by Thomas Storck Continued from Part 1 There are many supposed facts of economic life that any student of economics, or even any observer of political and economic news, is familiar with, matters such as unemployment, corporate mergers and acquisitions, labor relations, business cycles, and so on. I call these supposed facts, not because they … More Distributism and Capitalism: Some contrasting features – Part 2

by Thomas Storck G. K. Chesterton’s younger brother, Cecil, gave what is probably the most succinct definition of distributism, or rather of a distributist in an article he wrote in 1917. A Distributist is a man who desires that the means of production should, generally speaking, remain private property, but that their ownership should be … More Distributism and Capitalism: Some contrasting features – Part 1

by Thomas Storck Continued from Part 1 Next let us look at the question of cyclical unemployment, that type which comes about “when the overall demand for labor is low” because of a business cycle downturn. I am afraid my argument will seem hopelessly naive to most economists. But that does not mean that it … More Why Unemployment is a Pseudoproblem – Part 2

  By Thomas Storck Unemployment a pseudoproblem? By calling it that, I do not mean that unemployment does not exist, or that it is not a very serious concern for the unemployed, their families and for society as a whole. What I mean and will argue here is that unemployment is not something natural to … More Why Unemployment is a Pseudoproblem – Part 1