Adam Smith

Milton Friedman Misrepresents Adam Smith

Milton Friedman, though greatly enamored with Adam Smith, misrepresented Smith’s concept of self-interest

Conscience and Commerce: Thoughts from John Wesley

“Gain all you can”; “Save all you can”; “Give all you can.” This was John Wesley’s maxim for gaining and spending money.

The Best Economy: Free and Fair, But Not Fixed

Balancing the scales of liberty and equality is both a free-market and a Christian concern.

Are Reparations the Remedy?

There are several reasons reparations may not solve America’s problems

St. Antonio and the Scholastics: Medieval Monks as Economists

Surprisingly, the first thinker to produce a systematic treatise on what’s today called Economics was Renaissance-era Dominican monk St. Antonio of Florence.

Either Meritocracy or the Common Good, Not Both: A Review of Michael Sandel’s The Tyranny of Merit
Either Meritocracy or the Common Good, Not Both: A Review of Michael Sandel’s The Tyranny of Merit

In The Tyranny of Merit: What’s Become of the Common Good? Michael Sandel eloquently argues a sobering idea: America can pursue meritocracy or the common good, but not both.

State Privilege Won’t Save a Faith

Proponents of religious economy theory point to evidence suggesting that religious adherence decreases when a government actively promotes a church or hinders other beliefs.

The Confusing Rhetoric out of Washington on Venezuela
The Confusing Rhetoric out of Washington on Venezuela

At this point, it is necessary to discuss the rhetoric utilized by the White House and US Congress regarding Venezuela, compared to how senior US military commanders discuss the situation and the possibility of US military action in the South American country.

Trump’s Trade Tirades
Trump’s Trade Tirades

The economic case in favor of free trade remains as definitive and decisive today as it was when articulated by Adam Smith in 1776. But making an economic case is not enough. The moral and cultural case needs to be made as well.