Acton Institute Co-Founder and President Rev. Robert A. Sirico made an appearance on America’s News Headquarters on Fox News Channel this afternoon to discuss the impact of Pope Francis’ new encyclical, and to share his thoughts as part of the discussion the Pope has called upon us all to participate in on the state of the environment. You can view his Father’s Day appearance using the video player below.
Samuel Gregg, Acton’s director of research, writes in The American Spectator today about Laudato Si’, Pope Francis’ encyclical which addresses environmental issues. Gregg says that part of the encyclical’s intent is to add to the global discussion regarding the environment and to the climate change debate. However, Gregg believes that the encyclical, rather than enlightening, is muddying the waters.
To be sure, there is much about today’s global economy that merits criticism. The encyclical rightly underscores the problem of bailing out banks at everyone else’s expense (189). Does anyone doubt that, if the world faces another series of major bank failures, governments will behave in exactly the same way, thereby reinforcing the moral hazard problem that’s at the root of so much of the financial sector’s on-going dysfunctionality? The encyclical also suggests, correctly, that despite the events of 2008, there has been a major failure to reform the world’s financial systems (189). Likewise the pope’s tough words for those who regard population growth as somehow damaging the environment and impeding economic development are spot-on (50).
Nonetheless, many conceptual problems and questionable empirical claims characterize the encyclical’s vision of contemporary economic life. In terms of environmental degradation, Laudato Si’ appears oblivious to the fact that the twentieth century’s worst economically driven pollution occurred as a result of centrally-planned state-industrialization schemes in former Communist nations. Anyone who’s visited Eastern Europe or the former USSR and witnessed the often-devastated landscape will quickly attest to the validity of that insight.
Acton University 2015 is about to get underway at DeVos Place in Grand Rapids, Michigan, and our friend Al Kresta has already taken up residence on the gallery overlook level for his week of Kresta in the Afternoon remote broadcasts. His first guest from Acton University was our own Kishore Jayabalan, director of Istituto Acton in Rome, who sat down for a twenty minute discussion of Pope Francis, Laudeto Si, and the compatibility of capitalism with Christianity. The full interview is available via the audio player below.
I grew up in a very small town. Our fashion purchases were limited to the dry goods store (yes, it still went by that name) which carried things like Buster Brown shoes and sensible sweaters, or the grain elevator, where you could buy durable overalls for farm work.
As someone who eagerly awaited Seventeen magazine every month and witnessed the birth of MTV, you can imagine my fashion dilemma. The closest mall was 70 miles away. I needed Calvin Klein jeans, Candies heels and Esprit tops like, now.
Steven Quartz, a philosopher and neuroscientist at Caltech, along with Anette Asp, a political scientist and neuromarketer, feel for me. In The Atlantic, Bourree Lam talked with the two about the connection between “cool” and capitalism. Quartz and Asp, believe, in as sense, that capitalism created “cool.” First, though, Quartz says there are four myths linked to capitalism (or what some would call “consumerism”) that their research shows to be false:
First, that it doesn’t make us happy. Second, that it relies on instilling false needs in us because it’s contrary to our real nature. Third, that it erodes public life. Fourth, that it’s primarily about “stuff.”
On this week’s edition of Radio Free Acton, Burt and Anita Folsom discuss their latest book, Uncle Sam Can’t Count. We examine whether the government has a good track record in subsidizing industry and innovation, and look at some of the unforeseen consequences of subsidies in society. You can listen via the audio player below, and then be sure to check out the video of Burt’s Acton Lecture Series address as well.
Jane Marcet is remembered most often for her scientific work in chemistry. Born in London in 1769, she was well-educated, and shared a passion for learning with her father. When she married Alexander Marcet, a physician, she would proof-read his work and eventually decided to publish her own thoughts.
In a series of pamphlets entitled, “Conversations,” Marcet wrote on chemistry, botany, religion, and economics. She was a member of the London Political Economy Club, founded by James Mill.
In the early 19th century there were no academic societies or professional associations for economists. The Political Economy Club was a way to establish a scientific community, test ideas, and provide peer review for their work.
“If there were just one gift you could choose, but nothing barred, what would it be? We wish you then your own wish: you name it. Our is liberty, now and forever.”
Isabel Paterson came to influence the likes of Ayn Rand and William F. Buckley, but her early life was rough and tumble. One of nine children, Paterson had only two years of formal education but loved to read. Her father had a difficult time making a living and was constantly uprooting his family in search of work. However, Paterson credited her early life for teaching her self-sufficiency and hard work.
As a teen, she moved to Calgary and began a career as a journalist. It was in Vancouver that she found her voice, writing about the changing role of women both in the family and in the world, and chiding those with servants for their snobbish attitudes towards those who worked for them. (more…)