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Thirty years ago, the economic system of the Soviet empire—socialism—seemed definitively discredited. Today, the most popular figures in the Democratic Party embrace it, while the shapers of public opinion treat capitalism as morally indefensible. Is there a moral case for capitalism? Consumerism is an appalling spectacle. Free markets may be efficient, but are they fair? Aren’t there some things that we can’t afford to leave to the vicissitudes of the market? Robert Sirico, a onetime leftist, shows how a free economy—including private property, legally enforceable contracts, and prices and interest rates freely agreed to by the parties to a transaction—is the best way to meet so...
The world's economy has been transformed from a twentieth-century materials-based economy to the Age of the Knowledge-Based Economy - and the currency of this realm is ideas, imagination, creativity, and knowledge. According The World Bank, 80% of the developed world's wealth now resides in human capital. Perhaps President Ronald Reagan said it best in his address to Moscow State University on May 31, 1988: "Like a chrysalis, we're emerging from the economy of the Industrial Revolution - an economy confined and limited by the Earth's physical resources - into, as one economist titled his book, "the economy in mind," in which there are no bounds on human imagination and the freedom to create ...
Timeless and moral economic wisdom for life's choices and changes derived from the parables of the New Testament by famed free market advocate and Catholic priest Robert Sirico. Libraries are filled with books on the parables of Christ, and rightly so. In the words of Pope Emeritus Benedict XVI, “While civilizations have come and gone, these stories continue to teach us anew with their freshness and their humanity.” Two millennia later, the New Testament parables remain ubiquitous, and yet, few have stopped to glean from one of Christ’s most prevalent analogies: money. In The Economics of the Parables, Rev. Robert Sirico pulls back the veil of modernity to reveal the timeless economic ...
This is a book of hope at a time when just about everyone but Marvin Olasky has lost hope. The topic is poverty and the underclass. The profound truth that Marvin Olasky forces us to confront is that the problems of the underclass are not caused by poverty. Some of them are exacerbated by poverty, but we know that they need not be caused by poverty, for poverty has been the condition of the vast majority of human communities since the dawn of history, and they have for the most part been communities of stable families, nurtured children, and low crime. It is wrong to think that writing checks will end the problems of the underclass, or even reduce them. - Preface.
Many claim that Catholic Social Teaching implies the existence of a vast welfare state. In these pages, Anthony Esolen pulls back the curtain on these false philosophers, showing how they’ve undermined the authentic social teachings of the Church in order to neutralize the biggest threat to their plans for secularization — the Catholic Church. With the voluminous writings of Pope Leo XIII as his guide, Esolen explains that Catholic Social Teaching isn’t focused exclusively on serving the poor. Indeed, it offers us a rich treasure of insights about the nature of man, his eternal destiny, the sanctity of marriage, and the important role of the family in building a coherent and harmonious...
Do you feel like something big is missing from your life? Do you feel trapped, bored, stuck in a meaningless routine? It may be you think you're too ordinary to ever do something special. Perhaps you're afraid that if you try, you'll fail. The startling truth is this: Just about anyone can do great things, can live a life that's remarkable, purposeful, excellent, and yes, even heroic. If you want to be a hero, you can be. How? That's what this book is all about. Will you choose to do it? Will you decide to journey heroically, instead of spending your life merely marking time? If so, this is the book for you. Welcome to your heroic journey.
Comprises four papers which explore the relationship between moral values and markets. Considers the function of a moral standard in business and argues that the accomplishments of business directly help to advance social prosperity, health and human welfare. Criticises the claim that capitalism is ethically deficient and addresses the question of markets and the provision of a minimum income in retirement.
Milton Friedman is one of the most famous economists in history. His writings and theories on everything from capitalism and freedom to deregulation and welfare have inspired movements, influenced government policies, and changed the course of America’s economic history. Now, acclaimed Friedman biographer Dr. Lanny Ebenstein brings together twenty of Friedman’s greatest essays in his new book, The Indispensable Milton Friedman: Essays on Politics and Economics. The only collection of Friedman’s writings to span his entire career, The Indispensable Milton Friedman: Essays on Politics and Economics features some of Friedman’s never-before-republished writings as well as the best and most timeless of his works. These exceptional essays not only illuminate the progression of Friedman’s thought, but explain how America might overcome some of its most difficult challenges. Broken into two sections, politics and economics, The Indispensable Milton Friedman shows how we can ultimately turn America around, and is more necessary than ever during this critical election year and time of economic uncertainty.
The 1996 Welfare Reform Act was the most significant changes in social welfare policy in nearly 30 years. The Poverty of Welfare examines the impact of that reform, looking at the context of welfare's history, and concludes that while welfare reform was a step in the right direction, we have a long way to go to fix the deeply troubled system.
Human Action—a treatise on laissez-faire capitalism by Ludwig von Mises—is a historically important and classic publication on economics, and yet it can be an intimidating work due to its length and formal style. Choice: Cooperation, Enterprise, and Human Action, however, skillfully relays the main insights from Human Action in a style that will resonate with modern readers. The book assumes no prior knowledge in economics or other fields, and, when necessary, it provides the historical and scholarly context necessary to explain the contribution Mises makes on a particular issue. To faithfully reproduce the material in Human Action, this work mirrors its basic structure, providing readers with an enjoyable and educational introduction to the life's work of one of history's most important economists.