“Why Morality-Free Economic Theory Does Not Work: A Natural Law Perspective in the Wake of the Recent Financial Crisis.” The recent worldwide financial crisis has revealed a serious flaw in current thinking about markets and morals. Contemporary legal theorists and political economists commonly assume that markets can (and even should) provide morally neutral zones for the exchange of goods among free persons, constrained by nothing other than the laws of contract and the imperatives of self-interest. Professor Bruni’s lecture will challenge this dominant assumption, and will offer an alternative, ‘natural law’ perspective on the interrelatedness of markets, morals, and human sociality.
Ahead of tonight’s vice-presidential debate between Joe Biden and Paul Ryan, Hunter Baker (a Baptist political scholar) and I (a Reformed moral theologian), offer up some thoughts as “Protestants in Praise of Catholic Social Teaching” in a special edition of Acton Commentary.
Commentators are already busy parsing the partisan divide between the co-religionists Biden and Ryan, but having Roman Catholics represented in such prominent positions in this campaign and particularly in tonight’s debate is also likely to catapult another player into the national political consciousness: Catholic Social Teaching (CST).
For people of faith, and even for people of no particular faith whatsoever, CST represents a praiseworthy model for responsible civil engagement in a diverse and plural culture.
We go on to point in particular to the objective moral order recognized by CST, the principles of subsidiarity and solidarity, and the tradition’s commitment to religious liberty.
For an example of those “parsing the partisan divide” ahead of the debate, see this piece over at Religion Dispatches. There’s sure to be much more like this in the days and weeks to come.
Read our whole piece, though, for more on how CST provides some hope that we might elevate the level of our political discourse.
On Tuesday, the Acton Institute co-sponsored, along with Regent University’s College of Arts & Sciences and School of Divinity, To Fail or To Flourish: Does My Life and Work Really Matter? The purpose of the event was to initiate a conversation on campus on the topic of human flourishing involving students, faculty, staff and administration.
The day started with a session by Dr. Corné Bekker entitled, “Does the Bible Say Anything About Flourishing?” Dr. Bekker leads the Ph.D. in Organizational Leadership Ecclesial Leadership major, teaches in the doctoral programs of the School of Business and Leadership, and is actively involved in research on the use of Biblical hermeneutics and spirituality to explore leadership.
Dr. Bekker examined the question, “What does it mean to be fully alive?” He cited St. Iranaeus’ quote (“the glory of God is man fully alive”) and explained how it is often misquoted and/or misused, oftentimes in the context of flourishing. David Kelsey, in “On Human Flourishing,” says, “Christian theology has a large stake in making it clear that its affirmations about God and God’s ways of relating to human beings underwrite human beings’ flourishing.” Flourishing is not simply being happy or feeling fully alive. Human flourishing must start with Christ Himself. Kevin Cronin in his book Kenosis: Emptying Self and the Path of Christian Service describes three relationships important to flourishing: God and self, others and self, self and self. Dr. Bekker described these three relationships in the remainder of his lecture.
Acton Institute President and Co-Founder Rev. Robert A. Sirico was invited on America’s Morning News, a syndicated radio show, earlier this week to talk about tonight’s vice-presidential debate between Vice President Joe Biden and Rep. Paul Ryan. Rev. Sirico talks about how the candidates’ Catholic faith will play into the exchange. Click on the player below to listen in.
If you haven’t read Rev. Sirico’s new book, Defending the Free Market: The Moral Case for a Free Economy, then order a copy today. Download a free chapter or buy the book, now available in an audio version, here.
The 2008 credit crisis is not only a crisis in economics, but also a crisis in the basic concepts and assumptions that underlie our thinking about economics, economics as a science. Critical analyses are called for of both economic practices and economic theory. New concepts and paradigms are needed. The first Kuyper Seminar Amsterdam aims at exploring what resources the Christian tradition has to offer for developing a sustainable and just economy of the future.
Jordan Ballor’s paper, “Dietrich Bonhoeffer, the Two Kingdoms, and Protestant Social Thought Today,” just made the Social Science Research Network’s current Top Ten download list for Philosophy of Religion eJournal. From the abstract:
Last century’s Protestant consensus on the rejection of natural law has been quested in recent decades, but Protestant social thought still has much work to do in order to articulate a coherent and cogent witness to contemporary realities. The doctrine of the two kingdoms has been put forward as a model for advancing the discussion, and while there is much to be learned from such a doctrine, its excesses ought to be avoided, just as the excesses of a transformationlist ethic ought to be avoided as well. Dietrich Bonhoeffer, the Lutheran pastor and theologian, is put forward as an example of a modern Protestant thinker with much to offer towards the advancement of Protestant social thought today, particularly with regard to his perspectives on the two kingdoms and the divine ethical mandates (marriage, work, government, and church).
