Industry – Page 2 – Practical Distributism

Distributism Basics: Foundational Principles

20 August, 2020

I am happy to announce the publication of my new book, Distributism Basics: Foundational Principles. This is an exploration of some of the core principles underlying the distributist idea. My previous Distributism Basics series of articles[1] was a very generalized introduction to the historical background of the modern distributist movement, with some explanations of how … More Distributism Basics: Foundational Principles

Reflections on the Quarantine

16 April, 2020

People all around the world have been in a quarantine lock down due to the Covid-19 virus outbreak for about a month. In some areas, families can go for walks, while in other areas people are only allowed to go outside for things like getting food. This crisis imposed isolation, called “social distancing,” is raising … More Reflections on the Quarantine

The Cost of Comparative Advantage

6 March, 2020

The advocates of Free Trade deals between countries frequently cite the fact that more products are made available at a lower cost to consumers as proof that their idea makes economic sense. Their explanation of how this works rests on the idea of Comparative Advantage,[1] the idea that one country can produce a good at … More The Cost of Comparative Advantage

Three Questions on Distributism

17 October, 2019

by Joseph L. Grabowski Practical Distributism would like to thank Joseph L. Grabowski for permission to republish the following article. It was originally published on his own blog, which can be found here. Question 1 27 September, 2019 A questioner wrote to me with three questions following my recent podcast recording on Distributism, and … More Three Questions on Distributism

What is an embedded economy?

7 October, 2019

by Thomas Storck Probably nearly everyone would assent to the statement that the economy is meant to serve society, not the other way around. But despite the verbal acquiescence that would most likely be given to this statement, it is my contention that in fact for capitalist modernity most often the very opposite is true: … More What is an embedded economy?

What They All Get Wrong About Tariffs

21 August, 2019

When President Trump chose to impose tariffs on China, there were various reactions. Some economic schools praised him because they believe tariffs will improve the American job market in those industries currently heavily outsourced to Chinese labor. Free market libertarians, typically representing the Austrian school of economics, berated him because they believe tariffs are terrible … More What They All Get Wrong About Tariffs