This paper argues that the founding fathers of the tradition of Scottish Enlightenment natural jurisprudence, Gersholm Carmichael (1672–1729) and Francis Hutcheson (1694–1746), articulated a view of rights that is pertinent to the contemporary dominance of the language of rights. Maintaining a metaphysical foundation for rights while drawing upon the early-modern Protestant natural law tradition, their conception of rights is more significantly indebted to the pre-modern scholastic natural law tradition than often realized. This is illustrated by exploring some of the background (...) to their respective theories of rights, detailing the precise reasoning that Carmichael and Hutcheson brought to bear upon their conception of rights, and then exploring their application of their understanding of rights to the question of property. (shrink)

Jacques Rueff was a leading twentieth-century French classical liberal. Actively involved in academic life, a prominent monetary theorist, and one of the first international critics of John Maynard Keynes, Rueff played a central role in French public life and economic policy as a civil servant before World War II. A prolific author, most notably of his influential L’Ordre social (1945), Rueff was a major contributor to postwar conservative liberalism, the architect of Charles de Gaulle's economic stablization program of 1958, and (...) the world’s foremost defender of the classic gold standard. (shrink)

In the wake of the financial crisis of 2008 and ongoing debt-related troubles there have been widespread calls to put banking and economic activity on a secure ethical foundation, either by regulation or through voluntary reform. In this volume a distinguished set of authors explore various economic, philosophical, and ethical ideas from historical, contemporary, and future-looking perspectives. At the core are two related ideas much mentioned but far more rarely examined: the idea of natural law and that of the common (...) good.In these essays the foundations and meaning of these notions are carefully studied and put to work in examining the nature and scope of ethics in relation to global economics. (shrink)

Despite having been underlined as contrary to established fact, the myth that there is a causal link between Protestantism and the emergence of capitalism persists in the popuar imagination as well as the academy. This article illustrates where Max Weber’s theory contradicts all the available historical evidence concerning the emergence of free economies in the West. It shows not only where Weber’s theory is unable to account for the emergence of capitalist practices and thinking before the Reformation, but also the (...) manner in which capitalism’s development in the post-reformation era contradicts Weber’s theory. It then turns to illustrating the ways in which medieval Catholicism contributed to the emergence of the cultural and institutional prerequisites of post- Reformation capitalism, and the manner in which post-Reformation political and religious developments contribute to the emergence of merchantilist and protectionist practices that inhibited economic liberty.Bien qu’ayant été considéré comme contraire au fait établi, le mythe selon lequel il y aurait un lien causal entre le Protestantisme et l’émergence du capitalisme persiste dans l’imagination populaire aussi bien que dans le corps académique. Cet article illustre où la théorie de Max Weber est en contradiction avec toutes les évidences historiques disponibles concernant l’émergence des économies capitalistes en Occident. Il montre non seulement où la théorie de Weber est incapable de prendre en compte l’émergence de pratiques capitalistes et des pensées avant la Réforme, mais aussi la manière dont le développement du capitalisme durant la période suivant la Réforme contredit la théorie de Weber. Il illustre ensuite les manières dont le catholicisme médiéval contribua à l’émergence des pré-requis culturels et institutionnels au capitalisme de l’ère qui suivit la Réforme, et la manière à travers laquelle les développements politiques et religieux postérieurs à la Réforme contribuèrent à l’émergence de pratiques mercantilistes et protectionnistes qui inhibèrent la liberté économique. (shrink)

On Ordered Liberty goes beyond the liberal and conservative divide, asking its readers to think about the proper ends of human choice and actions in a free society. Beginning with the insights of Alexis de Tocqueville and some natural law sources, author Samuel Gregg suggests that integral law must be distinguished from most contemporary visions of freedom. This requires, he believes, a complete repudiation of utilitarian ideas as incompatable with human nature and further analysis of the basic but often neglected-question: (...) what is man? (shrink)

Essays in the ethics of business and management.