The Growing Backlash against Globalization

Actonites know about all the benefits of globalization. Most of these benefits are economic but also have much greater and often unseen social impact as well. Increased international trade in goods and services promotes division of labor and an efficient use of scarce resources, resulting in lower-priced, higher-quality products. Continue Reading...

Fair Trade Futility

I was intereviewed for this article in yesterday’s New York Times, but I apparently didn’t make the cut. Nevertheless, in “Fair Prices for Farmers: Simple Idea, Complex Reality,” Jennifer Alsever does an excellent job bringing to light some of the dangers that are inherent with external and artificial adjustments to the price mechanism. Continue Reading...

Roots of Compassion

As mentioned in an earlier post, Acton was in Washington D.C. last week to honor the 2005 Samaritan Award-winning programs. But we managed to do a lot more than hold a reception for our honorees – almost all of them also met with members of Congress to impress upon them the value and importance of private charities in their communities. Continue Reading...

The White Man’s Burden

William Easterly, professor of Economics at NYU, has written a new book challenging the prevailing development orthodoxy of increased aid and the “big push” to combat poverty in the Third World. Continue Reading...

Benefits of Tort Reform

A recent NBER working paper, “The Effects of Tort Reform on Medical Malpractice Insurers’ Ultimate Losses,” argues that “The long run effects of reforms are greater than insurers’ expected effects, as five year developed losses and ten year developed losses are below the initially reported incurred losses for those years following reform measures.” A number of the specific changes in the history of tort law are discussed in Ronald Rychlak’s Trial by Fury: Restoring the Common Good in Tort Litigation, part of Acton’s Christian Social Thought Series. Continue Reading...

‘Solutions’

Go here for Acton’s new video, “Solutions,” which offers a real starting place for all of us who want to do something about poverty and hunger. Continue Reading...

A Golden Opportunity for ‘The Silver Ring Thing’

Touting the success of his faith-based initiative last week, President Bush noted that faith-based charities received more than $2 billion last year from the federal government. But even as Bush announced that the Department of Homeland Security would be the 11th agency to establish an office for the faith-based initiative, some groups are finding the money to be a mixed blessing. Continue Reading...

Among the Little Giants of Effective Compassion

Last Wednesday, I was privileged to attend the Samaritan Awards Gala in Washington, D.C. I have to say up front that Acton’s Effective Compassion events are probably the most enjoyable for me to attend because invariably one comes into contact with a group of very special, very dedicated people who are completely devoted to what our society would term “lost causes,” and having great success. Continue Reading...

Politics and the Pulpit

According to The Church Report, a new resource has been released which offers churches guidelines for keeping their activities and functions within the letter of the law. As non-profit organizations, churches are held to the same standard as registered charities and cannot engage in certain forms of public speech. Continue Reading...