The newest issue of the Journal of Markets & Morality has been published. The issue is available in digital format online and should be arriving in print in the next few weeks for subscribers. This issue continues to offer academic engagement with the morality of the marketplace and with faith and the free society, including articles on economic engagement with Pope Benedict XVI’s encyclical letter Caritas in Veritate, biblical teaching on wealth and poverty, schools as social enterprises, the Reformed philosopher Herman Dooyeweerd’s economic theory, and much more.
As we have done in the past, Jordan Ballor’s editorial is open access, even to non-subscribers. In “Between Greedy Individualism Editorial and Benevolent Collectivism” he examines the enduring impact of Michael Novak’s The Spirit of Democratic Capitalism, writing,
At the time of its publication, Novak’s work must have been like a window thrust wide open in a dank room, introducing a breath of fresh air and the sanitizing rays of sunlight. Against ideologies that posit state power as a neutral or even benevolent force arising of necessity against the rapaciousness of the market, Novak observed instead that it was democratic capitalism that arose first as a system designed to check the invasiveness of state tyranny. The “founders of democratic capitalism,” wrote Novak, “wished to build a center of power to rival the power of the state.” Indeed, “they did not fear unrestrained economic power as much as they feared political tyranny.” Still more would they fear the union of economic and political power that we find all too often today in corrupt and cronyist regimes.
The Acton Institute recently partnered with the Christian History Institute to produce the latest issue of Christian History magazine. The issue (which you can download as a free PDF) examines the impact of automation on Europe and America and the varying responses of the church to the problems that developed. Topics examined are mission work, the rise of the Social Gospel, the impact of papal pronouncements, the Methodist phenomenon, Christian capitalists, attempts at communal living and much more.
Check out these feature articles:
There’s an old proverb, “Necessity is the mother of invention.”
Life is often difficult, full of challenges, trials, and travails. But it is a testament to the human spirit, created in the image of God to mature and develop morally, spiritually, and intellectually, that in the face of such troubles human ingenuity often wins out. Brad Morgan, a dairy farmer turned fertilizer magnate featured in the documentary The Call of the Entrepreneur, put it this way: “You put your butt in the corner, you’ll be surprised what you can achieve.”
I was reminded of this insight in reading a story this week about a local company, National Nail Corp., whose recent experience embodies this reality. As Jim Harger writes, “When the bottom fell out of the home building industry in 2008, the National Nail Corp. was forced to regroup and diversify, says W. Scott Baker, president and CEO of the employee-owned company.”
One of the new products is called Camo, which “created a new way to nail down deck boards without having nails or screw heads poking through the surface to create slivers, pop up or discolor a deck surface.” As Baker puts it, “Camo was birthed when we found ourselves in a place where no one would have willingly gone.”
I’m not very handy, but Camo looks pretty cool to me.
When your butt is in a corner, you’ll be surprised what you can achieve.
This is an important lesson to remember, especially in the midst of economic turmoil and fiscal crisis. Yes, we live in an age of dizzying change, but with these changes also come new opportunities. God has given human beings the august responsibility to be moral agents, to work productively in service of others. Rather than bemoaning our fate when adversity comes, we ought to look forward in hope and creatively exercise those talents God has given us to find innovative new solutions to the myriad challenges facing the world today.
Samuel Gregg, director of research at the Acton Institute, recently joined Al Kresta of Ave Maria Radio to discuss Gregg’s new book, Becoming Europe.
Amity Shlaes, author of The Forgotten Man and Coolidge, said this about the book: “Gregg spotlights the perils of American progressive arrogance so clearly they can no longer be denied or ignored. His logic is incontrovertible. Every economist, historian, and politician should read Becoming Europe.”
Click on the button below to listen to the Kresta interview:
Becoming Europe is now available. You can purchase the hardcover or Kindle version here.
As we close out the year, we want to thank our PowerBlog readers for reading and contributing to our blog. If you’re a new reader we encourage you to catch up by checking out our top 10 most popular posts for 2012:
1. What’s Next in the Fight Against the HHS Mandate
Kyle Duncan, general counsel for The Becket Fund for Religious Liberty, gives us a glimpse of what is ahead in the fight for religious liberty regarding the Obama Administration’s HHS Mandate, given the outcome of Tuesday’s election.
“Forever stamps” are a form of non-denominated postage first introduced in 2006. The U.S. Postal Service recently issued a “Four Flags” version which “continues [the U.S. Postal Service's] tradition of honoring the Stars and Stripes.” But there seems something peculiar—even a bit ominous—about the new stamps.
3. Popes Say No to Socialism
Popes in Rome have attempted to steer the Catholic flock away from the “seductive” forces of socialist ideologies threatening human liberty, which since the late 1800s have relentlessly plucked away at ”the delicate fruit of mature civilizations” as Lord Acton once said.
4. How God Makes a Pencil
In 1958, Leonard Read published his brilliant essay, “I, Pencil.” The Competitive Enterprise Institute recently released a wonderful video that illustrates Read’s point that the creation of a pencil requires an unfathomable level of complexity and undirected cooperation.
5. Cristiada: A Story of Heroic Martyrdom
Truth be told, many of us had not heard much about the Cristeros War, the civil rebellion led by priests and laity to resist the total elimination of religious liberty in Mexico in the 1920s under marxist President Plutarco Calles.
The book, co-authored by Jeff Sandefer and Rev. Robert Sirico, has been called a “the modern ‘how-to’ for entrepreneurs working on accomplishing big things” by Andreas Widmer, and is a terrific book not only for adults but for young people.
The Kindle edition will only be free on Amazon until the end of this weekend, so get your copy soon.
Rev. Sirico will be on Fox News’ “Your World with Neil Cavuto” at 4:20 EST to discuss the school shooting in Newport, Connecticut.