Acton Institute Powerblog Archives

Post Tagged 'creation'

Arvo Pärt on the economy of wonder

Our society has grown increasingly transactional in its ways of thinking, whether about family, business, education, or politics. Everything we spend, steward, or invest — our money, time, and relationships — must somehow secure an immediate personal return or reward, lest it be cast aside as “wasteful.” As an overarching philosophy of life, such an approach fails not due only due to its narrow individualism, but also to its cramped obsession with scarcity, standing in stark contrast with the lavish abundance and gratuitous generosity of the Gospel. Continue Reading...

Thomas Sowell on poverty, politics, and the origins of prosperity

“The mundane progress driven by ordinary economic and social processes in a free society becomes dramatic only when its track record is viewed in retrospect over a span of years.” –Thomas Sowell In a recent edition of Uncommon Knowledge, economist Thomas Sowell discusses his latest book, Wealth, Poverty, and Politics, which provides a comprehensive argument for the origins of prosperity. Continue Reading...

What Christians can learn from Adam Smith’s ‘paradox of value’

In a new video from TED Ed, Akshita Agarwal provides a quick lesson on Adam Smith’s “paradox of value” and the differences between “value in use” and “value in exchange.” For Christians, there’s a crucial lesson here about the best way to meet human needs in the economic order, whether through trade policy, reducing price controls, or any number of other areas.  Continue Reading...

Uniting economics with the grammar of creation

Michael Thigpen had a successful job at a bank, rising through the ranks of the company to a management position. Yet he had originally planned to be a teacher or a pastor, and after finally graduating from seminary and struggling to find a position in either role, he became frustrated with his banking career. Continue Reading...

Children Are a Gift to Civilization

With our newfound economic prosperity and the political liberalization of the West, we have transitioned into an era of hyper consumerism and choice. This involves all sorts of blessings, to be sure, but it brings its own distinct risks. Continue Reading...

Wasteful Extravagance: Sara Groves on the Economy of Wonder  

“God somehow demands of us so much more than this transactional nature. It is really about the gift that we’ve been given, and the only response we can give back is with extravagance, with gratuitous beauty.” –Makoto Fujimura (Episode 6, For the Life of the World) We live in a society that has grown increasingly transactional in its way of thinking. Continue Reading...

Lester DeKoster’s 3 Dimensions of Work  

Lester DeKoster’s short book, Work: The Meaning of Your Life, sets forth a profound thesis and solid theological framework for how we think about work. Although the faith and work movement has delivered a host of books and resources on the topic, DeKoster’s book stands out for its bite and balance. Continue Reading...