On October 5, 2011, Acton welcomed John Blundell, Distinguished Senior Fellow at the Institute of Economic Affairs, to deliver a lecture as part of the 2011 Acton Lecture Series. His address was entitled “Lessons from Margaret Thatcher,” and provided insight into the Iron Lady from a man who had known Thatcher well before she became the Prime Minister of Great Britain. You can watch his lecture below.

Read more on Video: John Blundell on Thatcher…

As has been mentioned today on the PowerBlog, Margaret Thatcher was a recipient of Acton’s Faith and Freedom Award in 2011. Due to her declining health, she was unable to accept the award in person. Accepting the award in her place was John O’Sullivan, the Executive Editor of Radio Free Europe/Radio Liberty and former senior aide in the Thatcher government. The comments of O’Sullivan on Margaret Thatcher, her government and her character are below.

Read more on Video: John O’Sullivan on Margaret Thatcher…

Tyler Cowen has an interesting column in last Sunday’s New York Times, arguing that despite run-of-the-mill objections to “cold” and “heartless” economic analysis, economics is, as a science, “egalitarian at its core”:

Economic analysis is itself value-free, but in practice it encourages a cosmopolitan interest in natural equality. Many economic models, of course, assume that all individuals are motivated by rational self-interest or some variant thereof; even the so-called behavioral theories tweak only the fringes of a basically common, rational understanding of people. The crucial implication is this: If you treat all individuals as fundamentally the same in your theoretical constructs, it would be odd to insist that the law should suddenly start treating them differently.

James Poulos offers an healthy response, reminding us that “no matter how solid the economic foundation for moral egalitarianism, there’s a thing or two of great moral significance that’s missing.”

Indeed, in attempting to avoid the cliché of cold-heartedness, Cowen risks perpetuating a different one: that economists ignore the mystery and spiritual significance of humanity and human behavior. The instilling of egalitarian sensibilities when it comes to seeing people as people is one thing, but part of this reorientation needs to include a recognition of the features that make each us different. Leveling things is helpful when the earth is rocky, but the bigger problem for the modern economist seems to be his propensity to create craters in the pretty green grass. Read more on What Economics Can’t Explain…

Joseph Sunde’s fine post today on vocation examines the dynamic between work and toil, the former corresponding to God’s creational ordinance and the latter referring to the corruption of that ordinance in light of the Fall into sin.

Read the whole thing.

Joseph employs a distinction between “needs-based” work and something else, something privileged, a first-world kind of “fulfilling” work. The point DeKoster makes is right on target; we need to, in Bonhoeffer’s words, break through from the “it” of the work to the “you” (ultimately the divine “You”) that we meet in the work itself.

The discussions of these kinds of distinctions between “hard” work and “head” work have a long pedigree. There was a philosophical dispute running throughout the ancient and medieval eras about the value of the active versus the contemplative life. But I’d like to highlight a more proximate antecedent for some of this thinking, the British controversialist and critic John Ruskin (1819-1900).

Read more on Rough Work Must Be Done…

I recently discussed our pesky human tendency to limit and debase our thinking about economics to the temporary and material. Much like Judas, who reacted bitterly to Mary’s outpouring of expensive ointment, we neglect to contemplate what eternal purposes God might have for this or that material good and the ways through which it might be used or distributed.

C.S. Lewis captures the tendency powerfully in his book, The Great Divorce, providing a clear contrast of heaven and hell through a series of conversations and spiritual choices.

Beginning the story in a dreary town described as being “always in the rain and always in evening twilight,” Lewis provides us with a setting very much like earth but with a bit more darkness and—take note—a bit more surface-level comfort and security (“they have no Needs,” as one character describes it).

Lewis follows one man’s journey beyond the town (which we quickly discover to be hell or some type of purgatory), toward an ever-increasing light (which we quickly discover to be heaven). Along the way, he encounters a series of fellow travelers, each struggling with his or her own obstacle to the divine—an earthbound idol that must be pried from their paws.

