Business

Catholic Investor Advises Graduates on the Meaning of Wealth

As a private equity manager and venture capitalist, Frank Hanna knows about how to succeed at business and how to create wealth. But his new book, A Graduate’s Guide to Life is no Art of the Deal-style book about how to get ahead and beat the competition. In fact, almost the opposite: “Competition is not … Read more

Trump the Rotarian and Why Elites Hate Him and You, Too

Publishing scion Al Regnery told a story last night about how the hoi polloi out on the campaign hustings appreciated the fact that Donald Trump always dressed to the nines. Always perfectly turned out, business suit, dress shirt, shined shoes, perfectly knotted four-in-hand tie, the working man appreciated Trump’s authenticity. One man said, “This is … Read more

Faith and the Employer

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 the practice I’ve seen in the archdiocese of Detroit of worshiping in the round, complete … Read more

The Economy of Communion in Africa

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 of productivity for their efforts. But what model of business management is appropriate for the … Read more

Corporate Personhood and 14th Amendment Rights

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 healthy, but the issue is actually more complicated than might at first appear. For corporate … Read more

The Happiness of Believers

Do religious belief and practice affect the happiness of Europeans? In the first part of this two-part article, to answer our question we focused on the European Values Study. In this second part we deal with results from the European Social Survey. For an empirical analysis of the effect of religion on happiness, we use … Read more

Profits are for People

The Occupy Wall Street demonstrators are demanding “people before profits” — as if profit motivation were the source of mankind’s troubles — when it’s often the absence of profit motivation that’s the true villain. First, let’s get both the definition and magnitude of profits out of the way. Profits represent the residual claim earned by … Read more

Cooperation: A Free Market Benefits Everyone

The following will explain the most important idea in the history of social analysis. The notion (actually, it’s a description of reality that is all around us but rarely noticed) has been around for many centuries. It was first discovered by late-medieval monks working in Spain. It was given scientific precision in the classical period. … Read more

Walmart Case a Victory for Consumers

  The Supreme Court handed down a big win for American consumers this week, though the case had nothing to do with consumer protection. The court’s decision involved the rules for determining what constitutes a proper class of plaintiffs, representing not just those individuals who have come forward to allege illegal behavior but others who have been … Read more

Obama and Business: Irreconcilable Differences

Last week, I noted that various forms of the word “unexpected” almost inevitably appeared in news stories about unfavorable economic developments. You can find them again in stories about Friday’s shocking news, that only 54,000 net new jobs were created in the month of May and that unemployment rose to 9.1 percent. But with news … Read more

Dependency and Votes

Those who regard government “entitlement” programs as sacrosanct, and regard those who want to cut them back as calloused or cruel, picture a world very different from the world of reality. To listen to some of the defenders of entitlement programs, which are at the heart of the present financial crisis, you might think that … Read more

The Late Great American Dollar

The economic crisis that hit the developed world a few years ago was devastating. Millions lost their jobs, their homes, and their retirements. But the next catastrophe — which could be coming soon — will make the recent recession feel like a boom time. Imagine gasoline prices really skyrocketing and the cost of food and … Read more

What Is the New Statism?

After years of going nowhere, economic theory in the Catholic world just got a big upgrade from none other than the head of the Vatican’s bank. Ettore Gotti Tedeschi, a one-time private banker and professor of financial ethics at the Catholic University in Milan, has headed the Institute for Religious Works since 2009. Writing in … Read more

And Now for Some Good News from Haiti…

It belabors the obvious to say that Haiti is a mess. I was there for the one-year anniversary of the January 12, 2010, earthquake and can verify the reports of how little has been done to put the shattered capital, Port-au-Prince, back together again. The overall look of the downtown area is something akin to … Read more

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