Home
/
RELIGION & LIBERTY ONLINE
/
Law & Liberty forum helps break down free markets versus economic nationalism debate
Law & Liberty forum helps break down free markets versus economic nationalism debate
Oct 13, 2026 10:10 PM

Since 2015, I have spent more time than I could ever have imagined debating the issue of whether free markets are more optimal for the United States (or any other country) than the various policies usually grouped together under the phrase “economic nationalism.” It’s a discussion that touches on questions ranging from the place of economics in determining policy to issues of foreign policy (most particularly, America’s relationship with China) and the economic role of the state. It also has implications for the future of conservative thought and policy.

There is a great deal of theory and information to be absorbed in order to understand plex discussion and the deeper political and economic debates which drive it. It is very easy to get lost in the micro-details (though these are important). Now, however, thanks to one of the Liberty Fund’s superb online publications, Law & Liberty, anyone interested in reading succinct summaries of the debate can find them at one of Law & Liberty’s January 2020 Forum.

The Law & Liberty Forum begins with an essay, titled “How Economic Nationalism Hurts Nations” (January 6, 2020) by yours truly. Responses to my article are then made by Oren Cass in his “Comparative Disadvantage” (January 15, 2020), Daniel McCarthy in his “Economic Nationalism and Political Realism” (January 22, 2020) and Richard M. Reinsch III in his “Economic Nationalism Can’t Heal the U.S.” (January 27, 2020). The last article in the Forum is my response to Cass, McCarthy and Reinsch, titled “Why the Case for Economic Nationalism Fails” (January 31, 2020).

Wherever you stand on these questions, I think these essays provide a fair representation of the different positions. Indeed, a number of these pieces have been republished at Real Clear Policy and Real Clear Markets. They have also sparked debates mentary at publications such as National Review and organizations like the American Institute for Economic Research (here and here). There is a great deal at stake in these debates; it follows that the more informed people are, the better.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Spartan Austerity and the Fiscal Cliff
Is spartan austerity driving us over the fiscal cliff?The latest step in the budget dance between House Republicans and the White House has to do with where tax increases (or revenue increases in general, depending on what is called what) fit with a deal to avoid the so-called “fiscal cliff.” As Napp Nazworth reports, President Obama has apparently delivered an ultimatum: “there would be no agreement to avert the ‘fiscal cliff’ unless tax rates are increased on those making more...
Can Capital Markets Be Moral?
Can capital markets be moral? At The Veritas Forum at Cambridge University, Rev. Richard Higginson explains how we should rethink our capital system to avoid problems like the financial crisis. His five part plan includes: 1. Rediscovering capital virtues like moderation and prudence, 2. Adopting sound policy like reducing debt and spreading risk, 3. Reviewing the purposes and scrutinizing the practices of banking by a reputable international body, 4. Continuing to invest and give as a sign of hope, and...
Why Soaking the Rich Won’t Fix the Deficit
In a recent ABC News/Washington Post poll on methods to avoid the “fiscal cliff”, sixty percent of Americans support raising taxes on es more than $250,000 a year (73 percent of Democrats, 63 percent of independents, and 39 percent of Republicans). But how much will that affect the deficit? The federal budget deficit in 2012 was $1.1 trillion. But a number with that many zeros—$1,100,000,000,000—is difficult to grasp, so let’s put it in some perspective This is what $100 million...
Novak Award Winner Assesses Spiritual, Vocational Crisis of Economy
Acton President Rev. Robert Sirico presents the 2012 Novak Award to Prof. Giovanni Patriarca An overflow crowd, which included two current and one former rector of Rome’s pontifical universities, enthusiastically turned out on November 29 to support the winner of the Acton Institute’s Novak Award. Students, professors, journalists, entrepreneurs and politicians alike packed the Aula delle Tesi auditorium at the Pontifical University of Thomas Aquinas to hear Prof. Giovanni Patriarca deliver his lecture “Against Apathy: Reconstruction of a Cultural Identity”....
Back to Civilization’s Point Zero?
Visiting San Francisco’s Haight-Ashbury district in 1968, Tom Wolfe was struck by the way hippies there “sought nothing less than to sweep aside all codes and restraints of the past and start out from zero.” In his essay “The Great Relearning,” Wolfe connects this to Ken Kesey’s pilgrimage to Stonehenge, inspired by “the idea of returning to civilization’s point zero” and trying to start all over from scratch and do it better. Wolfe predicted that history will record that Haight-Ashbury...
The Future of Free Enterprise
In a web exclusive preview to the latest issue of Renewing Minds, a new journal of Christian thought from Union University, Jordan Ballor considers the future of free enterprise: That the United States has been blessed with great prosperity is beyond argument. Even critics of the American system of government and economy admit that the system of free enterprise has been unmatched in its ability to generate wealth. As Hunter Baker notes, this reality has occasioned a shift in the...
The Pin that Might Pop the Higher-Ed Bubble
mented last week on the “textbook bubble” (here) and mented in the past on the “higher-ed bubble” and the character of American education more generally (see here, here, and here). To briefly summarize, over the last few decades the quality of higher education has diminished while the cost and the number of people receiving college degrees has increased. The cost is being paid for, in large part, through government subsidized loans. But with the drop in quality and increase in...
Another (Temporary) Advance for Religious Liberty
While its depressing that not being forced to violate one’s conscience is considered a victory, you take what you can get in the age of ObamaCare. So I’m thankful for the news that an appeals court imposed a temporary injunction against the Department of Health and Human Services from enforcing its contraception mandate on a privately owned business: Missouri business owner Frank O’Brien, who employs 87 people at O’Brien Industrial Holdings, alleged in the lawsuit that led to the injunction...
What Does Religion Have to Do With Presidential Politics?
In an interview for Carolina Journal Radio, Acton associate editor Ray Nothstine discusses the links between religion and presidential politics. ...
Video: Is Capitalism Catholic?
On Wednesday, Acton’s President Rev. Robert Sirico was interviewed by the Romebureau ofCatholic News Service regarding the work of the ActonInstitute. The Catholic News Service interview “Is Capitalism Catholic?” showcases the mission and influence which the Acton Institute has had on religious leaders’ socio-economic perspectives over its 22 years, including a clip from a meeting of U.S. Catholic bishops in which the Institute’s work on free market economics was both ed andcriticized. Rev. Sirico also explains some ofhis against-the-grain opinions...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved