The theory of just price is often misrepresented by those who oppose the idea. They like to say that including justice as a factor in the determining of prices is contrary to free markets. They imagine just price to mean the setting up of an economic tyranny where prices were set in stone and merchants … Read more
All too often, unlimited choice is heralded as the height of freedom to which all must aspire. However, it is often forgotten that when overwhelmed by choices, a person also faces the possibility of making bad decisions. This can consequently lead to anxiety, stress and dissatisfaction. Furthermore, the person starts to spend too much time … Read more
The latest elections proved beyond a doubt that America is a conservative nation. Despite everything, conservative ideas still resonate strongly with many Americans and definitely have a future. But a simple victory is not enough. This is because the present victory does not explain everything. While conservatives just won in 2014, they lost in 2012, … Read more
Prof. Richard Stivers explains the paradox of modern mass society that on the one hand seems highly individualistic and on the other hand strongly collectivistic. Already in the nineteenth century, the individual became disconnected from the local community and extended family that normally served to give him an identity inside the context of community. The … Read more
The following excerpt is taken from a speech titled “A Way of the Cross Society,” delivered at the American TFP’s 2014 National Conference on October 25th, in Spring Grove, Pennsylvania. We need the cross in a Way of the Cross society. But we also need to find the way—but not just any way. There must … Read more
CHANDLER, AZ (Oct. 10, 2014) – Unlike many economic commentators, John Horvat II points out the direct correlation between the economy and moral values in his much talked about book, Return to Order: From a Frenzied Economy to an Organic Christian Society —Where We’ve Been, How We Got Here, and Where We Need to Go. … Read more
Money is truly an invention. What makes it universally accepted is an agreement or convention established by usage and custom for the purpose of the exchange of goods and services. A monetary system is established when it is recognized by law. That is why money is termed numisma (from which we get numismatics), meaning law; … Read more
Speculation on the market has always been dangerous business for the uninformed. Edward Chancellor writes about the activities of nineteenth century speculator Daniel Drew who manipulated the market with great ability. Chancellor writes that, “Male or female, rich or poor, healthy or infirm, the vast majority of speculators were necessarily outsiders, mere fodder for the … Read more
When we think of ancient gold coinage, there is the tendency to think in terms of contemporary coins. This is not the case, however. The two coinages are very different. The gold solidus of Constantine, which retained its value and served as a monetary standard for more than a thousand years, was unlike an American … Read more
Technology, the work-saving redeemer of previous centuries, seems to be backfiring. As workers become more dependent on the modern equivalent of the steam engine, the smartphone, one should presumably find more time for recreation, rest and family interaction. After all, machines were meant to make work easier and free up time. Nevertheless, a tool can … Read more
