James Pethokoukis of AEI says that this is the most important economic chart in Western civilization. I completely agree.

The concept is so important that no student should receive a passing grade in any economics class—whether in high school or college—unless they can explain why economic growth matters (ideally, every educated Christian would be able to do so too since it has theological implications).

Yet, sadly, few Americans recognize its importance despite the fact, as Pethokoukis notes, that in real terms, the average income of Americans over the past two centuries went from $2,000 per person to $50,000. Pethokoukis credits the change to a shift in thinking: Respect and reward innovators and innovation. He includes a great quote by Deirdre McCloskey on how the West became a business-admiring civilization:

Read more on The Most Important Economic Chart in Western Civilization…

Questions about poverty and social teaching are on the forefront of Pope Francis’ mind, as he’s made convincingly clear in his young papacy. This calls for cogent thinking on the topic, according to Fr. John Flynn, LC in “Francis and Catholic Social Teaching: Debates About Economy, Equality and Poverty Sure to Continue.”

Flynn cites Jerry Z. Muller, professor of History at the Catholic University of America, who gives credit to the astonishing “leap in human progress” that capitalism has brought about, but cautions that some find the disparity between rich and poor, the powerful and the dispossessed, to be grounds for anti-capitalist sentiment. Muller points out that this type of inequality seems to be growing internationally. Read more on Neither Worshipping Nor Demonizing Capitalism…

AEI’s Values and Capitalism just released a new book titled, Economic Growth: Unleashing the Potential for Human Flourishing. In support of the book, they’ve produced a video highlighting the great work of Tegu Toys, a wooden block manufacturer based in Honduras.

Read more on Fighting Poverty with Toy Blocks and Economic Growth…

Finding solutions for feeding the world’s poorest is about as non-controversial a mission as you could imagine for someone pursuing a religious vocation. Yet, the investors belonging to the Interfaith Center for Corporate Responsibility put politicized science ahead of that mission in their opposition to genetically modified organisms (GMOs).

The ICCR’s approach to GMOs leans more toward anti-business political activism than any concern for producing plentiful crops that are resilient against pests, diseases and extreme weather events such as drought or excessive precipitation, which, in turn, would benefit those endeavoring to provide inexpensive foodstuffs to the economically and ecologically disadvantaged.

Judging from ICCR proxy shareholder literature, feeding more people less expensively is secondary to a politicized agenda. This from the ICCR’s “The Right Solutions to Hunger:”

“In recent years, several weeds have built up resistance to the herbicides used on GE [genetically engineered] crops, driving the use of more, and multiple industrialized herbicides to kill them. Who is looking long-term, for the protection of the consumer and the food system and who will bear the risk?” asked Margaret Weber of the Congregation of St. Basil. “These issues are critical and it is apparent that the regulatory system is not adequately addressing them,” she continued.

And this: Read more on ICCR Shareholders vs. World Hunger…

Over at Fare Forward, Cole Carnesecca provides some great insights into how we should think about calling, offering some similar sentiments to those expressed in my recent post on family and vocation. “Whatever else you may think you are called to,” Carnesecca writes, “if you have a spouse and children, you are called to your family.”

Focusing on the troubled marriages of Methodism founder John Wesley and Chinese evangelist John Sung, Carnesecca explains how a misaligned and over-spiritualized concept of calling can lead us to neglect our basic responsibilities:

We often can over-spiritualize [calling], defining it as a single God-ordained path or the type of thing that comes to the missionary or pastor but not to the lay member. Or we under-spiritualize it, thinking of it as more and no less than a “career.” Both of these approaches miss two crucial points about calling.

I like to describe calling (in my other life as a youth pastor) as the meeting point of opportunity and obligation—what we are capable of doing and what we are responsible for. I mean this to apply to more “everyday” forms of calling— the way that God leads and guides individuals into life choices and experiences—and not the more “Damascus Road” forms of calling that are less difficult to understand. But for any form of calling, both opportunity and obligation must be taken into account and both can be misunderstood.

Indeed, through an orientation of ultimate obedience to God — “thy will be done” — it seems impossible to separate the two. God will not call us to areas that will involve a breaching of basic obligations and responsibilities, whether to the family or otherwise. Likewise, he will not call us to something like family if it will mean the destruction of our God-ordained purpose in this life. Read more on Where Opportunity and Obligation Meet…

Two Syrian Orthodox bishops have been abducted by terrorists in a suburb of Aleppo in Syria as they were returning from Antioch (Antakya, Turkey). While both clergymen are believed to be alive, their driver was killed during the attack:

Read more on Orthodox Bishops Kidnapped By Terrorists…

The Triumph of Capitalism
R.R. Reno, First Things

Since the fall of the Soviet Union, free markets have ruled without much in the way of resistance. As a consequence, for the most part our political problems now involve coming to terms with the global triumph of capitalism.

Read more on PowerLinks – 04.23.13…

It’s called the “Marketplace Fairness Act,” but how fair is it and who does it really benefit? The legislation, which is expected to pass the Senate, is heralded by supporters as instituting market equity to the brick and mortar retailers. Supporters also proclaim it will help to alleviate state budget shortfalls. The Marketplace Fairness Act gives new authority to states to directly collect sales taxes from online retailers. Jia Lynn Lang at The Washington Post explains:
Read more on Will New Internet Sales Tax Laws Create Market Fairness?…

This past weekend, I had the privilege to attend and present a paper at the 2013 Kuyper Center for Public Theology conference at Princeton Seminary. The conference was on the subject of “Church and Academy” and focused not only on the relationship between the institutions of the Church and the university, but also on questions such as whether theology still has a place in the academy and what place that might be. The discussion raised a number of important questions that I would like to reflect on briefly here.

In the first place, I was impressed by Dr. Gordon Graham’s lecture on the idea of the Christian scholar. He began by exploring a distinction made by Abraham Kuyper in his work Wisdom & Wonder. Kuyper writes (in 1905),
Read more on Christian Scholarship and the Crisis of the University…

The Halki seminary near Istanbul was the main school of theology of the Eastern Orthodox Church’s Ecumenical Patriarchate of Constantinople from 1884 until the Turkish parliament enacted a law banning private higher education institutions in 1971. For more than 40 years, the law has kept Orthodox clergy schools closed. But in an encouraging development for religious liberties, Secretary of State John Kerry is urging the Turkish government to reopen the seminaries:

Read more on Sec. Kerry Urges Turkey to Re-Open Orthodox Seminary…