Economists tend to promote economics as an ideology, partly by acts of omission in their teaching, but more often by explicit arguments that lead to the acceptance of economics as the first and most …

We must recover this wisdom and remember what economics is truly for. Marco Rubio is the senior United States senator for Florida. Like First Things on Facebook, subscribe to First Things via RSS, …

In Human Action: A Treatise on Economics, Ludwig von Mises explains how enlightened self-interest, rather than love, is the lubricant of social collaboration: Social cooperation has nothing to do with …

In the twenty-first century, economics has a great deal to teach us, and much of it complementary to the wisdom we have learned down through history.

It is also a kind of business book, about the industry of academic economics. Friedman credited Arthur Burns, his professor at Rutgers in the 1930s and decades later Richard Nixon’s Federal Reserve …

Thomistic theology appears to be the opposite of economics in all these respects. It claims to speak with authority on man’s ultimate end, God, and is not shy of issuing rules to help us attain this end.

As reported in a major New York Times article heralding the publication of “the next blockbuster in economics,” the book represents a startling breakthrough in our understanding of how humanity …

Economics plays a central role in discussions of tradeoffs, as the arbiter of the technique by which society comes closest to achieving a desired outcome. But when economics plays this role, the …

In Mueller’s story, modern economics comprises three avenues of study: production, exchange, and consumption. Until Adam Smith published The Wealth of Nations in 1776, however, that division was …

Papal Economics: The Catholic Church on Democratic Capitalism, from Rerum Novarum to Caritatis in Veritate by maciej zieba, o.p. isi, 264 pages, $26.95 There exists a great deal of confusion regarding …