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Capitalism
In the last century, every important economist aspired to write a complete treatise on economic thought. The idea was to build up an airtight theory, primarily by use of deductive logic, to explain how people overcome a central human predicament: Material desires always exceed resources, so what system should societies adopt in order to meet limitless needs and become prosperous?A Splendid Education in Free Market Economics
Faith of Our Fathers Mary Sennholz, editor 1997, 389 pp. Paper: $19.95 [ purchase this book ]Human Dignity and the Limits of Liberty
Advocates of liberty as the highest political virtue are regularly confronted by what I will call the libertarian accusation. When facing a staunch defense of liberty, especially economic freedom, conservatives and collectivists alike often nervously reply, “but isn’t laissez faire just morally dangerous? Don’t we need government to restrain powerful business interests?The Encyclical Legacy of John Paul II
Remarkable changes have taken place within the Roman Catholic Church under the papacy of John Paul II. As the twentieth century draws to a close, we see in retrospect that this century has witnessed in sheer numbers alone more deaths and wholesale destruction of human life and institutions that any previous.Why America Needs Religion
Recently, University of Chicago professor Derek Neal undertook a study of the education of urban minority students, the same ones who are the much-vaunted “at risk” students regularly paraded out whenever the body politic even contemplates any change in the educational status quo.American Catholic
The American Roman Catholic is a curious animal, forever trying to modify the docile, traditional, receptive spirit of the Catholic by the independent, innovative, frontier mentality of the American. Results of his endeavor vary from the impressive and influential to the disedifying and disastrous. His task is never-ending simply because it is impossible: “American” cannot modify “Catholic.”Wojtyla's Thought, John Paul II's Pontificate
As the years of his pontificate mount up, so do the books devoted to this singular pope, with the promise of some good things still in store, notably the forthcoming biography by George Weigel. From many angles, one has sought to fathom John Paul II’s secret, or perhaps to glimpse his distinctive gifts at work, a contemplative actor surely but patiently shifting the tumblers of the vault of history.The Futility of Coerced Benevolence
Tibor Machan’s Generosity: Virtue in Civil Society provides a fascinating and thorough treatment of the role of virtue in a society characterized by limited government, freedom of association, and economic liberty. Its thesis, according to Machan, is that “Generosity is a moral virtue that cannot flourish in a welfare state or in any sort of command economy, because to be generous is to voluntarily help others in certain ways.His Holiness: John Paul II and the Hidden History of Our Time
Who killed communism? Western analysis (and not a few communists) first pointed the finger at the economic incapacities of Marxist-Leninist states. In a world defined by silicon chips and fiber-optic cables, communism–it was argued–just couldn’t compete. This gimlet-eyed focus on the economic causes of the collapse always seemed, though, an oddly Marxist “answer” to the puzzle. Happily, more thoughtful analyses based on a better understanding of the cast of characters in the gripping drama of the Marxist crack-up are now available.The Vocation of Enterprise
As its title implies, Michael Novak’s Business as a Calling brings a somewhat missionary zeal to the defense of commerce and capitalism, subjects that have been mainly exposed in the recent past to the zealotry of frenzied opponents. Mr. Novak’s effervescence and originality as an advocate and his rigor as a scholar make for a provocative and interesting read.Gentility Recalled
With crime and illegitimacy soaring, and cities often resembling Hobbes’s state of nature, where life is “solitary, poor, nasty, brutish, and short,” our policy wonks are hoping that national service, tax credits, etc. will manipulate us into coexisting decently again.The Politics of Envy
In this wide-ranging sequel to his The Politics of Plunder (Transaction, 1990), Cato Institute senior fellow Doug Bandow draws together essays, columns, and articles to illuminate statism’s rising threat to freedom and religion. A Christian libertarian, Bandow rightly insists that “liberty–the right to exercise choice, free from coercive state regulation–is a necessary precondition for virtue. And virtue is ultimately necessary for the survival of liberty.” Only choices freely made have moral or religious import.