Posts tagged with: business

francis 4With only a few weeks before Pope Francis makes his first U.S. visit, the media frenzy is already beginning. At Crux, the observation is made that “pet projects” of Catholics across the nation will be vying for Vatican attention. However, the pope likely has his own agenda.

With his encyclical, Laudato Si’, still fresh in people’s minds, Pope Francis will certainly speak to the environment. Also, the World Meeting of Families in Philadelphia is on his schedule. But with stops in New York City and Washington, D.C., talk will also likely turn to business and economics. And that, says Acton Institute President Rev. Robert Sirico, is concerning.

[Pope Francis] has an allergy to economics, that he doesn’t quite get it, that he’s never really studied it,” Sirico said, referring to the pope’s admission that economics isn’t his forte. (more…)

Last week, the Washington Post featured an interview with Donald Trump, entrepreneur-turned-presidential candidate. Trump is clearly no fan of the pope’s comments on capitalism and free markets, and his approach to dealing with the pope on this topic is rather unique: Trump wants to scare Pope Francis.
trump cnn

It’s common for some to criticize Pope Francis’s wariness about capitalism, but Republican presidential candidate Donald Trump just took that to a new level, saying he’d try to “scare” the pope by telling him: “ISIS wants to get you.

I’d say ISIS wants to get you,” Trump said. “You know that ISIS wants to go in and take over the Vatican? You have heard that. You know, that’s a dream of theirs, to go into Italy.

I’m gonna have to scare the Pope because it’s the only thing, Trump said. The Pope, I hope, can only be scared by God. But the truth is — you know, if you look at what’s going on — they better hope that capitalism works, because it’s the only thing we have right now. And it’s a great thing when it works properly.”

The Rev. Robert Sirico, who has voiced his own concerns regarding the pope’s economic views, clearly was not impressed with Trump’s views on how to deal with the views of “the people’s pope.” (more…)

kivaDo you recognize the name Jessica Jackley? What about Kiva? Jackley is the young woman who started Kiva in 2005. Kiva, a crowdfunding site, asks not simply for donations, but for micro-loans. To date, Kiva has facilitated $730 million in loans in 83 countries, funding entrepreneurs in agriculture, clothing manufacturing, and transportation, just to name a few areas of endeavor.

In an interview with Christianity Today, Jackley discusses her new book, Clay Water Brick: Finding Inspiration from Entrepreneurs Who Do the Most with the Least, her faith and her work.

When asked about “the poor you will always have with you” (Matt. 26:11) and how she interprets that, Jackley replies:

I know now that the story behind it is more than what I imagined as a child. I used to imagine a long line of poor people following me around everywhere, which terrified me. But the idea that there will always be need—in every one of us—makes more sense to me today. There are different kinds of poverty, including spiritual poverty, relational poverty, and emotional poverty. There are needs we all encounter as human beings; we all experience poverty at some point in our lives. Need is universal.


U.S. Terracycle office, photo courtesy of BBC

U.S. Terracycle office, photo courtesy of BBC

Starting a business is a risky undertaking. You need money, a product or service people want and away to deliver that product or service that keeps some of that money in your pocket. For social entrepreneurs, the  stakes are even higher: their goal is to do something good while making money.

Tom Szaky of TerraCycle is quite clear: “I want to make a lot money doing good.” And he just may do it. TerraCycle has been based in the U.S. for 13 years, but Szaky and his family fled communist Hungary when he was very young. The ended up first in Holland, then Canada, then the U.S. One thing that struck young Szaky and his father was the amount of “good stuff” people threw out:

In Hungary back then, you needed a licence for a TV set,” he explains.

You couldn’t just go and buy one. Instead, after applying for a licence maybe a year later you’d get a black and white TV, and you’d get the one state channel.

Tom says: “Only a few years later we end up in Canada where every Friday my dad and I would drive round and see mountains of TVs thrown out of every apartment buildings. (more…)

small-actions-change-the-worldAt a point in time where the election cycle invites everyone and their brother to “throw their hat in the ring,” Americans constantly jabber about which candidates might have the biggest national impact. What is overlooked is that local leaders are the ones who make the greatest impact in our daily lives.

Cheryl Dorsey insists that local communities must pay attention to their own leaders in order to thrive:

It’s imperative that the investment community and others support these entrepreneurs in the communities where they work. Markets are places where value is created. These social entrepreneurs look at disadvantaged youth, dilapidated houses, low-income neighborhoods and under-performing educational systems, and they see how they can create more value. We must change the climate for these leaders so they can put solutions into practice and to build markets where others ignore them. We need to build the investment and support system to help them go further, faster.


JMM_18.1 front cropOur most recent issue of the Journal of Markets & Morality has now been published online and print issues are in the mail.

