Two more thoughtful reviews of Jordan Ballor’s Ecumenical Babel: Confusing Economic Ideology and the Church’s Social Witness are in. Ross Emmett says that, “those concerned about the role of the church in the world today can learn a lot by reading and reflecting on Ballor’s excellent critique of the ecumenical movement’s political economy.” And in the new issue of the Journal of Markets & Morality, Thomas Sieger Derr agrees with Jordan that the ecumenical movement should be “appropriately circumspect in its ethical pronouncements on specific matters of public policy.”

Read more on Talking About Babel…

Lord Acton: “There is not a more perilous or immoral habit of mind than the sanctifying of success.”

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Billy Graham says he “would have steered clear of politics”
By Chris Herlinger

Read more on Pastoring Politicians and the Sanctifying of Success…

When we think of rule of law failure, countries like Zimbabwe and Somalia come to mind. But as Acton Research Director Samuel Gregg points out in his latest piece over at Public Discourse, rule of law can also be subtly eroded in wealthy countries. The negative consequences for risk-taking, entrepreneurship, and long term investment, he says, can be far-reaching.

Read more on Risk, Uncertainty, and Rule of Law…

There was a good deal of discussion in the media over “unfair” executive compensation, especially in light of the bonuses, golden parachutes, and other forms of remuneration received by CEOs during the bailout.

Read more on The Golden Mean and the Problem of Executive Compensation…

I’ve issued a call for publication for a special issue of the Journal of Markets & Morality to appear in the Fall of 2011 (14.2). The details are below, and you can download and circulate a PDF as well.

Read more on CFP: Modern Christian Social Thought (JMM 14.2)…

An interesting report in The Economist on the rise of flashy and free spending entrepreneur “gazillionaires” in India and China and how they are perceived:

In much of India, life is getting perceptibly better each year. Wealth per person has vaulted by 150% in the past decade, from $2,000 to $5,000. Many Indians think the nation’s entrepreneurs deserve some of the credit. In Dharavi, a slum outside Mumbai, an illiterate mother called Aruna sits in her tiny one-room flat, which is home to ten people. Asked how she feels about the rich, she says: “They have worked hard. And we must work hard, too.” Her eldest daughter has a job entering data at a bank. The next one is studying diligently. The family may be near the bottom of the ladder, but it sees a way up.

Read more on What Indians and Chinese make of their tycoons…

Radio Free Acton hits the web once again today, this time featuring an exchange between Hunter Baker, author of The End of Secularism, and Jonathan Malesic, author of Secret Faith in the Public Square: An Argument for the Concealment of Christian Identity. Their conversation continues an exchange begun in the Controversy section of the latest issue of Acton’s Journal of Markets & Morality. Should Christians be overt about their faith when operating in the public square, or should Christian identity remain concealed in order to protect the faith from being drained of any real meaning? Baker and Malesic provide some thought-provoking perspectives on this vital question. [Ed. note: As an exclusive for PowerBlog readers, you can read the Malesic/Baker controversy in the Journal of Markets & Morality here.]

Read more on Radio Free Acton: Concealing Christian Identity…

In this week’s Acton Commentary, “The Sheep and the Goats: Work and Service to Others,” I visit Lester DeKoster’s interpretation of the parable of the sheep and the goats from Matthew 25. Although not many have discussed this as an “economic” parable, DeKoster’s point is that anyone who truly serves another through legitimate work, whether paid or unpaid, can be understood to be a “sheep.”

Read more on The Sheep and the Goats: Work and Service to Others…

With health care moving back to center stage in Washington, we’re publishing Dr. Donald Condit’s Acton monograph A Prescription for Health Care Reform as a free eBook readable in a variety of formats. This excellent work continues to be available for $6 (paperback) in the Acton Bookshoppe.

Read more on Free eBook: A Prescription for Health Care Reform…

The latest issue of the Journal of Markets & Morality (13.2) is now available online to subscribers. This issue features a fine set of articles from Manfred Spieker, Gregorio Guitián, Joseph Burke, and Jim Skillen. It also has the usual range of book reviews, so ably overseen by the journal’s book review editor Kevin Schmiesing.

Read more on Journal of Markets & Morality 13, no. 2 (Fall 2010)…