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The bottom billion: Why the poorest countries are failing and what can be done about it
Development remains the most pressing human question in economics. As interesting as stock market models might be or monetary policy in managing the business cycle, the most fundamental question in economics is that of growth. What leads to economic growth? And how can those who are poorest realize the benefits of growth?"Good Capitalism Bad Capitalism," and the economics of growth and prosperity
The authors of Good Capitalism, Bad Capitalism explain why capitalism is not a monolithic construct. Before the end of the Cold War there was a perception that capitalist economies were generally the same, due to the stark contrasts between Western economies and Soviet-style command economies. Authors William J. Baumol, Robert E. Litan, and Carl J.What exactly is a think tank?
A think tank doesn’t just catalogue ideas, but participates in and promotes the free exchange of ideas. While we seek to address a host of problems and propose solutions from a foundational stand point, our freedom and independence at the Acton Institute is a valuable asset. Some critics of think tanks simply assume they are only extensions of controlling interests or have little impact on the public debate.In defense of intellectual property
While sharing intellectual objects may not involve loss of possession or prevent your personal use, the loss of income incident to such sharing is a true and significant loss and not to be dismissed.Praying and paying: Amity Shlaes' "The Forgotten Man"
In my high school U.S. history class, I often argued with my teacher about the legacy of Franklin Delano Roosevelt. My youthful contention was that FDR had expanded the scope of government beyond the intent of the founders and harmed the economy. My teacher took the conventional view of Roosevelt as a hero who got us out of the Great Depression. But I wouldn’t budge.Tommaso de Cajetan
Described as small of stature and giant in intellect, Cardinal Tommaso de Cajetan, O.P., was praised by Pope Clement VII as the “lamp of the Church.” Cajetan is perhaps most famous for being the legate sent by Pope Leo X to Germany to try and persuade Martin Luther to back down from his cThe CEO serves: Moral purpose and business leadership
Edward M. Kopko A lot of critics are taking potshots at CEOs these days. They make too much money, they have too much power, and they run companies—like Enron and Arthur Andersen—only to line their own pockets at the expense of shareholders, employees, and the public, or so the story seems to go. Do CEOs feel as though they’re under siege?Editor's note
Sometimes before you get to the main argument, you have to argue about what you are arguing about. Perhaps that seems tedious, but if you bear with me, you might be convinced that it is important. This issue of Religion & Liberty features several pieces that try to clarify what we are arguing about.A law beyond law: Life together in "Deadwood"
The Black Hills of Dakota in the 1870s may seem like an unlikely place for a dramatic narrative pursuing themes of justice, service, and community, but that’s exactly what the audience gets in compelling fashion in HBO’s recently concluded series Deadwood. When creator and executive producer David Milch first pitched the idea to HBO executives, the setting was in fact ancient Rome.Why does the Acton Institute operate the 'Catholic High School Honor Roll'?
Since the Acton Institute’s work to build a free and virtuous society includes serving future religious and moral leaders, it makes sense to begin where these leaders are first formed in social and economic issues: high school. Why Catholic high schools? Because they provide a starting point for broader educational work we plan to do with religious-based high schools.