Development of Economics Archives - Ethics & Public Policy Center

Were John Locke and the Founders "Lockeans"—or Scholastics?

The ways in which James Madison and Alexander Hamilton developed the scholastic economics tradition handed on through the 'laic scholastic' John Locke can illuminate today's partisan debate about the Federal budget.

Redeeming Economics

[Editor’s note: The following remarks were delivered at the Conference on “Economics at the Crossroads” for The Tocqueville Forum and the Society of Catholic Social Scientists at Georgetown University, October 20, 2010. The remarks are based on Mr. Mueller’s new book, Redeeming Economics: Rediscovering the Missing Element.] I’m grateful to my old friends at the Tocqueville […]

Redeeming Economics

The most important element of economic theory has been ignored for more than two centuries, and its rediscovery has started a revolution the likes of which occurred just three times in eight centuries. In Redeeming Economics: Rediscovering the Missing Element, John D. Mueller shows how reapplying the economic thought of Aristotle, Augustine, and Aquinas makes economics whole again.

Economics Deconstructed

The best thing about The Dismal Science: How Thinking Like an Economist Undermines Community is the title. Stephen Marglin is absolutely right that something is wrong with modern economics, particularly its treatment of communities of all kinds, including the family. But the Harvard economist fails to correct the problem for two reasons: first, his ignorance […]

Elements of Economic Theory and American Political Economy

Economic theory began in the natural law philosophy with elements from Aristotle and Augustine, first integrated by Thomas Aquinas, which were widely disseminated by “Protestant scholastics” like Samuel Pufendorf, and further developed by the American Founders. Please click here for the complete reading.

What Have We Learned About — and From — Wilhelm Röpke?

Remarks to the Intercollegiate Studies Institute’s 2008 National Leadership Conference on “The Free Market and the Common Good: Wilhelm Röpke and the Future of the Humane Economy” Indianapolis, Indiana, 12 April 2008 Having heard four presentations on the German economist-philosopher Wilhelm Röpke (1899-1966), we gather the speakers in this “capstone panel” to step back and […]

The Three World Views in Economics

Introductory remarks to the book awards panel Templeton Enterprise Awards Symposium Ethics and Public Policy Center — ISI Washington, DC, 3 April 2008 Our book and article award panelists will span 2,300 years today and range from Aristotle to Augustine, Aquinas, Hume, Adam Smith, Kant, Tocqueville and Hannah Arendt to Michael Novak. I am an […]

What Should Be a Culture of Enterprise in an Age of Globalization?

The Intercollegiate Studies and Cato Institutes deserve our thanks for this conference posing the question, “What Should Be a Culture of Enterprise in an Age of Globalization?” But I think we must start with a prior question: Isn’t “culture of enterprise” really an oxymoron?

Jacques Rueff: Political Economist for the 21st Century?

My original plan, several months ago, was to do homage before the 20th century ended to the French economist Jacques Rueff, by nominating him as the “rightest” political economist of the century. I had to rethink that plan after the Royal Swedish Academy of Sciences awarded the Nobel Prize for Economics to Robert A. Mundell […]

Nobel Prize Winner Robert A. Mundell: An Appreciation

In October, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert A. Mundell. The Nobel Committee cited Mundell “for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.” It may seem that the Nobel announcement, and press articles and editorials […]