In this address, perhaps the last paper he wrote, Professor Hayek elaborates on the relationship between the evolution of the moral order and evolution of reason, arguing that the latter is dependent on the former, and that rationalists, like Marx … Continue reading
Today I was referred to an article in The Times (London) by Matt Ridley titled “Yes, capitalism failed. It’s just too cosy.” What Ridley was criticizing is the “crony capitalism” that reflects our current economic systems in the US and … Continue reading
Distributism is a term commonly associated with Catholic economic theory. It seeks economic justice by promoting the widest distribution of property to the largest number of people possible. Distributism also relates to the principle of subsidiarity, which means the greatest … Continue reading