I have a piece up today at the First Things website on conservative Protestants (like me) and their attitude toward corporate behavior.

Here’s a clip:

Experience and prudence have demonstrated that free markets are demonstrably better than other alternatives. But the problem is that we have tuned our antennae in such a way such that they pick up market problems like the promotion of hedonistic vice but do not take adequate notice of other wrongs. Thus, conservative evangelicals are quick to protest against 7-11 carrying Playboy magazine but are slow to call to account the corporation that deals with employees in bad faith.

Read more on Conservative Protestants and Corporate Behavior…

By happy serendipity two books of related interest caught my attention today.

The first is David Cowan’s Economic Parables: The Monetary Teachings of Jesus Christ (Paternoster, 2007). Michael Kruse recommends the book in a brief review.

Read more on Jesus and the Parables…

Linked yesterday on the Drudge Report and picked up by news outlets all over the world is a brief Bloomberg report on a statement from the Italian Finance Minister Giulio Tremonti. Tremonti attributed to Pope Benedict XVI a “prophecy” dating from over twenty years ago concerning the current global financial meltdown.

Read more on The Pope’s Economic ‘Prophecy’…

Posted at the Center for a Just Society (notice courtesy the National Humanities Institute), Dr. Mark T. Mitchell asks a series of questions focused on the intersection between morality and economics in light of the recent financial crisis. In “Ten Questions and a Modest Proposal,” Dr. Mitchell invokes the institute’s namesake and this blog’s tagline.

Read more on 10 Questions on Economics and Morality…

Is Senator Obama a closet socialist waiting for inauguration day, at which time he and a Democratic Congress will immediately pursue a massive increase in the size and power of government in our lives, accompanied by massive tax increases and massive redistribution of wealth? Or is he really a moderate pragmatist, a canny politician who when he was getting started in politics used his radical contacts from his ultra-leftwing Hyde Park community, but now is in a position to use more moderate figures to build a centrist working coalition? Which is the real Obama?

Stanley Kurtz of National Review has been investigating Obama’s political past for months now, and in a recent piece on Obama’s ties to such far left groups as Acorn and The New Party, Kurtz suggests a third alternative that I find both more nuanced and more cogent than either Obama-as-Clintonesque-pragmatist or Obama-as-Manchurian-Candidate. Read more on Baby Stepping Toward the Nanny State…

There’s a lingering issue that continues to bother me about the so-called “global warming” Supreme Court case from 2007, Massachusetts v. EPA (05-1120), and that is a nagging concern about federalism and environmental standards.

Read more on Federalism and the EPA…

Writing a commentary for the United Methodist News Service, J. Richard Peck encourages readers to heed John Wesley’s advice on economic policy. “In short, Wesley called for higher taxes upon the wealthy and laws that would prohibit the wasting of natural products,” says Peck. He notes that the cure for economic troubles relating to the poor was to repress luxury.

Read more on Is John Wesley’s Economic Advice Sound?…

In the latest edition of an otherwise scholarly theological journal, a writer, who only ever writes about one subject, attacked the free market as usual. He wrote: “Neither can economics be satisfied with leaving human beings to the mercy of markets with their supposed ‘laws.’. . .” While there is certainly no space to take on his whole article, this part might just be the most serious error in it.

Read more on Are there Economic Laws?…

With this issue of the Journal of Markets & Morality, we introduce a new semi-regular feature section, the Status Quaestionis. Conceived as a complement to our Scholia, the Status Quaestionis features are intended to help us grasp in a more thorough and comprehensive way the state of the scholarly landscape with regard to the modern intersection between religion and economics.

Read more on Journal of Markets & Morality, Volume 11, Issue 1…

Dr. Luckey

We welcome Acton adjunct scholar Dr. William R. Luckey, Professor of Political Science and Economics at Christendom College, to the PowerBlog. Dr. Luckey has expertise in Political Philosophy, Business and Economics, and Theology, and posts from his excellent Catholic Truths on Economics will be shared here. His tagline explains why he is a perfect fit for the PowerBlog: Guidance on Economics, its importance for Catholics, its importance to civilizations, and what are its objective truths. It might sound boring…but boy, we are all affected by it.

Read more on Luckey Joins Acton PowerBlog…