacies of Social Contract Theory

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John Locke is an illustration of how social contract theory distorts sound political reasoning.
Public Discourse

Social Contracts, Human Flourishing, and the Economy

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Our current economic debates underscore the case for an approach to political economy that rejects social contract theory and embraces a robust conception of human flourishing.
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Business vs. the Market

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Public employee unions aren’t the only seekers of government largesse.
Public Discourse

Risk, Uncertainty, and Rule of Law

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An uncertain legal landscape puts future prosperity at risk.
Public Discourse

Socialism and Solidarity

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It is at our own peril that we ignore the nexus between moral convictions, the institutions in which they are realized, and our economic culture.
Public Discourse

Fiat Money and Public Debt

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The government’s ability to print money at will is a nearly unquestioned feature of today’s economic order, but recent crises have highlighted its hazards.
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The Gold Standard: A Principled Case

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In charting our future monetary policies, we should remember the trade-offs of competing alternatives.
Public Discourse

Fatal Attraction: Democracy and the Welfare State

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Expansive and expensive welfare programs have brought European social democracies to the verge of catastrophe. Now the dynamics of democracy may be an impediment to economic reform.
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Europe’s Monetary Sins

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The bailout of Greece is a stunning about-face that calls into question Europe’s commitment to a stable currency.
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Beyond Sovereignty: Money and its Future

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Is it time to consider internationalizing or privatizing our money supply?
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Economic Liberalism and its Discontents

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If we are to restore confidence in free markets, we need a robust explanation of their moral value.
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Free Trade, Utility, and the Good

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Economists and other social scientists should take into account the integral flourishing of human beings and not just material utility. After doing so, defense of free trade becomes more—not less—important.
Public Discourse

Free Trade as Prosperity, Free Trade as Human Right

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Free trade is not only good economic policy, it is a human right that should not be restricted lightly.
Public Discourse

Rethinking Economics in the Post-Crisis World

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In the wake of the financial crisis, we need an economics with greater humility about its predictive power and an increased understanding of the complicated human beings who, when the discipline is rightly understood, lie at its center.
Public Discourse

Whither Central Banking?

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At a moment of increased government involvement in the economy, the solution we need might be a more independent central bank.
Public Discourse

Government Mortgage Relief: Economically Flawed and Morally Dubious

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Homeownership has long been part of the American Dream, but current government plans to keep more people in their homes reflect the influence of failed economic policies from the past and may encourage more risky decision making in the future.
Public Discourse

Risky Business: Keynes, Moral Hazard, and the Economic Crisis

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If governments do not take moral hazard seriously, their response to the present recession may sow the seeds of a future economic crisis.
Public Discourse

No More Bretton Woods

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While this weekend's conference threatens to repeat the failures of Bretton Woods, the work of economist Wilhelm Röpke may recommend a more successful approach.
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