Overproduction and stewardship

Lester DeKoster (1915 – 2009) | Acton Institute Overproduction, simply put, is supply in excess of demand. It is the production of more goods and services than those in the market would like to purchase.  Continue Reading...

Patriotism, Politics and Christianity

We have plenty to celebrate this 4th of July. Between the outrageous actions of legislators, controversial supreme court decisions and the upcoming presidential election, every day the news is bombarded with stories and opinions that do not coincide with biblical convictions. Continue Reading...

Natural rights and social duties

Fourth of July Celebration in Centre Square, Philadelphia (1819) “Liberty is not the power of doing what we like, but the right to do what we ought.” – Lord Acton Today, people across the United States will march in parades, set off fireworks, and don red, white, and blue to huge family cookouts, all in celebration of the adoption of the Declaration of Independence. Continue Reading...

The immorality of tariffs

Abraham Kuyper (1837 – 1920) | Wikimedia Commons The benefits of free trade are vast, and enjoyed throughout the world.  The alternative — trade restricted by protective tariffs and quotas — concentrates benefits to a protected few who profit due to less competition from foreign competitors. Continue Reading...

Why the Market Needs the Family

The Family & the Market, an Acton University lecture by Jennifer Roback Morse, uses Christian theology and logic to illustrate unique connections between seemingly unrelated aspects of society, at least to the secular world. Continue Reading...

The unintended consequences of clothing donations

Women sort through clothes at the Texool factory January 6, 2016 in Kutch, Gujarat. Allison Joyce for the Wall Street Journal A recent article in the Wall Street Journal focuses on the market for the global clothing donation and recycling industry, centering on the trade from the United States to India. Continue Reading...

Understanding Austrian economics

Carl Menger (1840-1921) | Wikimedia Commons The central theme of the Austrian tradition, which might better be called the liberal tradition, is that society runs itself. This is strongly linked to the idea of freedom in the liberal sense, meaning the opportunity for the individual to advance and to create wealth. Continue Reading...