Thomas E. Woods, Jr. ( tomwoods.com) is a senior fellow at the Ludwig von Mises Institute. He is the author of many books, including New York Times bestseller The Politically Incorrect Guide to American History, the Templeton Enterprise Award-winning The Church and the Market: A Catholic Defense of the Free Economy, and the newly published Beyond Distributism (Acton Institute, 2008), from which this article is excerpted.
Overview
Acton Lecture Series (October 7, 2009) - Dr. Woods discusses his diagnosis of the crisis and proposed solutions and how these are close to the opposite of the conventional wisdom, which blames the meltdown on the free market and "greed." He also shows that there are indeed moral failings at the heart of the crisis, but that blaming mere "greed" leaves us to wonder why bouts of greed should appear only in sudden, cyclical clusters.
