Economics

April 15, 2014

It’s Tax Day: How Generous Do You Feel?

It’s tax day, and though I’m sure you’ve already begun your revelry, I suggest take a moment of silence to relish that warm, fuzzy feeling we get when pressured to pay up or head to the Big House. Continue Reading...

April 10, 2014

How Bitcoin Could Help the World’s Poor

Bitcoin is dead, long live Bitcoin. A few weeks ago the IRS killed off any chance that Bitcoin could become a mainstream currency. That’s probably for the best since it clears the way for it to become something much more important: the world’s first completely open financial network. Continue Reading...

April 10, 2014

Lessons in creative destruction from ‘Mike Mulligan and His Steam Shovel’

Creative destruction can be a painful thing, particularly when you’re the one being destroyed. I’ve been-there done-that, and when things hit, I can’t say that I cared too much about Joseph Schumpeter and his fancy ideas. Continue Reading...

April 09, 2014

Is It Even Possible To Be Both Pro-Business and Pro-Market?

In his latest column for National Review, Jonah Goldberg notes the difference between being pro-business and pro-market and says the GOP can’t have it both ways anymore: Just to clarify, the difference between being pro-business and pro-market is categorical. Continue Reading...

April 09, 2014

The ‘Transformational Quartet’ of Christian Stewardship

“Christian discipleship is nothing less than conformity to Christ—as individual believers and as local communities,” writes Charlie Self in Flourishing Churches and Communities, CLP’s Pentecostal primer on faith, work, and economics. Continue Reading...

April 08, 2014

Radio Free Acton: A Catechism for Business

What is the end – the goal – of business anyway? Is it to merely maximize a profit or to do good, or some balance between the two? And what exactly does it mean for a business to “do good”? Continue Reading...

April 04, 2014

Mozilla’s Statement of Faith and the Altars of Conformity

Brendan Eich, Mozilla co-founder and creator of the JavaScript programming language, was recently appointed as Mozilla’s chief executive. Just one week later, however, he was pressured to resign. His iniquity? Donating $1,000 in support of Proposition 8, a measure whose basic aim was entirely consistent with the beliefs of Barack Obama at the time. Continue Reading...

April 04, 2014

No, the Pope doesn’t need distributism (because nobody does)

Pope Francis needs distributism, argues Arthur W. Hunt III in the latest issue of The American Conservative. Hunt says that Americans and popes alike can embrace a humane alternative to modern capitalism: In the midst of their scramble to claim the new Pope, many on the left missed what the Pontiff said was a nonsolution. Continue Reading...

April 02, 2014

Oikonomia: A Holistic Theology of Work in One Flowchart

The following flowchart comes from “Theology That Works,” a 60-page manifesto on discipleship and economic work written by Greg Forster and published by the Oikonomia Network. Given our tendency to veer too far in either direction (stewardship or economics), and to confine our Christian duties to this or that sphere of life, the diagram is particularly helpful in demonstrating the overall interconnectedness of things. Continue Reading...

April 02, 2014

Samuel Gregg on Just Money

“If a society regards governmental manipulation of money as the antidote to economic challenges,” writes Acton research director Samuel Gregg at Public Discourse, “a type of poison will work its way through the body politic, undermining justice and the common good.” Continue Reading...

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