Acton Institute Powerblog Archives

Post Tagged 'development'

Michael Novak: ‘Capitalism is Lifting the World out of Poverty’

Philosopher and theologian, Michael Novak recently delivered a speech at the Catholic University of America on the vocation of business and Forbes published the transcript. Novak argues that “capitalism is lifting the world out of poverty.” As many Asian and African economies shift from socialist to capitalist, they are seeing enormous economic growth, and small businesses are the force behind these economic gains: Even in developed nations, most jobs are found in small business. Continue Reading...

Remembering Business and Rebuilding the City

  Several months ago, in the wake of Detroit’s bankruptcy and the flurry of discussions surrounding it, Chris Horst and I co-wrote a post on how Christians mustn’t forget or neglect the role of business in our attempts to rebuild, restore, and reinvigorate failing cities. Continue Reading...

Does Loving The Poor Mean Keeping Them Poor?

Fr. James V. Schall, S.J., in an essay for The Catholic World Report, offers some points worth pondering regarding Christianity and poverty. Entitled “Do Christians Love Poverty,” Schall insists that we must make the distinction between loving the poor – actual people – and loving “poverty” in some abstract way. Continue Reading...

Value Creation for the Glory of God

The real estate crisis led to plenty of finger-pointing and blame-shifting, but for Phoenix real estate developer Walter Crutchfield, it led to self-examination and spiritual reflection. “The real estate crash brought me to a place of stepping back and evaluating,” Crutchfield says. Continue Reading...

How Did the Global Poverty Rate Halve in 20 Years?

From 1990 to 2010, the global poverty rate dipped from 43% to 21%. The Economist explains why the rate halved in twenty years: How did this happen? Presidents and prime ministers in the West have made grandiloquent speeches about making poverty history for fifty years. Continue Reading...

The Fruits, the Roots, and the Soil

When we consider poverty alleviation, what areas should be focused on to yield effective and sustainable results? In the blog article, “The fruits, the roots, and the soil,” PovertyCure’s Mark Weber asserts that it is oftentimes the neglected aspects that are most necessary for long-term prosperity. Continue Reading...

PovertyCure: Lasting Solutions to Poverty

PovertyCure was featured in Forbes Magazine last week. Alex Chafuen, one of Acton’s founding board members, featured PovertyCure in his article on champions of innovation. He writes: A new multifaceted initiative, called PovertyCure, provides abundant materials and resources for those who want to create lasting solutions to poverty. Continue Reading...

Economic Freedom: Vital for All

On Nov. 28, the Canada-based Fraser Institute released the eighth edition of its annual report, Economic Freedom of North America 2012, in which the respective economic situation and government regulatory factors present in the states and provinces of North America were gauged. Continue Reading...