Suchergebnisse

"A memo that changed the course of history" -- From "Free Labor" to "Free Enrerprise" -- Free enterprise versus the New Deal order -- A "Beautiful but Much-Abused Phrase" -- "The party of free enterprise" -- "Faith in free enterprise" -- "Free enterprise needs restatement to suit our modern needs" -- From public spending to "Entitlements" -- Epilogue.

In Capitalism and Commerce, Edward Younkins provides a clear and accessible introduction to the best moral and economic arguments for capitalism. Drawn from over a decade of business school teaching, Younkins's work offers the student of political economy and the educated layperson a clear, systematic treatment of the philosophical concepts that underpin the idea of capitalism and the business, legal, and political institutions that impact commercial enterprises. Divided into seven parts, the work discusses capitalism and morality; individuals, communities, and the role of the state; private a

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In the wake of the Enron and WorldCom accounting scandals, Congress created the Public Company Accounting Oversight Board ("PCAOB") under the aegis of the Securities and Exchange Commission ("SEC"), with President Bush's support. Its purpose was to replace deficient accounting industry self-regulation with effective external regulation. The choices it made in doing so engendered passionate arguments about constitutionally necessary presidential authority and separation of powers. These divided the D.C. Circuit 2-1 and will be rehearsed before the Supreme Court in the coming weeks. President Bush's administration defended those choices; Judge Rogers, writing for the majority, found no valid constitutional objection to them (albeit not without some difficulty). On the other side, petitioners the Free Enterprise Fund and Judge Kavanaugh in dissent marshaled strong arguments that, if accepted in their entirety, would put the constitutionality of a wide range of government institutions in shadow. Starting with the constitutional text, and seeming almost to regard the cases as a nuisance to an intermediate court judge, Judge Kavanaugh's opinion is an open invitation to the originalists on the Court. The grant of certiorari, after extensive filings venturing far more deeply into the merits of the case than, in the writer's experience, is generally supposed to happen, suggests that the newly reconstituted Court could well prove sympathetic.

The present paper demonstrates that there was a sea change of opinion amongst Catholic theologians, in general, and Jesuits in particular, on the issues of private property, economic regulation of the economy and free enterprise. The earlier members of this Order, stemming from the School of Salamanca in the 16th century at the time of the founding of the Society of Jesus, in the main favored economic freedom; their modern successors, with some minor exceptions, take the opposite point of view. Several hypotheses to account for this phenomenon are then raised and discussed.