In one particular conversation, Lewis points specifically to the economic sphere, using a character he calls “the Intelligent Man” to propose an economic solution that, according to his limited, earthbound assumptions, will certainly relieve what he believes to be an inevitable, ever-increasing darkness:

What’s the trouble about this place? Not that people are quarrelsome—that’s only human nature and was always the same even on earth. The trouble is they have no Needs. You get everything you want (not very good quality, of course) by just imagining it. That’s why it never costs any trouble to move to another street or build another house. In other words, there’s no proper economic basis for any community life. If they needed real shops, chaps would have to stay near where the real shops were. If they needed real houses, they’d have to stay near where builders were. It’s scarcity that enables a society to exist. Well, that’s where I come in…I’d start a little business. I’d have something to sell. You’d soon get people coming to live near-centralisation. Two fully-inhabited streets would accommodate the people that are now spread over a million square miles of empty streets. I’d make a nice little profit and be a public benefactor as well.

His approach has some charming elements, to be sure. Indeed, if I myself were to encounter a dreary town such as this, I, too, would be quick to emphasize the positive socializing effects of market collaboration and cooperation. “The townspeople boast an unhealthy and isolating sense of entitlement,” I might be tempted to say. “Thus, we should proceed to foster a healthy web of bottom-up independence, interconnectedness, collaboration, and specialization.” Read more on C.S. Lewis on Transcendent Economics…

As noted already at the PowerBlog today, Sam Gregg has a fine piece on the complex relationship between law and morality, or constitutions and culture, over at Public Discourse.

As a follow-up (read the piece first), I’d like to point to an interesting aspect of James Buchanan’s advocacy of a balanced-budget amendment. As Gregg notes, Buchanan is an example of someone who thought that “America’s constitution required amending to bestow genuine independence upon a monetary authority,” or advocated for the “constitutionalization” of money. A related effort would be Buchanan’s efforts in support of a balanced-budget amendment to the American Constitution, as explored by James Alvey in his piece, “James M. Buchanan on the Ethics of Public Debt and Default.”
Read more on More on Constitutions and Culture…

Book Note: “Walzer, ‘In God’s Shadow: Politics in the Hebrew Bible’”
Michael Walzer, In God’s Shadow: Politics in the Hebrew Bible. New Haven: Yale University Press, 2012.

In this eagerly awaited book, political theorist Michael Walzer reports his findings after decades of thinking about the politics of the Hebrew Bible. Attentive to nuance while engagingly straightforward, Walzer examines the laws, the histories, the prophecies, and the wisdom of the ancient biblical writers and discusses their views on such central political questions as justice, hierarchy, war, the authority of kings and priests, and the experience of exile.

Read more on ResearchLinks – 09.07.12…

Eric Teetsel, who runs the Values & Capitalism project over at AEI, invited me (among others) to pen some alternative endings to the Hunger Games trilogy. Eric is concerned that at the ending of the series, “Collins’s characters deteriorate into self-interested, cynical, vengeful creatures. The parallels of their behavior post-victory with the actions of their former dictators are made clear. Katniss even votes in support of another Hunger Games, this time featuring the children of the elites who have been overcome. It’s a Blue State ending to a Red State story.”

Read more on The Hunger Games: When Power Corrupts…

Roger Scruton has written an excellent piece on the moral basis of free markets; it’s up at MercatorNet. He begins with the Islamic proscriptions of interest charged, insurance, and other trade in unreal things:

Read more on Roger Scruton: No Escaping Morality in Economics…

The recent English riots, soaked as they are in unrestrained Marxism, bring to mind one of the 20th century’s great anti-Marxists, the British novelist Evelyn Waugh. Waugh was a staunch—even curmudgeonly—defender of social order, and a derisive critic of Marxism, calling it in The Tablet “the opiate of the people.”

Read more on Evelyn Waugh on Corporate Jets (sort of)…