According to AEI author Mark Perry, there is another education-related “bubble” to worry about: the textbook bubble. He writes that this textbook bubble “continues to inflate at rates that make the U.S. housing bubble seem relatively inconsequential by comparison.” He continues, “The cost of college textbooks has been rising at almost twice the rate of general CPI inflation for at least the last thirty years.” Given that many students use loan money to purchase books as well as pay for classes, we might think of this as one of the many sources pumping air into the student debt bubble. But what choice do students (or professors, for that matter) have than to surrender to the textbook “cartel,” as Perry characterizes it? This bubble popping, while a bad thing for the textbook bubble-boys committed to the old, cartel-style model, could be a small relief and contribute to slowing the growth rate of the student debt bubble. (more…)
Ann Schneible, who interviewed Rev. Robert A. Sirico for Vatican Radio today (see PowerBlog post for audio) also published an interview with the Acton Institute president and co-founder on the Catholic news site, Zenit. Excerpt:
ZENIT: In response to those Christians and Catholics who are hesitant about buying into the idea of a free market economy, how can one demonstrate that there are elements to a free market – or Capitalist – economy which are compatible to Catholic social teaching?
Father Sirico: There are a number of elements that can make the connection. I keep going back to this anthropological question because that’s the beautiful way to do it. I think it was Chesterton who said that Catholicism is the religion of stuff, by which he was really addressing the Incarnational nature of the Church. We have incense, and bells, and candles, and vestments, and all these things. In other words – in a non-liturgical context – the material world is good. We see that in the book of genesis. And God places us in the material world and asks us to pursue sanctity there.
The moment he places us in the material world, he places us in the context of limitations and scarcity. This gives rise to economics – which means that we have to find a way that is in accord with our nature, that is ethical, that is appropriate, that is effective – to make use of nature for the glory of God. It is in the same way an architect who studies geometry uses that geometrical precision and technique to build the façade of a cathedral, and thereby rendering praise to God. So too in a different way, the entrepreneur, who discovers the use of something or the combination of other things and represents and organizes them and creates a network and a marketing campaign to build a business, that that architectural construct ends up sustaining many families who participate in that, and sustain many consumers in the sense that they buy a good or a service at a higher quality and for a lower price than they would have otherwise, thereby giving their family a little more money to use at their discretion; all of these things, too, can be considered rendering nature for the glory of God. And that’s enterprise; that’s business. I don’t like the word “capitalism” because I think it’s too narrow a word. I like “free economy,” or “free market.”
Read “A Moral Case for a Free Economy — Acton Institute’s Co-founder Explores Free Market Economy in New Book,” an interview by Ann Schneible on Zenit.
On Vatican Radio, Acton President and co-founder Rev. Robert A. Sirico discusses his new book Defending the Free Market: The Moral Case for the Free Market Economy with reporter Ann Schneible.
According to Vatican Radio, the broadcasting station of the Holy See:
… Fr Sirico highlighted his objectives in writing this book. Defending the Free Market, he said, was written “with the intention of making accessible economic ideas that I thought were important in general terms; but, in particular, especially for religious people, to understand there is what we call a normative or moral dimension to economic activity.”
“It’s not just, live by the Ten Commandments and open a store,” Fr Sirico explained, but he wanted to demonstrate “that there’s something more internal to the whole dynamism of a market economy that makes sense both economically and morally.”
Click on the media player below to listen to Schneible’s full interview with Rev. Sirico:
Review of Silent Spring at 50: The False Crises of Rachel Carson. Edited by Roger Meiners, Pierre Desrochers, and Andrew Morriss (Cato, 2012)
During the 50 years following the publication of Rachel Carson’s Silent Spring, much has been written to discredit the science of her landmark book. Little, however, has been written on the environmentalist cult it helped spawn.
Until Silent Spring at 50, that is.
Subtitled “The False Crises of Rachel Carson,” Silent Spring at 50 is a collection of essays specially commissioned by the Cato Institute and edited by Roger Meiners, Pierre Desrochers and Andrew Morriss. Much like Roger Scruton’s recent How to Think Seriously About the Planet: The Case for Environmental Conservatism, the essays present a unified indictment not necessarily of Carson per se but of the disastrous results wrought by the policies she inspired.