You can download a free copy here.
It is important to remember that for Kuyper, reflection upon these disciples is not for the sake of their own merit, but instead, in an attempt to bring a coherent understanding of how, as the foreword states, ‘the gospel, and thereby the practice of the Christian faith, relates to every single area of society.’
Many who profess an interest in Kuyper have often become Kuyperians by reading about Kuyper instead of reading him. For many, Kuyper’s influence is mediated through second-hand sources. Wisdom & Wonder is an important step in bringing Kuyper’s cultural theology to bear on new audiences.
Wisdom & Wonder consists of the last ten chapters of Volume 3 in the larger Common Grace set by Abraham Kuyper. Common Grace Volume 1 will be released in early 2013. Click here for more information on the Kuyper Translation project. Read Walker’s entire review here, and connect with the Common Grace project on Facebook here.
Article: “Big Questions and Poor Economics”
James Tooley. “Big Questions and Poor Economics: Banerjee and Duflo on Schooling in Developing Countries.” Econ Journal Watch 9, no. 3 (September 2012): 170-185.
In Poor Economics, MIT professors Abhijit Banerjee and Esther Duflo set out their solutions for global poverty. Their key premise is that development experts have been sidetracked by the “big questions” of development, such as the role of government and the role of aid. This approach, they say, should be eschewed in favour of adopting carefully tested “small steps” to improvement. The book ranges widely, covering topics such as food, health, family planning and microfinance. Here I treat only their arguments on education in developing countries. Poor Economics points to evidence that shows that governments have not been successful in bringing quality education to the poor. Nevertheless, the authors bring their own big-think judgments to suggest why, despite the evidence, governmentally owned and operated schooling should remain central. Part of their own evidence concerns how private schooling, including for the poor, is burgeoning and outperforming government schooling. But private education cannot be the solution, they argue, because private schooling is not as efficient as it could be. The problems identified by Banerjee and Duflo are, however, clearly caused by bad public policy. I suggest that development economists are quite justified in forming and exercising judgment on the big questions, and that when they do exercise such judgment they should be aware that they are doing so.
This week, in Christianity Today, HOPE International’s Chris Horst profiles another Christian business, Blender Products, whose owners Steve Hill and Jim Howey actively work to elevate the practices of the metal fabrication business and, above all, operate their business “unto the Lord.”
Their company’s foundational verse? Colossians 3:17: “And whatever you do, in word or deed, do everything in the name of the Lord Jesus, giving thanks to God the Father through him.”
“The metal fabrication business is extremely cutthroat,” says Hill. “Workers are given a singular task, and maximum output is demanded. They’re simply a factor of production. As a general rule, they have no access to management. There is very little crossover between guys on the floor and guys in the offices.”
Hill and Howey aim to subvert the us-versus-them mentality. Many days they walk the shop floor, engaging their workers as peers. Employees on the floor are treated as importantly as the managers, undermining the adversarial culture simmering in many manufacturing businesses.
“The company has tried to abide by a simple philosophy concerning our employees,” Steve said. “Pay them well, provide great benefits, and invest in lives…The guys in our shop… know that I’m a human too. I have many of the same struggles they do. Showing humanness to people is key to disarming those stereotypes.”
And the employees aren’t the only ones who benefit:
The very work that Blender employees accomplish benefits a broader community. On the shop floor, talented metal artisans convert stacks of sheet metal—what looks like an oversized stack of paper—into massive fans that improve the efficiency of machinery by mixing airstreams. Their proprietary mixing designs decrease pollution, reduce machinery fire risks, and improve ventilation wherever they’re installed. Fastened in hospitals, schools, office buildings, and factories, they silently make buildings and machines work better and safer.
But although Hill and Howey’s Christian values inform the way they conduct their business and treat their employees, the approach has impacted far more than employee paychecks, customer satisfaction, and environmental stewardship:
World Politics Review recently interviewed Acton Research Director Samuel Gregg about the Vatican’s foreign policymaking:
WPR: What are the main policy initiatives that the Vatican is currently promoting on the international stage, and how receptive are other nations to its interests?
Gregg: At present, one major initiative concerns the promotion of religious liberty. The Holy See believes this right is poorly recognized in many nations — especially in the Middle East and China — and that Christians are suffering as a direct result. The Holy See is also concerned that religious liberty is being eroded in some Western nations in the sense a number of governments now prefer to speak of “freedom of worship,” which has a more restrictive meaning.