Volume 18, no. 1 is a special issue. Guest editor Shirley Roels details the origins of the contributions in her (open access) editorial:

To highlight the 2013–2014 English publication of the first volume of [Abraham] Kuyper’s theological commentary on common grace, the Calvin College Business Department organized an October 2014 symposium, which was co-sponsored by the Acton Institute. Faculty, business practitioners, and students gathered to think about the meaning of Kuyper’s common grace theology for twenty-first-century business. Over an exceptional day of discourse, presentations and panels were woven into a robust discussion about the light of faith for business when that life is shared together by Christians and those who follow other paths. Leaders from banking, manufacturing, natural resources, film, food, and floral industries, among others, joined with business educators to shape the current intertwining of common grace and business.

The symposium was framed around three themes that emerge from Kuyper’s writings about common grace. Its planners described these as the protective, constructive, and imaginative functions of common grace. Through such grace, God protects remnants and echoes of his good created order as gifts for all people despite continuing human perversity. God designs the expectation and possibility that together humans will construct institutions to respond to needs and support social order. God provides continuity between the values and virtues of all people so that Christians as well as those in other faith traditions can work together imaginatively.

The article contributions to this journal issue originated in that October 2014 symposium. Peter Heslam’s opening article provides some of Kuyper’s less-known commentary about business life. Then eight articles, all authored by Christian business educators, articulate the implications of Kuyper’s common grace theology for business ethics, strategic planning, global debt markets, entrepreneurship, market pricing, the accounting profession, operations management, and human resource frameworks. Richard Mouw’s closing article enjoins us to bring robust Christian faith to the business spaces where God’s light can readily flood. (A separate review essay unrelated to the symposium also appears as part of the journal’s regular publication schedule.) Finally, integrated into the journal’s book review section are four reviews of recent books about faith and business that highlight resources to deepen this intersection of faith and business.

In addition to Dr. Roels’ editorial, I have made my review of The Common Good: An Introduction to Personalism by Jonas Norgaard Mortensen open access as well. You can read it free here.

If you are interested in a subscription to the Journal of Markets & Morality, subscription directions and prices can be found here.

Once you’ve purchased a subscription, you can read our most recent issue, volume 18, no. 1, here.

“We view autism as one of our key competitive advantages,” says Tom D’Eri of Rising Tide Car Wash in Parkland, Florida, which employs 43 employees, 35 of which are on the autism spectrum. “Our employees follow processes, they’re really excited to be here, [and] they have a great eye for detail.”

Hear more of their story here:

Among adults with autism, the unemployment rate is around 90%, and yet, if you were to ask D’Eri, whose brother has autism, the market is simply not recognizing the enormous potential and unique gifts these people possess. “Typically people with autism are really good at structured tasks, following processes, and attention to detail,” he says. “So we saw that there are really important skills that people with autism have that make them, in some cases, the best employees you could have.” (more…)

Alexis_de_tocqueville_croppedWhat is social justice? Is it a vision of a perfectly just society? Is it an ideal set of government policies? Is it a particular theory or practice? Is it a virtue? A religious concept? A social arrangement?

In a lecture at Acton University on his forthcoming book, Social Justice: What It Is, What It Isn’t, Michael Novak sought to answer some these questions with a particular framework around intermediary institutions.

Offering a broad survey of the term’s origins, history, and modern use and application, Novak countered modern misconceptions of social justice (e.g. as another word for equality), and sought to outline a definition that’s (1) connected to the original understanding, (2) ideologically neutral, and (3) applicable to current circumstances.

Leaning first on Pope Leo XIII for an original understanding, he proceeded to channel Alexis de Tocqueville, describing social justice in terms of our activity in basic, day-to-day associations. This begins with religion, of course, which “dominates our hearts,” he said, without the support of the state, and in turn, transforms our orientations and imaginations toward citizens, institutions, and law. With this as the basic order of things, social justice begins when the individual rightly understands his relation to God, and proceeds to engage with civilization accordingly. (more…)

woman-with-air-conditionerIf you are of a “certain age,” you grew up without air conditioning. As unthinkable as it is now, we made due with window screens and fans. And we survived.

Honestly, it was pretty miserable sometimes. Especially if your dad happened to have a vinyl recliner that you sat on during hot, humid August days watching Brady Bunch re-runs. Peeling  yourself off one of those is an experience that will scar you forever.

Air conditioning is more than just a way to make our lives more comfortable; it’s economically advantageous. (more…)

LemonisMarcus2I’ve written before on how television can be a powerful tool for illuminating the deeper significance of daily work and the beauties of basic trade and enterprise. Shows like Dirty Jobs, Shark Tank, Undercover Boss, and Restaurant Impossible have used the medium to this end, and today at The Federalist, I review a new contender in the mix.

CNBC’s The Profit is arguably the best reality show currently on television. Starring Marcus Lemonis, a Lebanese-born American entrepreneur and investor, each episode highlights an ailing businesses in desperate need of cash, care, and wisdom.

By the end, we get a remarkable view into the types of struggle, pain, glory, and redemption that occur across countless businesses every single day.

The show counters a host of false stereotypes about business, three of which I highlight in my piece. But one that is perhaps more popular and pernicious than all is the notion that business and is necessarily driven by greed and selfishness.

On the contrary, I argue, selfishness kills and service prospers: (more…)