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Understanding Capitalism
Capitalism rewards man with profit or punishes him with loss, depending on the merit of his actions. It expresses the freedom and rationality of human nature in an economic system. The capitalist system depends upon private property rights, the freedom of exchange and contract, sound money, and the rule of law that supports all of these through formal and informal structures. Such a system encourages innovation and morality along with economic prosperity.
Latest Articles

America’s Roman Heritage
June 5, 2025
As we get closer to our nation’s 250th birthday next year, it is worthwhile to consider what makes the American vision of liberty distinctive. This is a question of some magnitude, but one natural place to begin is by comparing it with its great republican predecessor: Rome. In our free online course, “The Rise and Fall of the Roman Republic,” Ken Calvert and Carl Young remark on the ...

Contingency of Orthodoxy
May 29, 2025
We tend to look back on the triumph of (what we now call) Nicaean orthodoxy as either historically inevitable or divinely providential. To many actors in the moment, however, this outcome would not have seemed so assured. As Jordan Wales explains in our free online course, “Theology 101: The Western Theological Tradition,” emperors and bishops continued to wrangle over Christology for many year...

The Healing Pain of Self-Knowledge
May 22, 2025
Self-love is something of a theme with our culture. Pop songs and influencers extol it, therapists recommend it, advertising campaigns capitalize on it. But there is, interestingly, no corresponding emphasis on self-knowledge. The great minds of antiquity would have us wonder whether we can truly love what we do not know. Aristotle grounds genuine self-love in self-knowledge because, he tells u...
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