R.R. Reno’s manifesto on capitalism—in which he concludes, among other things, that expanding economic freedom leads to transgenderism—is based on empirically false claims. Part one of a two-part series.
Pillar: Business & Economics
The fifth pillar, business and economics, is built upon concern for the common good and the ways in which the economic order contributes to—or detracts from—human flourishing. Public Discourse examines the ways in which the market is shaped by—and gives shape to—our understanding of the human person, the role of the family, the rule of law, and education and culture.
The “real human person” was the persistent subject of Michael Novak’s life’s work. Novak wanted real, gritty, ordinary persons, in ordinary life, and he wanted a political and economic order for those real, gritty, ordinary persons.
Not only are there many forms of capitalism, but intellectuals exert great influence in determining what type of economy we embrace—for better and for worse.
Capitalism in practice is crony capitalism. Profit-minded firms use every trick they can, including pushing for government intervention and protection, to pursue their self interest. Capitalism and liberal institutions are tremendously powerful social forces that operate both with and through the individuals who engage in economic and political activity. One of their primary features is the continuous revolution in values.
More than ever, religiously informed conservatives should underscore the importance of market economies for ordered liberty.
Americans increasingly identify with our consumption. When combined with political tribalism, the result is the increasing refusal to do business with members of other political or cultural groups. In the end, an identity based on consumption will only consume itself.
The AMA’s Code of Medical Ethics is a cautionary tale of what happens when medical ethics are grounded in social policy and personal intuitions rather than timeless, universal, and immutable moral truths.
Nathan Schlueter and Nikolai Wenzel’s book-length conservative-libertarian debate is a helpful tool for understanding an important conversation and provides the basis for a robust defense of liberty in the public sphere.
The happiest, freest, and most prosperous future available to Americans might not be the most egalitarian.
Defenders of capitalism need a more humane anthropology, sensitive to man’s social and communal nature, lest they forget to ask the crucial question of what economics is for.
The relationship between Edmund Burke and Adam Smith underscores a fundamental connection between virtue and liberty.
Bellevue reflects the worst and the best not just of its disadvantaged patients, its physicians, and its students, but of the American democratic project.
A reflection on our nature as “dependent, rational animals.”
For both economic and spiritual reasons, a basic income guarantee isn’t the solution to widespread unemployment due to new technology.
Lasting reform of our monetary systems require serious rethinking of the state’s role vis-à-vis money.
Capitalism enables equalities of participation that would not otherwise be possible, even as it facilitates inequalities of wealth.
There will always be economic inequalities and problems in our country and in the world. In a real economy with real money, though, at least these would be closer to real inequalities and real problems.
A new book details the progressive movement’s reliance on eugenics and race science as well as its effort to exclude the disabled, blacks, immigrants, the poor, and women from full participation in American society.
Facing an increasingly divided nation, the conservative movement must offer policies addressing the reality of life in urban centers.
Samuel Gregg’s new book makes it clear that the fundamental purpose of finance, as of all civic practices and institutions, is the good of human beings.
Supporting markets as the economic arrangements most likely to help promote human flourishing doesn’t necessarily mean you accept libertarian philosophical premises.
As economic nationalism enjoys a resurgence across the developed world, Adam Smith reminds us of how much we stand to lose—and not just economically.
Christianity has never seen the pursuit of virtue as incompatible with private possession of wealth.
The significance of sovereign debt crises goes beyond economics. How we address these situations gives important insight into our understanding of the nature and limits of state authority.
Cronyism in the marketplace not only damages the economy. It is also unjust and deeply corrupting of the body politic—perhaps especially of democracies.