Category: General

Mats Tunehag has written a blog highlighting the increased popularity and momentum of business as mission throughout the world. He cites an example that probably would not be the first to come to your mind, but is someone we are very familiar with here at Acton. Lady Margaret Thatcher was the recipient of this year’s Faith and Freedom Award. Mr. John O’Sullivan, who accepted the award on her behalf, described it as one that befits Lady Thatcher’s accomplishments in office and following as she tirelessly worked to advance the cause of faith and liberty.

Two things from the blog strike me as significant. One, Lady Thatcher’s remarks quoted in the blog come from 1988. This was well ahead of the current popularity and acceptance of business as mission in Christian circles. Second, is the response made by Jonathan Thornton mentioning Lord Griffiths of Ffastforach as a speech writer for Lady Thatcher. Lord Griffiths has spoken at Acton events and written a monograph. His influence upon economic matters is not insignificant.

For further reading on the topic of Business As Mission, please consider Work: The Meaning Of Your Life by Lester DeKoster and Our Souls At Work, edited by Mark Russell. Russell’s book is listed as the #1 resource from the Work As Worship conference held in Dallas this past November.

Painting by Ivan Kramskoi

Reflecting on the state of Russian philosophy among the intelligentsia of his day (the sectarian, Russian intellectuals “artificially isolated from national life”), Nikolai Berdiaev wrote in 1909,

There seemed every reason to acknowledge Vladimir Solov’ev as our national philosopher and to create a national philosophical tradition around him…. The philosophy of any European country could take pride in a Solov’ev.

That, however, was not the case. Why not? Berdiaev continues,

But the Russian intelligentsia neither read him nor knew him and did not regard him as one of their own. Solov’ev’s philosophy is profound and original, but it does not substantiate socialism. It is alien to both Populism and Marxism and cannot conveniently be turned into a weapon for the struggle against autocracy. Therefore, he did not furnish the intelligentsia with a suitable “world-view”….

The life and thought of Vladimir Solovyov are not easy to simply and accurately assess, but one thing is certain: as Berdiaev notes, “Solov’ev’s philosophy… does not substantiate socialism.”

In the most recent issue of Religion & Liberty, Vladimir Solovyov is profiled in the “In the Liberal Tradition” section. According to the article,

The thought world of Solovyov’s Russia, especially among the upper class of society, contained extremes of atheistic materialism which he set himself against in much of his work, finding favor and criticism in nearly all sectors of Russian society.

He was a man of strong moral and spiritual conviction, and as a consequence, he believed socialism to be “an antithesis” to the Christian faith, writing against it with biting criticism that the Marxist intelligentsia of his day, and afterward, simply could not bear.

Anyone interested may read the full article at our website.

If any scholars may be reading, I would also like to draw attention to a recent call for publications on Orthodox Christian social and economic thought for the Journal of Markets & Morality. Submissions on Solovyov, among others, would be welcome.

The quotes from Nikolai Berdiaev in this post above are taken from his essay “Philosophical Verity and Intelligentsia Truth” in the volume Vekhi, which can be found here.

A recent study by the Barna Group examines the generation gap within various Christian traditions in the United States. The Millennial Generation (roughly anyone currently 18-29 years old) has become increasingly dissatisfied with their Christian upbringing. According to the study,

… 84% of Christian 18- to 29-year-olds admit that they have no idea how the Bible applies to their field or professional interests. For example, young adults who are interested in creative or science-oriented careers often disconnect from their faith or from the church. On the creative side, this includes young musicians, artists, writers, designers, and actors. On the science-oriented side, young engineers, medical students, and science and math majors frequently struggle to see how the Bible relates to their life’s calling.

There is, it appears, an urgent need for Christian traditions to develop and employ a robust theology of vocation, especially with regards to arts and science related professions. Indeed, according to the article, “The Barna study showed that faith communities can become more effective in working with the next generation by linking vocation and faith.”

As a Millennial myself, I found the study especially fascinating. The approach when I was a teenager was that the bigger the sound system or video screen or the more “alternative” sounding the music, the more likely a church was to keep us around. Maybe I am not a good representative of my generation as a whole, but I remember finding this approach especially shallow and even a little insulting. I wanted a deeper faith, something that stands out from the world around me, not something nearly indistinguishable from it. Perhaps if more churches would take the time to show how the Gospel of Jesus Christ permeates all facets of life, especially our vocations, fewer of my peers would be leaving those churches behind.

The most recent issue of the Journal of Markets & Morality (14.1) contained two contributions in our Symposium section specifically on the subject of vocation. Anyone interested may read them here:

Gene Edward Veith, “Vocation: the Theology of the Christian Life”

Theology of Work Project, Inc., “Calling in the Theology of Work”

Blog author: kmarotte
Friday, December 16, 2011

Today, Acton launched a new vehicle for mobile donations. Friends of the Institute can make tax-deductible contributions via text message. Text LIBERTY to 50555 to make a $5 donation to Acton. When prompted, reply with YES to confirm the donation, which will then be added to your phone bill.

A generous donor has agreed to match all text donations 5-to-1 through the end of the year, multiplying the value of your donation. Give today and turn $5 into $30!

