Posts tagged with: Samuel Gregg

Blog author: sstanley
posted by on Friday, August 22, 2014

Jeff Mirus, president of CatholicCulture.org, recently wrote about some problems with Catholic social teaching, commenting on Samuel Gregg’s piece, ‘Correcting Catholic Blindness.’ Mirus argues that “Catholic social teaching goes beyond strict principles to assess specific social, economic and political policies, it has too often tended to see the possibilities with a kind of tunnel vision. It sees (or rather its writers tend to see) through the lens of ‘what might be loosely labeled a mildly center-left Western European consensus.’”

…when it comes to social teaching, Samuel Gregg wants the Church (and Catholics generally) to pay attention to what actually does and does not work.

Catholic social teaching, even at the Magisterial level, invariably addresses two things, only one of which enjoys the protection of the Holy Spirit. The first is the moral principles which must govern our social, economic and political affairs—principles like the universal destination of goods, solidarity and subsidiarity. The second is the prudential application of these principles to real situations in the real world. The former enjoys the protection of the Holy Spirit; the latter depends on practical wisdom. (more…)

John Horvat II, author of Return to Order, recently interviewed Acton’s Director of Research, Samuel Gregg, about a variety of topics, including: Gregg’s interest in economics, Becoming Europe, Thomas Piketty and his controversial Capital in the Twenty-First Century, St. Thomas Aquinas, and the greatest threat to the American economy.

John Horvat: I have had the great pleasure of reading several of your books on economics. I suppose my first question is: how did you end up in the middle of the “dismal science?”

Dr. Gregg: I did some economic history as an undergraduate and for my graduate study, but it was really through studying natural law philosophy when doing my doctorate that I came to enter into some of the deeper background questions about the strengths and weaknesses of economics and economies. I was also very interested in the relationship between economics and culture – the latter being understood as the choices, beliefs, actions, values, and institutions that shape a society, including its economic arrangements. (more…)

SONY DSCJapan and Australia recently signed and passed a trade agreement that abolishes or reduces some tariffs on their highest grossing trade items: beef and dairy from Australia and electronics from Japan. State officials as well as the media have branded this a “free trade agreement;” however, this is actually an example of a “Preferential Bilateral Trade Agreement.” While this is not as desirable as free trade agreements are, it is certainly a step in the right direction. Trade is almost always mutually beneficial provided that neither party is coerced ­­­­­– if it were not, then trade would never take place. Because of the international success of free trade agreements in that region, China is being forced to keep up by becoming more competitive in the international market.

Early this month, China met with South Korea to begin drafting a new bilateral trade agreement. The result is the Won-Yuan trading market in Seoul, which will be complete by the end of the year. This will enable South Korea to trade with China and not rely upon the dollar to do so, thus accelerating trade between the two countries. Up until this agreement passed, the Korean Won was not directly convertible to the Chinese Yuan, requiring the two countries to find another currency as the medium of exchange, specifically, the U.S. dollar. The agreement illustrates that China is increasing the economic freedom of the country in an attempt to boost its wealth and trade efficiency. Acton’s director of research, Samuel Gregg recently discussed transitions to more economic freedom and the ensuing religious freedom that comes with that. Gregg states:

Once you grant liberty in one area, it’s hard to preclude freedom from spreading to other spheres. Economic liberty, for instance, requires and encourages people to think and choose freely. Without this, entrepreneurship is impossible. It’s challenging, however, to limit this reflection and choosing to economic questions. People start asking social questions, political questions, and, yes, religious questions. And many Chinese have decided Christianity is the answer to their religious ponderings.

China has the experienced benefits from economic deregulation experiments, such as in Hong Kong, and the country as a whole seems to be headed down a very similar path. Liberty in China has had a direct connection to economic improvement. The government seems to have had a proclivity to allow such freedoms in order to attain wealth. By lessening trade restrictions, they are crafting a tomb for their socialist regime.

