As we reap the benefits of market exchange and observe the many achievements of free trade and globalization, it’s easy to give credit to the market itself, either ignoring or forgetting the supporting individuals, communities, and institutions who actively leveraged it for the common good.

Read more on Where Capitalism Ends, the Covenant Continues…

In this week’s Acton Commentary, I take a look at the relationship between sacrifice and self-interest. One of the common complaints against market economies is that they foster selfishness.

But as Paul Heyne points out, it is crucially important to distinguish between self-interest and selfishness: “Many of the most eminent and sophisticated theorists in the economics profession make no effort to distinguish between self-interest and selfishness or between rational behavior and greedy behavior.” The failure to make such a distinction leads to some pretty strange conclusions about the motivations behind human behavior. If you want to know why people work, just look at what they do with the money they earn.

To this end, I also highlight the perspective of Herman Bavinck, who describes the rhythmic relationship between the spheres of family and work:

Through the family God motivates us to work, inspiring, encouraging, and empowering us to work. Through this labor he equips us to survive not for the sake of satisfying our lusts but for the sake of providing for our family before God and with honor, and also to extend the hand of Christian compassion to the poor.

We go out to work to provide for our families, and we return home from work to enjoy and share the fruits of our labors. We do this daily, in fact. There is a deeply intimate connection here in the cycle between home and work, the dual aspects of the cultural mandate: Be fruitful and multiply and fill the earth and exercise dominion over it.
Read more on Acton Commentary: Sacrifice and Self-Interest…

Panel: “Why Morality-Free Economic Theory Doesn’t Work”

“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.

Read more on ResearchLinks – 10.12.12…

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.
Read more on ‘To Fail or To Flourish: Does My Life and Work Really Matter?’…

Don’t miss out on your chance to apply for a scholarship for the spring 2013 semester!

If you or someone you know would like to be considered for a Calihan Academic Fellowship, the deadline to submit application materials is Monday, October 15. Eligible candidates include graduate students or seminarians pursuing fields such as theology, philosophy, economics, or related themes promoted by the Acton Institute. Visit the Calihan Academic Fellowship page on Acton’s website for more detailed information on eligibility and the application process. Contact Michelle at mhornak@acton.org with any scholarship-related questions.

Read more on Monday: Calihan Scholarship Deadline…

At the online Prager University, lecturer Frank Pastore asks: “Do you have the ability to shape your own destiny? Is there a difference between your mind and your brain? Or is free will just a convenient delusion? Are you really just a product of physical forces beyond your control?”

Read more on Video: Do You Have Free Will?…

Photo Credit: USA Today
Click for original source.

On Friday, representatives from the Orthodox and Roman Catholic churches, including His Holiness Kirill, Patriarch of Moscow and all Rus and Metropolitan Josef Michalik, President of the Polish Bishops’ Conference, signed a joint message committing to further work toward reconciliation between the Russian and Polish peoples and between the two churches. Read more on Catholics and Orthodox Seek Reconciliation in Poland…

Call for Papers: “Our Entrepreneurial Future: East, West, North, and South”

The Association of Private Enterprise Education Annual Conference, Maui, Hawaii, April 14 – 16, 2013. “Our Entrepreneurial Future: East, West, North, and South.” The Association of Private Enterprise Education (APEE) invites the submission of papers for its 38th International Conference in Maui, Hawaii, April 14-16, 2013. The Association is composed of scholars from economics, philosophy, political science, and other disciplines, as well as policy analysts, business executives, and other educators. APEE’s annual meeting explores topics related to private enterprise in an atmosphere that respects market approaches. Presentations reflect the latest research in fields such as regulation, public choice, microeconomics, and Austrian economics, as well as development of instructional techniques. The submission fee for the society’s journal, The Journal of Private Enterprise, is waived for papers presented at the conference.

Article: “What is the Philosophy of Law?”
John Finnis, SSRN

Read more on ResearchLinks – 08.10.12…

Os Guinness makes the concise yet brilliant defense of the centrality of truth in the introduction to One Word of Truth: A portrait of Aleksandr Solzhenitsyn by David Aikman.

This short introduction not only offers keen insight into Aleksandr Solzhenitsyn, but directly speaks to the ills of our society.

Read more on Os Guinness on Solzhenitsyn and Truth…

Conference: “Free Markets with Solidarity and Sustainability: Facing the Challenge”

Ethical human agency is only possible with freedom. Freely turning to the good, which the Creator has given us, is the highest sign of human dignity. The proper exercise of freedom requires “specific conditions of an economic, social, juridic, political and cultural order”. (Compendium of the Social Doctrine of the Church, n. 137) The free market is one of these institutions. The free market is the most efficient instrument to guarantee the distribution of goods and services in society. Beyond efficiency, however, markets need sound ethical and cultural foundations. Only free markets can be ethical markets, and only ethical markets can function in freedom. One of these primary and universally recognized ethical principles is charity.

Call for Papers: “The State of the Consecrated Life in Contemporary Canada”

Read more on ResearchLinks – 07.13.12…