What’s Wrong With Our Economy?

Event Date: 
September 18, 2008 - 12:00pm

Dexter Ballroom
24 Ransom Avenue NE
Grand Rapids, MI, 49503


Since August 2007, many economies around the world have entered a period of crisis. America and the European Union are struggling to resist recession. Bad news dominates the headlines about the financial and real estate industries. Gas prices have risen to all-time highs. Inflation looms as a new threat to monetary stability. Central banks are seemingly in damage control, bailing out banks and financial houses, while struggling to keep inflation down and attempting to prevent unemployment from rising. Increased regulation and intervention are, it seems, live options for many governments.

In this lecture, Acton’s Research Director, Dr. Samuel Gregg, discusses some of the root causes of the economy’s present problems, the merits of various attempts to grapple with them, and the fundamental reforms that are needed for sustained economic growth to reignite. Just, he argues, as the problems stem from moral, political, and economic errors, so too are the solutions to be found in the moral, economic, and political realm.

Short bio of the speaker

Dr. Samuel Gregg has written and spoken extensively on ethics in law, finance, and medicine. He has an MA in political philosophy from the University of Melbourne, and a Doctor of Philosophy degree in moral philosophy from the University of Oxford, which he attended as a Commonwealth Scholar. He is the author of several books, including Morality, Law, and Public Policy (2000), Economic Thinking for the Theologically Minded (2001), On Ordered Liberty (2003), and, most recently, The Commercial Society (2007). He also publishes in journals such as Markets & Morality, and Law and Investment Management, as well as in newspapers such as The Wall Street Journal Europe, and the Washington Times. He is director of research at the Acton Institute, a professor at the Pontifical Lateran University, and a consultant for Oxford Analytica Ltd. In 2001 he was elected a fellow of the Royal Historical Society and in 2004, a member of the Mont Pelerin Society.