Archived Posts August 2012 » Page 7 of 10 | Acton PowerBlog

The legal institutions of capitalism exist not to advance any particular purpose, says Robert T. Miller, but to facilitate the advancement by individuals of their various, often conflicting purposes:

As this article in the Wall Street Journal explains, Missy Franklin, a seventeen year-old from Colorado who won the gold medal in the 100-meter backstroke last week, has steadfastly refused lucrative endorsement contracts. Why? Because she wants to preserve her amateur status so that she can swim competitively in college. In other words, she prefers competing to money. Happily, the economic freedom of capitalism includes not only the freedom to make money but also the freedom not to make money, if one so chooses. That’s an important lesson. If most people in Ms. Franklin’s position choose the money, that just shows that they have desires and views about the human good different from hers.

Read more on What an Olympic Swimmer’s Choice Tells Us About Capitalism…

PovertyCure, an educational initiative of the Acton Institute, has won a 2012 Templeton Freedom Award for its contributions to the understanding of freedom in the category of “Free Market Solutions to Poverty.” From the website:

Read more on PovertyCure Wins 2012 Templeton Freedom Award…

Joe Carter
posted by on Friday, August 10, 2012

People do not love markets,” says Pascal Boyer of the International Cognition & Culture Institute, “there is a lot of evidence for that.” Sadly, Boyer is right and I suspect he’s right about the cause too: People do not like markets because people seem not to understand much about market economics.

We don’t fully understand this antipathy, Boyer notes, because there hasn’t been much research on folk-economics, a study of “what makes people’s economic modules tick.” But I think Boyer has identified one of the key reasons why people tend to prefer government interventions to market-driven solutions:

Read more on Why People Prefer Government to Markets…

Jordan J. Ballor
posted by on Friday, August 10, 2012

Call for Papers: “Our Entrepreneurial Future: East, West, North, and South”

The Association of Private Enterprise Education Annual Conference, Maui, Hawaii, April 14 – 16, 2013. “Our Entrepreneurial Future: East, West, North, and South.” The Association of Private Enterprise Education (APEE) invites the submission of papers for its 38th International Conference in Maui, Hawaii, April 14-16, 2013. The Association is composed of scholars from economics, philosophy, political science, and other disciplines, as well as policy analysts, business executives, and other educators. APEE’s annual meeting explores topics related to private enterprise in an atmosphere that respects market approaches. Presentations reflect the latest research in fields such as regulation, public choice, microeconomics, and Austrian economics, as well as development of instructional techniques. The submission fee for the society’s journal, The Journal of Private Enterprise, is waived for papers presented at the conference.

Article: “What is the Philosophy of Law?”
John Finnis, SSRN

Read more on ResearchLinks – 08.10.12…

Joe Carter
posted by on Thursday, August 9, 2012

If you want to work in international development, says Charles Kenny, go work for a big, bad multinational company:

Kids today — they just want to save the world.

But there is more than one way to make the planet a better place. Here’s another option: Get an MBA and go work for a big, bad multinational company. Consider this: Over the past decade, foreign direct investment in Africa topped foreign aid — and in 2011 alone, by $7 billion. And unlike food handouts or free latrines, this kind of investment built factories, financed banks, and opened mines and oil fields, creating tens of thousands of jobs and transferring invaluable knowledge to the countries that need it most. That’s good news, because it is increasingly clear that new technologies are what’s driving improved quality of life in Africa, and new ways of doing business are vital to sustaining economic growth on the continent.

Read more on Get an MBA, Save the World…

In an interview in Our Sunday Visitor, an official with the Catholic Near East Welfare Association said refugees from Syria into Lebanon are increasing “tremendously” because of the military conflict. Issam Bishara, vice president of the Pontifical Mission and regional director for Lebanon and Syria, told OSV about the “perilous situation in Syria and how the local and global Catholic Church is responding.”

OSV: What has life been like for local Christians in Syria?

Bishara: Christians or non-Christians, they are fleeing the shelling. The Christians would have an additional worry — they are not sure of the future. The experience of Christians in Iraq was horrible. If something similar happens to the Christians in Syria then they would be in a very difficult situation. Most of the Christians who fled Iraq went to Syria and Lebanon. The question is, what if the Christians in Syria were displaced? What we hear from them is that they worried about their future, about the form of the new regime and the new government — would there be a democratic regime, a fanatic Muslim regime? They’re not sure.

OSV: What is CNEWA doing to assist the refugees?

Bishara: We are assisting 2,000 families in the regions of Homs, the Christian Valley, Tartus and Damascus. We work through the infrastructure of the local church — the Greek Orthodox Church, which is the largest Christian community in Syria, and the Greek Catholics, the Melkites, and through the different sisters and the Jesuit fathers as well.

OSV: How has the Church responded?

Bishara: The Church has responded in a very good way. We are trying to utilize their social workers and priests and the sisters and try to raise funds and pass it through them. They are purchasing all of the commodities that we agree on and putting it in boxes and taking care of distribution. They are extremely accountable and very strict in terms of who gets what. We’re very happy with the way they are presenting their reports. We are in almost daily contact with them.

In an Aug. 2 report, the director of programs for International Orthodox Christian Charities affirmed this dire picture. “There is a palpable sense of urgency and people are worried about the growing violence throughout the country,” said Mark Ohanian. IOCC is working closely with the Greek Orthodox Patriarchate of Antioch and all The East and Syrian relief partner, Al Nada Association, in an effort to reach as many people as it can and to determine what the most immediate needs are for the growing number of displaced and vulnerable families. Read more on Church groups mount relief efforts for Syria…

One of the nice things about being asked to write an endorsement for books is that you often get a complimentary copy. My copy of Political Thought: A Student’s Guide arrived earlier this week, and it is the latest offering from Hunter Baker, my friend, sometime PowerBlog contributor, and last year’s recipient of Acton’s Novak Award.

Read more on Hunter Baker’s ‘Political Thought’…

Joe Carter
posted by on Thursday, August 9, 2012

Libby A. Nelson at Inside Higher Education reports on the latest trend in clergy training:

Dual degrees for seminary students aren’t entirely new. For decades, some seminaries and their nearby or affiliated colleges have graduated students with masters’ degrees in both divinity and social work. The combination of a master’s degree in divinity with a master’s in business administration is newer, but growing, says Dan Aleshire, executive director of the Association of Theological Schools, an accrediting body.

Read more on Ministers With MBAs…

Mindy Hirst
posted by on Thursday, August 9, 2012

The fall semester is fast approaching. Why not look for ways to introduce your students to Abraham Kuyper in interactive ways? Kuyper has a perspective that is relevant to today’s student and their reality.

Read more on Academic Kits Available for Fall Semester…

Andrew Knot
posted by on Wednesday, August 8, 2012

French President François Hollande has promised a 75% tax rate on those in his country who earn an annual salary above one million euros ($1.24 million). Not surprisingly, this number has struck fear into the hearts and wallets of quite a few of France’s top earners, including some who are contemplating leaving and taking their jobs with them. The New York Times has the story:

Read more on Hollande’s ‘Idol of Egalité’…

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