Thanks to the trade act, China is allowing for religious freedom to take hold as Gregg points out. China is still one of the most religiously repressed countries at this time, which is continued only due to the government’s power over it.  With the wane of the Chinese government’s power, there will be a more vibrant religious and cultural exchange that comes naturally with trade.  When there are multiple faiths and ideals, ideas are challenged and thoughts are provoked. Truth is often the result, and liberty follows, whether it be economic, cultural, or religious. In this particular instance, North Korea sees the trade agreement as an attack.  One stratagem countries such as North Korea employ is isolation. The North Korean people know little more than what the government tells them, and they are only aware of the culture that the government deems appropriate.

The days of the Chinese socialist state are numbered. Chinese people are ready for change, as can be seen in their willingness to adapt to more Western methods of thinking and ideals such as the growing respect for personal liberty and free markets. If China is careful about the transformation, and realizes what is happening; it could become one of the wealthiest countries in physical capital, knowledge, culture, and liberty. It remains a country to keep a careful eye on over the next decade.

Blog author: nbarger
posted by on Thursday, July 3, 2014
charles carroll

Charles Carroll

This weekend marks another celebration of America’s birthday of Independence from our colonial rulers. It is typical to praise the founding fathers for what they did in 1776 and the subsequent years to lay down the foundation for this country. Very often, when people talk about the founding fathers they are referring to Washington, Franklin, Adams, Jefferson, or one of the many currently well-known statesmen of the Revolution. This year though, when people sing the praises of the Founding Fathers, I would urge them to think of one more man, Charles Carroll of Carrollton.

All the men that joined together to sign to the Declaration of Independence took a great risk in putting their name on that document. However, not many took as a great a risk as Charles Carroll, a representative from Maryland at the Second Continental Congress. Carroll’s prominence was well known throughout the colonies, and he was considered to be the wealthiest colonist at the time of the signing, as noted by Samuel Gregg is his book Tea Party Catholic. With that wealth brought distinction for his ideals, stemming from his education in Catholic schools and his Catholic faith. By signing the Declaration he risked not only his life, but his entire family fortune as well. (more…)

TeaPartyCatholicBruce Edward Walker, recently wrote a column for the Morning Sun that relates the recent Supreme Court decision on Hobby Lobby with America’s Founding and Samuel Gregg’s latest, Tea Party Catholic. The piece begins by discussing the Declaration of Independence and one of its signers, Charles Carroll,  “a successful Maryland businessmen,” Walker says, “who was also Roman Catholic and thus denied voting rights and the freedom to hold government office under British colonial rule. In other words, Carroll had a  bigger dog in the fight for independence than any of his fellow American Protestant revolutionaries.”

Walker continues:

For Gregg, Carroll represents a fitting template for contemporary Christians of a particular denomination who advocate for lower taxes and less government intervention in the exercise of their respective faiths or other aspects of their lives. Such pushback against the state was the impetus for our War of Independence, and is the spark that ignited the Tea Party movement – the latter whose members fight for similar freedoms without ridiculous assertions of resorting to guns, jihads, crusades or even remote considerations thereof. (more…)

Writing for Canada’s National Post, Acton University lecturer Fr. Raymond de Souza calls our attention to the 25th anniversary this year of the defeat of communism and observes that “there are new questions about the unity of liberties.” In the 1980s, he writes, “when in the Gdansk shipyard the workers began to rattle the cage of communism, they demanded economic liberties (free trade unions), personal liberties (speech, the press), political liberties (democracy), legal liberties (against the police state) and religious liberty (the strikers insisted upon public worship in the shipyard itself).”

In continuity with older revolutions and even older political philosophy, he adds, “the liberties demanded were thought to be all of a piece. Liberty was not divisible, it was thought and often said. Today that question is is up for debate.”

For his National Post column, Fr. de Souza interviewed theologian Michael Novak — also lecturing at Acton U. in Grand Rapids, Mich., this week.