Message and data rates may apply. Full terms here.

Acton President Rev. Robert Sirico turns $5 into $30! Text LIBERTY to 50555 to make a $5 donation to Acton.


Acton’s director of research Samuel Gregg is up at Public Discourse, with a piece titled “Monetary Possibilities for a Post-Euro Europe.” With his usual mix of sophisticated economic analysis and reference to deep principles, Gregg considers European countries’ options should the eurozone fail. If that happens, he says, “European governments will have a once-in-a-lifetime opportunity to rethink the type of monetary order they wish to embrace.”

One such scenario is a three-way monetary division within the EU that reflects the differing political commitments and economic priorities of different nations. Germany and the more fiscally responsible eurozone members such as Austria, Finland, and the Netherlands could, for instance, decide to reconcile themselves to being the only ones with the necessary fiscal and monetary discipline to maintain a common currency.

Alongside this bloc would be two other groups. One would consist of those EU countries such as Britain, Sweden, and Denmark that have maintained their own monetary systems because of reservations about the euro’s implications for national sovereignty. Another group would include EU nations such as Greece, Portugal, and Italy that are simply unable or unwilling to embrace the disciplined monetary and fiscal policies required by a common currency; these nations would consequently find themselves outside the eurozone and reverting to their national currencies.

A more radical monetary opportunity for a post-euro EU would be currency competition. This was once proposed by Britain’s Margaret Thatcher as an alternative to the present common currency. Contemporary proposals for currency competition, such as that advanced by Philip Booth and Alberto Mingardi, involve the monetary authorities of different countries authorizing the use of currencies alongside the euro in domestic settings other than their own. Consumer choice rather than state sovereignty would thus ultimately determine which currencies were used.

Yet another option would be the embrace of what might be called a European gold standard. In the 1950s and 1960s, the German economist Wilhelm Röpke argued that European monetary integration could occur via a nucleus of countries agreeing to adhere to a gold standard, much as had happened somewhat spontaneously in the nineteenth century through a process of unilateral decision-making by individual countries. Once this had occurred, adherents of such a gold standard would have to insist upon all members maintaining monetary discipline as well as freedom and stability in foreign exchange markets.

The stability of the European currency would be assured not by EU bureaucrats, but by the gold standard itself, and by allowance for the expulsion of countries that abuse their big-boy privileges.

Britain just rejected an EU treaty because the Conservative Party decided Brussels was trying to capitalize on the Mediterranean crisis by grabbing more power. The three proposed currency models, Gregg argues, would maintain countries’ freedom by yanking monetary power from central bureaucrats who exercise political power. He reflects further on the composition and history of the eurozone, on the countries’ political and economic freedom, and on what Röpke would have to say in the rest of the piece.

In this week’s Acton Commentary, I examine Jesus’s famous parable of the Lost Sheep in the context of the Occupy Wall Street movement.

In the Gospel of Luke, Jesus tells the parable after some people grumble about him eating with “tax collectors and sinners.” Tax collectors at the time had a bad reputation of unfair business practices and government ties. Yet, Jesus tells the parable of a man who left ninety-nine sheep to find the one that went missing in order to caution his detractors about marginalizing even these tax collectors.

In light of this, does the “we are the 99%” rhetoric of the Occupy Wall Street movement, which implicitly insinuates that anyone in the top 1 percent has gotten there unjustly, amount to shunning the lost sheep (and others) of our society today? Read this week’s Acton Commentary for more.

Image Credit:

Creative Commons Attribution-Share Alike 3.0

Unported Author: Another Believer

Blog author: dpahman
Wednesday, November 23, 2011

In a recent BBC article, Sean Coughlan reports a novel idea from Oxford academic Will Crouch,

He argues that someone becoming an investment banker could create sufficient wealth to make philanthropic donations that could make a bigger difference than someone choosing to work in a “moral” career such as an aid charity.

Indeed, there seems to be an ever increasing suspicion, even among Christians, that certain career paths are per se more moral than others. However, as Fr. Robert Sirico writes in The Entrepreneurial Vocation,

Every person created in the image of God has been given certain natural abilities that God desires to be cultivated and treated as good gifts. If the gift happens to be an inclination for business, stock trading, or investment banking, the religious community should not condemn the person merely on account of his or her profession.

This is unfortunate, to say the least. Crouch argues that if more ethically inclined individuals would pursue careers in banking, for example, they would significantly increase the resources at their disposal to help those in need. According to Crouch,

The direct benefit a single aid worker can produce is limited, whereas the philanthropic banker’s donations might indirectly help 10 times as many people.

Using some basic, ball-park calculations, he estimates that “an ethically inclined banker who donated half their income could save 10,000 lives” throughout their working lifetime. What might be the difference in our neighborhoods, country, and world if more charitably inclined people were open to business related careers? Certainly, it is not everyone’s gift, and there is nothing wrong or deficient about being a social worker, for example, but perhaps there are some who have avoided such a path, such a calling, simply because of an unfair stigma.

Will Crouch offers a different perspective:

We are calling on people to be like Robin Hood, but by earning the money rather than stealing it.

A novel idea, if you ask me.