An interesting piece in Tuesday’s Financial Times (registration req.) by Jagdish Bhagwati, economist at Columbia University. In the form of a letter to U2 front man Bono, Dr. Bhagwati offers a (I think) stinging criticism of attempts to save Africa through appeals for more governmental spending. (This is especially interesting since Bono plays off the songsheet of another Columbia economist Jeffrey Sachs.) If you can find a copy of the article, I highly mend it, but in the meantime, here...

. . . Or so claims Robert Newman in this article in The Guardian from February 2. It makes a great subject for a game of “Find-the-Fallacy.” Newman’s breezy inferences are reminiscent of The Communist Manifesto, edited to conform to trendy deep ecology. Here’s my favorite line: “Capitalism is not sustainable by its very nature. It is predicated on infinitely expanding markets, faster consumption and bigger production in a finite planet.” Well, I guess somebody has to shoot fish in...

Washington lawmakers are falling all over themselves to pass legislation aimed at curbing corruption in high places. But, as Kevin Schmiesing points out, the most effective solution to the problem has been known for hundreds of years: limited government and moral restraint. Read the mentary here. ...

I was waiting for the shuttle this morning when it struck me–an idea, I mean, not the shuttle. We talk a lot here at the Acton Institute about how economics needs morality and morality needs economics; or, as Fr. Sirico phrased it in his NRO salute to Ed Opitz, “Christianity qua Christianity [offers] no specific economic model any more than economics qua economics has any specific moral model to proffer—which is precisely why they both need each other.” I’ve thought...

In the latest issue of Science & Spirit magazine, Acton director of research Samuel Gregg is interviewed about the ethical aspects of the genetic engineering of food. In “God and the New Foodstuffs,” author Trey Popp writes about the opposition to such endeavors: Some scientists and environmentalists fear GM crops may have unforeseen consequences. Many organic and small-scale farmers see the new crops as an economic threat; there have been cases in which GM corn has contaminated nearby fields, ruining...

If you haven’t seen it yet, NRO is hosting a special blog worth taking a look at: CrunchyCon. The discussion is on the thesis of Rod Dreher’s new book, Crunchy Cons: How Birkenstocked Burkeans, gun-loving organic gardeners, evangelical free-range farmers, hip homeschooling mamas, right-wing nature lovers and their diverse tribe of countercultural conservatives plan to save America (or at least the Republican Party). Participants include the author, NRO’s Jonah Goldberg, Caleb Stegall (editor of the New Pantagruel), Frederica Mathewes-Green, and...

Here’s a brief note about a recent National Bureau of Economic Research working paper, “Service Offshoring and Productivity: Evidence from the United States.” According to the NBER digest, “service outsourcing is doing more than fueling an economic boom in the tech-savvy provinces of India. It is also playing a major role in one of the big economic stories of the last decade: the surging productivity of American manufacturing firms.” For more on this, check out Anthony mentary, “Productivity and the...

Yesterday I mended Professor Plum’s EducatioNation, and I’ll do so again today. Here’s a tidbit from a recent post titled “We Need More Unions” on Prof. Plum’s blog: “Once again, America’s teachers unions reveal that all their blather about being child centered, about being stewards of America’s children, and about social justice and diversity, is nothing but a disguise for their real interest—which is self-preservation via monopolistic control of the means of education.” Prof. Plum, who daylights as a master’s...

An interesting news story on local Grand Rapids television last night concerning the long awaited closing of an Electrolux plant. While the story was fair and optimistic, I got a bit of a kick out of soundbite from Chicago writer Richard Longworth who said: “A wonderfully decent way of life is now just being undermined by productivity, by the global economy.” Now, losing a job can be a terrible thing (its worth noting, though, that one of the workers in...

In her column this week, Dr. Jennifer Roback Morse, Acton senior fellow in economics, takes Linda Hirshman, a retired professor at Brandeis University, to task. Hirshman has been making the news circuit touting her claims about negative trends among working women. She says that educated women who e stay at home moms will create the future result that “expensively educated, upper-class moms will be leading lesser lives.” According to an ABC News article, Hirshman views this as “a tragedy not...