(more…)

Blog author: sstanley
posted by on Wednesday, May 28, 2014

indexActon’s Director of Research, Samuel Gregg, recently wrote an article at Aleteia about the recent Great Recession and Former president of the Federal Reserve Bank of New York and Treasury Secretary Timothy Geithner’s book, Stress Test: Reflections on Financial Crises. Gregg begins by noting that economists and historians are still speculating about the causes of the Great Depression and doesn’t doubt that similar debates will occur about more recent economic decline. He says, “it’s not surprising that some of those who were closets to the policy epicenter of the maelstrom are anxious to get their version of events on the record” and it’s hardly surprising that now Geithner is talking about it. Gregg continues:

Stress Test is written in the regrettably chatty, forced-informality manner of too many memoirs by politicians and public officials in our age of excessive casualness, selfies, and perpetual adolescence. For all that, however, Geithner does make a sincere effort to explain himself and his actions — even if his account won’t convince everyone.

Judging from this text (but also from other books written on the financial crisis by other players), Geithner comes across as an intelligent, decent man who found himself dealing with incredibly difficult problems in an environment full of Zeus-sized egos inside the self-referential bubble of Washington, D.C. “I wasn’t,” he writes, “a banker, an economist, a politician, or even a Democrat” (1). Indeed Geithner stresses over and over again his independence. The Left, according to Geithner, saw him as “Wall Street’s wingmen” while Wall Street thought he and others were “Che Guevaras in suits” (20). (more…)

A couple of interviews to bring you up to speed on from that last couple of days:

First of all, here’s Acton Director of Research Samuel Gregg on the GRN Alive morning show on the Guadalupe Radio Network this morning to discuss current efforts to raise the federal minimum wage, giving his analysis on the likely impact of such a move on the economy and the job market.

And from yesterday, here’s Acton co-founder and President Rev. Robert A. Sirico with host Mike Rosen on The Mike Rosen Show on 850 KOA in Denver, Colorado, to discuss Pope Francis’ recent comments to United Nations officials, which included remarks on “legitimate redistribution of economic benefits by the State.” Rosen and Sirico speak extensively about Catholic teaching on economics, and about the misleading nature of the term “trickle-down economics.”

economicreligionSam Gregg, Acton’s Director of Research, makes the case that limiting religious liberty also infringes upon economic growth in The American Spectator. Gregg uses history to illustrate the point.

Unjust restrictions on religious liberty often come in the form of limiting the ability of members of particular faiths to participate fully in public life. Catholics in the England of Elizabeth I and James I, for instance, were gradually stripped of most of their civil and political rights because of their refusal to conform to the established Church.

The assault on their freedom, however, went beyond this. Perhaps even more damaging was the attack on their economic liberty. This came in the form of crippling fines being levied on recalcitrant Catholics by governments short on revenue, not to mention restrictions on Catholics’ ability to own and use their property as they saw fit.

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Zenit, the Catholic news service, published a recap of Acton Institute’s conference, “Faith, State, and the Economy: Perspectives from East and West.” The event, held in Rome on April 29, brought expert speakers from around the world to explore the complex relationship between religious liberty and economic freedom. For more on this conference and others planned in the series titled “One and Indivisible? The Relationship Between Religious and Economic Freedom,” please visit this page.

Zenit asked Acton Research Director Samuel Gregg what Catholic social service organizations can do in order to not compromise their Catholic identity:

Gregg underlined the importance of De Caritate Ministranda, “On the Service of Charity” – a 2012 document Benedict wrote upon the recommendation of Cardinal Robert Sarah who heads the Pontifical Council Cor Unum, the Vatican’s main oversight agency for charitable activities.

The document, Gregg said, made it “very clear that if Catholic charitable organizations accept funding, whether it be private or government, and it starts to cause the organization to compromise its identity, mission, ability to employ who it wants to employ, its ability to do what it wants to do in accordance with Church teaching, then bishops have the responsibility to stop Catholic organizations from accepting [these funds].”

“It’s well worth reading,” Gregg said, as “it is forcing Catholic organizations to ask themselves some very hard questions, such as: ‘Who is our master?’”

Read more of “International Experts Examine Religious and Economic Freedoms” On Zenit.