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.
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.
Learn more about Business & Economics: get your free eBook today!
Post
Social Transformation and the Market Economy: A Reply to Samuel Gregg
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.
Post
First Things and the Market Economy: A Response to R. R. Reno
More than ever, religiously informed conservatives should underscore the importance of market economies for ordered liberty.
Post
The Consuming Self
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.
Post
The American Medical Association vs. Human Nature
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.
Post
Does the Right Have a Future? Assessing the Conservative-Libertarian Debate
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.
Post
Do Involved Parents Subvert the American Dream?
The happiest, freest, and most prosperous future available to Americans might not be the most egalitarian.
Post
Capitalism and the Quest for Community
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.
Post
Fountainheads of Fusionism
The relationship between Edmund Burke and Adam Smith underscores a fundamental connection between virtue and liberty.
Post
Bellevue: The Best and the Worst of America
Bellevue reflects the worst and the best not just of its disadvantaged patients, its physicians, and its students, but of the American democratic project.
Post
Natural Law, Social Justice, and the Crisis of Liberty in the West
A reflection on our nature as “dependent, rational animals.”
Post
Protectionism and a Universal Basic Income Won’t Solve Our Economic Problems
For both economic and spiritual reasons, a basic income guarantee isn’t the solution to widespread unemployment due to new technology.
Post
Good Money
Lasting reform of our monetary systems require serious rethinking of the state’s role vis-à-vis money.
Post
Legal Fictions Matter: A Reply to S. Adam Seagrave
Capitalism enables equalities of participation that would not otherwise be possible, even as it facilitates inequalities of wealth.
Post
The Counterfeit Money of Our Casino Economy
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.
Post
Shedding Light on Progressivism’s Dark Side
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.
Post
Toward an Urban Conservativism: Learning the Right Lessons from 2016
Facing an increasingly divided nation, the conservative movement must offer policies addressing the reality of life in urban centers.
Post
Banking on the Margins or the Core of Human Flourishing?
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.
Post
Markets, Catholicism, and Libertarianism
Supporting markets as the economic arrangements most likely to help promote human flourishing doesn’t necessarily mean you accept libertarian philosophical premises.
Post
Adam Smith, Economic Nationalism, and the Case for Free Trade
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.
Post
Global Capitalism versus Christianity? A Response to David Bentley Hart
Christianity has never seen the pursuit of virtue as incompatible with private possession of wealth.
Post
Sovereign Debt Crises, Justice, and State Authority
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.
Post
Crony Capitalism: Inefficient, Unjust, and Corrupting
Cronyism in the marketplace not only damages the economy. It is also unjust and deeply corrupting of the body politic—perhaps especially of democracies.
Post
Christians, Capitalism, and Culture: A Response to David Bentley Hart
Instead of engaging in sweeping condemnations of contemporary capitalism, those concerned about the present state of Western culture should focus upon the theological and philosophical errors shaping our time.
Post
The American Dream in Crisis: It’s Time for a New Moynihan Moment
The American Dream is in crisis because the American family is in crisis. We must commit to a national—not purely governmental—effort to promote strong families.