In “The Lady Who Started All This,” environmentalist William Kaufman presents an admiring portrait of Carson as a scientist who unfortunately took a left-turn from her previous works — based on objective, empirical research — when she endeavored to write Silent Spring shortly after her cancer diagnosis. For this ill-conceived approach, Kaufman blames Wallace Shawn, the New Yorker editor who prompted Carson to abandon her “disinterested scientist” voice in favor of a more “adversarial” tone. Since the famous editor signed Carson’s check, the author readily complied. (more…)
Pravmir.com, a Russian site, has published an English translation of an interview given by Archpriest Nikolai Chernyshev, who is identified as “the spiritual father of the Solzhenitsyn family during the final years of the writer’s life.” The interview touches on Aleksandr Solzenitsyn’s upbringing in a deeply religious Russian Orthodox family, his encounter with militant atheism ( … he joined neither the Young Pioneers nor the Komsomol [All-Union Leninist Young Communist League]. The Pioneers would tear off his baptismal cross, but he would put it back on every time). Fr. Chernyshev describes the writer’s later “period of torturous doubt, of rejection of his childhood faith, and of pain.” The priest talks of Solzhenitzyn’s return to the faith after his experience in the Gulag and how “he suffered and fretted about the Church being in a repressed state. For him this was open, obvious, naked, and painful.” Excerpt from the interview:
Today many people remember the writer’s famous “Lenten Letter” to Patriarch Pimen (1972) and say that Solzhenitsyn expected, and even demanded, greater participation by the Church in society. What were his views in this regard at the end of his life?
Fr. Chernyshev: Solzhenitsyn was one of those people who could not remain silent; his voice was always heard. And, of course, he was convinced that the Savior’s words Go ye into all the world, and preach the gospel to every creature should be fulfilled [Mark 16:15]. One of his convictions, his idea, was that the Church, on the one hand, should naturally be separate from the government, but by no means should be separate from society.
He felt that they are quite different, that they are completely opposite things. Its inseparability from society should become more and more manifest. And here he could not but see the encouraging changes of recent years. He joyfully and gratefully took in everything positive taking place in Russia and in the Church – but he was far from complacent, since all of society had become twisted and sick during the years of Soviet rule. (more…)
I’m sick of hearing that Catholic teaching regarding sex and marriage is one thing, in that old-fashioned trinket box over there, while Catholic teaching regarding stewardship and our duties to the poor is another thing, on that marble pedestal over here. I’m sick of hearing that Catholic teaching regarding the Church and her authority is one thing, the embarrassing Latinate red-edged tome tucked away in that closet, while Catholic teaching regarding the laity is another, and pass that bread this way! No, it is all of a piece. What the Church says about divorce is inextricable from what she says about the poor. What she says about the presence of Christ in the Eucharist is inextricable from what she says about the respects in which all men are created equal—and the many respects in which she insists upon a salutary inequality. When we fail to see the integrity of the faith, not only do certain truths escape our notice; the rest, the truths we think we see, grow monstrous, like cancers, and work to destroy the flesh they once seemed to replace.
This is the first in a series of articles on Catholic Social Thought. Esolen addresses the issue of “imposing our morality” on our neighbors, what Pope Leo XIII really had in mind when discussing socialism, and why asking Michelangelo to promote porn isn’t a justifiable idea. If the rest of the series is anything like this article, it’ll be a real treat.
Certainly all three are fantastic and important reads that incorporate thematic elements relating to theology, philosophy, history, politics, economics and astronomy. It’s “Science Fiction,” but only in the same way that the Bible is “just a bunch of God’s rules.” These three books are bigger than any one genre and the Sci-fi label should not deter a single one of you from digging in.
But the reason I choose to highlight That Hideous Strength here at the blog of an organization dedicated to the advancement of limited government and “the free and virtuous society” is because Lewis tackles these very things in its pages. The novel’s various sub-plots give it its depth and richness, but the “A-story” is that of one progressive organization’s - The National Institute of Coordinated Experiments (or N.I.C.E) – rise to power under the guise of “we simply want to help humanity move forward by centralizing power and allowing our philosopher-kings and experts to run things.” Sound familiar?
