Economics

monopoly

March 25, 2013

Faith and the Employer

by Bruce Frohnen

The diocese of Lansing, where I currently attend mass, is a pretty good one, as such things go in the contemporary United States. Our parish has a very good priest and I’m confident we won’t soon be joining in on…

October 16, 2012

“Talibans of Austerity”

by Theodore Dalrymple

A sentence in the French newspaper Le Monde recently caught my eye: Il y aura toujours des talibans de l’austérité, there will always be the Talibans of austerity. It was uttered by the economist Jean Pisani-Ferry in an interview in…

September 24, 2012

Eat the Rich Now, Starve Later

by Theodore Dalrymple

There is one group that is not protected from hate-speech: the rich. For the rich it is permissible, and in some circles de rigueur, to speak disparagingly or hatefully. This, I imagine, is because it is widely supposed that if…

August 6, 2012

Obama’s Assault on Entrepreneurship: An Economic Roadmap to Nowhere

by Ismael Hernandez

A proper examination of President Obama’s assertions about entrepreneurs requires a close consideration of the underlying moral claims they contain. But first it should be conceded to the President that much of the infrastructure that facilitates business is created by…

July 11, 2012

The Economy of Communion in Africa

by David W. Lutz

Africa is a continent of great spiritual and cultural wealth, but also of great material poverty. The way forward for African economies is not aid and development assistance, but prudent business management that enables African workers to attain higher levels…

June 12, 2012

Help Us Keep It Going

by William Fahey

$5,000. That’s all we need to raise each month to sustain and fully operate Crisis magazine. Jaws drop when I speak of how much Crisis accomplishes with so little. While our own self-imposed austerity measures allow us to run Crisis…

May 30, 2012

Corporate Personhood and 14th Amendment Rights

by Thomas Storck

This article originally appeared on Ethika Politika One of the demands made by the Occupy Wall Street movement has been the ending of the legal fiction of personhood for business corporations. This desire on the part of the Occupy movement is…

April 27, 2012

Investment and the Common Good

by Christopher O. Blum

It is now twenty years since the publication of Centesimus Annus, yet only halting steps have been made towards an adequate reception of it. In his concluding remarks to that great encyclical, the Holy Father warned that the Church’s social…

April 27, 2012

Subsidy or Subsidiarity

by Gerald J. Russello

Individualism and community are the opposite halves of the American character. For every myth of the self-made man, there is the image of the closely knit New England small town. For every lone cowboy on the frontier, there are the…

March 13, 2012

The Age of the Laity…or the Latte?

by William Fahey

So what will it be? A grande Latte… or Western Civilization? A scone with that… or the meat of doctrine? An extra shot of espresso… or the survival of families? A Moccachino… or the Mystical Body of Christ? Today, the…

February 21, 2012

Beating the Competition

by Carolyn Moynihan

Business leaders are blaming the education system for the loss of jobs offshore. But aren’t they forgetting that other institution that turns out good workers?

February 14, 2012

The Love that Moves the Sun

by Michael Novak

In one of the two greatest lines of world poetry, Dante bows gently toward “The Love that moves the sun and all the stars.” Many moralists speak of love as the one fundamental and universal moral principle, the golden…

February 9, 2012

Economics: The Cheerful Science

by Mark W. Hendrickson

Chances are, you’ve heard economics referred to as “the dismal science.” That unflattering description is glib and catchy; it is also 100 percent wrong. Let me set the record straight and explain why economics—far from being dismal—is cause for hope,…

February 9, 2012

The Population Bomb, Still Fizzling

by Marcus Roberts

A new report was released on Monday by the UN’s high level panel on global sustainability. Unsurprising its conclusion is that the world’s current economic , environmental and demographic trajectory is wildly unsustainable. According to the UN estimates, as reported…

February 2, 2012

The Romney Tax Rate Scandal

by Mark W. Hendrickson

When Republican presidential candidate Mitt Romney casually estimated that his effective tax rate is around 15 percent, progressives immediately pounced on the issue. To this ideological minority with its Ahab-like obsession on class warfare, a rich American paying an effective…

January 31, 2012

A Setback for the Secularists?

by James S. Cole

Earlier this month, the US Supreme Court decided a case filed by the US Equal Employment Opportunity Commission and a teacher against a church-operated grade school in Michigan. Hosanna-Tabor Evangelical Lutheran Church and School v. Equal Employment Opportunity Commission, No….

January 30, 2012

Slouching Toward Disneyworld

by Sheila Gribben Liaugminas

I remember writing in 2008 that the race was consistent only in its unpredictability. That’s the only resemblance this presidential race holds to the last. There is no comfort in any political camp right now. They each feel equally emboldened…

January 20, 2012

The Apple Argument Against Abortion

by Peter Kreeft

This essay first appeared in the December 2000 issue of Crisis Magazine. I doubt there are many readers of this magazine who are pro-choice. Why, then, do I write an argument against abortion for its readers? Why preach to…

January 18, 2012

Inequality, Eugenics, and Envy

by Thomas Sowell

With all the talk about “disparities” in innumerable contexts, there is one very important disparity that gets remarkably little attention — disparities in the ability to create wealth. People who are preoccupied, or even obsessed, with disparities in income are…

January 18, 2012

Presidential Nonsense

by Walter E. Williams

Last week, President Barack Obama, at a Capital Hilton fundraising event, told the crowd, “We can’t go back to this brand of you’re-on-your-own economics.” Throughout my professional career as an economist, I’ve never come across the theory of “you’re-on-your-own…

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