Acton Institute Powerblog Archives

Christian Social Thought

New Report: Orthodox Monastic Communities in the United States

The Assembly of Canonical Orthodox Bishops of North and Central America has published a new report on Orthodox Monastic Communities in the United States (here). The report contains a lot of great information (“great” for nerds like me, anyway), including a whole section entitled, “‘Monastic Economy:’ Ownership of Property and Sources of Income in US Orthodox Monasteries.” According to the report, In summary, the three most common sources of income in US Orthodox monasteries are: Occasional private donations including bequests and offerings for performed sacraments (87% of all monastic communities mentioned this source of income); Sale of religious items (except candles) that are not produced by monastery (52% of all monastic communities mentioned this source of income); Production and sales of candles (24% of all monastic communities mentioned this source of income). Continue Reading...

Book Giveaway: Win All 4 Primers on Faith, Work, and Economics!

Through Christian’s Library Press, the Acton Institute has published four tradition-specific primers on faith, work, and economics, including Baptist, Wesleyan, Pentecostal, and Reformed perspectives. Each offers a distinct contribution to the subject, and when taken together provides a rich and coherent framework for Christian stewardship. Continue Reading...

How Puritans Became Capitalists

In his book, Heavenly Merchandize, Mark Valeri, professor of church history at Union Presbyterian Seminary, finds that the American economy as we know it emerged from a series of important shifts in the views of Puritan ministers: IDEAS: You’re saying that the market didn’t rise at the expense of religion, but was enabled by it? Continue Reading...

Thomas Merton on Marxism and Monasticism

A friend of mine recently shared this short clip of Thomas Merton’s last lecture. He has some interesting things to say about communism and monasticism, as well as what is clearly a sly promo for Coca-Cola at the end. Continue Reading...

Monks and Markets

Not Abba Pistamon Today at Ethika Politika, I examine some ancient economic wisdom from one of the desert fathers: Abba Pistamon. Far from the newest of Nintendo’s Pokemon monsters (despite the sound of his name), Abba Pistamon was one of the first Christian monks. Continue Reading...