Acton Institute Powerblog Archives

Post Tagged 'market'

‘What Good Markets Are Good For’

As of this month, I have joined the “What Good Markets Are Good For: Towards a Moral Justification of Free Markets” project as a postdoctoral researcher in theology and economics. The project is a multi-year, multifaceted endeavor, focusing on the central claim that “societies with free-market economies flourish because and in so far as the key market actors (states, businesses and individuals) respect morality, and act virtuously.” The project is headed by Govert Buijs at the VU University Amsterdam, and includes partner institutions from across the Netherlands. Continue Reading...

Does the equilibrium model work in the real world?

Note: This is the seventh post in a weekly video series on basic microeconomics. In previous videos in this series from Marginal Revolution University we learned how prices reach equilibrium and how the market works like an invisible hand coordinating economic activity. Continue Reading...

Cooperation Makes Markets Thrive

In a recent piece for the Wall Street Journal, Emory economics professor Paul H. Rubin makes an interesting argument about the way economists tend to over-elevate and/or misconstrue the role of competition in the flourishing of markets. Continue Reading...

Civil Society and Social Eco-System: Seeking Solutions Beyond Market and State

Over at Fieldnotes Magazine, Matthew Kaemingk offers a good reminder that in our social solutions-seeking we needn’t be limited to thinking only in terms of market and state. By boxing ourselves in as such, Kaemingk argues, Christians risk an overly simplistic, non-Biblical view of human needs and human destiny: When presented with almost any social problem (education, health care, poverty, family life, and so on), today’s leaders typically point to one of two possible solutions—a freer market or a stronger state. Continue Reading...

New on AU Online: Marketplace Theology

What is the role of the marketplace in the Kingdom of God and in the redemptive process of God’s mission? Join David Doty, Founder and Executive Director of Eden’s Bridge, for an AU Online lecture series to discuss those questions. Continue Reading...

Last Chance to Register!

Is the “secular vs. sacred” worldview struggle just another first-world problem? Join us in a discussion of this topic in the AU Online series Freedom and Virtue in the Developed World. Continue Reading...

‘The Idolatry of the Porn Worldview’

The folks over at the Reformation21 blog, produced of the Alliance of Confessing Evangelicals, have a great discussion going about the spiritual, cultural, and pastoral implications of pornography (here, here, and here). Continue Reading...

The Fate of the Family Farm

To hear the NYT tell it (and Sojourners, for that matter), the family farm is facing severe threats. With no small degree of dramatic flourish, the NYT editorial linked above concludes: For the past 75 years, America’s system of farm subsidies has unfortunately driven farming toward such concentration, and there’s no sign that the next farm bill will change that. Continue Reading...