The deification of science. The religion of progress. The manipulation of the electorate via the press. The group-think of intellectuals at prestigious institutions of learning. The bizarre combination of insisting that you speak for the “common man” while at the same time despising him for his common and unsophisticated ways. The mockery of patriotism. The undermining of the Church and the family.
And at the heart of it all: mankind’s pride and defiant, fallen nature. The desire to supplant the Almighty and do what we can to avoid His holy gaze.
I’m telling you, That Hideous Strength is the most important novel you’ve never read. If you care about the things that The Acton Institute cares about, this is your book.
Happy Thanksgiving to you and yours!
According to a recent Pew Center report, “Record levels of bachelor’s degree attainment in 2012 are apparent for most basic demographic groups.” 33% of 25- to 29- year-olds are completing both high school and college. According to the report, this number is up from five years ago and at record levels for the United States in general. But what does it mean? Statistics like these are constantly being produced, but they are no good to us if we do not know how to interpret them. After attending the joint Acton/Liberty Fund conference this past weekend on Acton and Tocqueville, I have Tocqueville on the brain and wonder if, perhaps, he might have some insights that are still relevant today. (more…)
Prepping for the joint Acton/Liberty Fund sponsored conference that begins tonight: Religion & Liberty: Acton and Tocqueville, part of Acton’s Liberty and Markets program, I came across the following thought-provoking quote from Alexis de Tocqueville:
The civil and criminal legislation of the Americans knows only two means of action: prison or bail. The first action in proceedings consists of obtaining bail from the defendant or, if he refuses, of having him incarcerated; afterwards the validity of the evidence or the gravity of the charges is discussed.
Clearly such legislation is directed against the poor and favors only the rich.
A poor man does not always make bail, even in civil matters, and if he is forced to await justice in prison, his forced inactivity soon reduces him to destitution.
A wealthy man, on the contrary, always succeeds in escaping imprisonment in civil matters; even more, if he has committed a crime, he easily evades the punishment awaiting him: after providing bail, he disappears. So it can be said that for him all the penalties of the law are reduced to fines. What is more aristocratic than such legislation? (more…)
Here is the comment posted this this morning on the National Catholic Reporter article titled, “Statement on economy denounced by archbishop fails to pass.”
Full statement follows:
An important clarification.
Archbishop Fiorenza’s assertion that the Acton Institute views Rerum Novarum as “no longer applicable today” is incorrect. The archbishop is most likely basing this claim on a June 2012 America Magazine blog post by Vincent Miller titled, “Sirico Completely Wrong on Church’s Social Teaching.”
In the post, Miller cites an interview Fr Robert Sirico, president of the Acton Institute, did with the New York Times on a story about Duquesne University and the attempt by adjunct professors to organize a union there. Miller claimed that Fr Sirico’s comment to the Times was “astounding in its ignorance or mendacious misrepresentation of the basis for the Church’s support for unions.”
To which Fr Sirico replied on the Acton PowerBlog:
“Anytime I can get a progressive/dissenting Catholic magazine/blog like the Jesuit-run America simultaneously to quote papal documents, defend the Magisterium of the Catholic Church, embrace the Natural Law and even yearn for a theological investigation “by those charged with oversight for the Church’s doctrine” of a writer suspected of heresy, I consider that I have had a good day.”
And further on:
Mr. Miller jumps to the conclusion that by saying that Leo’s observations of the circumstances for workers in 1891 were historically contingent, I am somehow arguing that what Leo said has no bearing today. Now, that is a particularly odd reaction because the entire thrust of Leo’s encyclical, beginning with its title, was precisely aimed at looking around at the “new things” (Rerum Novarum) that were emerging in his day, and reflecting upon them in the light of Scripture, Tradition and the Natural Law. If the situation in Pittsburgh and the graduate students teaching part time courses in 2012 is remotely comparable to the subsistence living conditions under which many workers lived in the latter part of the 19th century, this has somehow escaped my notice.
Nonetheless, I am delighted to see Mr. Miller is vigilant about the Church teaching and his citations from magisterial texts; not a single line of any of those cited do I disagree with.
Read the whole thing here.