“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.
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.
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 email@example.com with any scholarship-related questions.
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?”
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. (more…)
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
The philosophy of law is not separate from but dependent upon ethics and political philosophy, which it extends by that attention to the past (of sources, constitutions, contracts, acquired rights, etc.) which is characteristic of juridical thought for reasons articulated by the philosophy of law. Positivism is legitimate only as a thesis of, or topic within, natural law theory, which adequately incorporates it but remains transparently engaged with the ethical and political issues and challenges both perennial and peculiar to this age. The paper concludes by proposing a task for legal philosophy, in light of the fact that legal systems are not simply sets of norms.
Book Note: “Markets and Growth in Early Modern Europe”
Victoria N. Bateman, Markets and Growth in Early Modern Europe
This is the first study to analyze a wide spread of price data to determine whether market development led to economic growth in the early modern period. Bateman compares agricultural data with less abundant information on cloth, candles and olive oil from numerous European cities. Using a range of economic measures applied to a larger set of goods, she shows that market development occurred earlier than was previously believed.
What was the intended purpose and function of the Bill of Rights? Is the modern understanding of the Bill of Rights the same as that which prevailed when the document was ratified? In Limited Government and the Bill of Rights, Patrick Garry addresses these questions. Under the popular modern view, the Bill of Rights focuses primarily on protecting individual autonomy interests, making it all about the individual. But in Garry’s novel approach, one that tries to address the criticisms of judicial activism that have resulted from the Supreme Court’s contemporary individual rights jurisprudence, the Bill of Rights is all about government—about limiting the power of government. In this respect, the Bill of Rights is consistent with the overall scheme of the original Constitution, insofar as it sought to define and limit the power of the newly created federal government.
Lectures: “Theology of Mission”
Edmund Clowney, Westminster Theological Seminary
These are 37 audio lectures from Edmund Clowney (1917-2005) of Westminster Theological Seminary from his course, “Theology of Mission,” within a broader biblical and historical study of mission and the “theology for the city.” This is one of the offerings from WTS made available via iTunesU.
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.
Guinness points out that much of the West, to its detriment, paid closer attention to the political opposition to communism over the moral proposition on which it rested, thereby missing the true power of Solzhenitsyn. Spiritual freedom and political freedom are deeply intertwined. It is a sentiment articulated so well by the founders and framers of this nation. It has been largely forgotten today or simply misunderstood.
“Knowledge is power but truth is freedom,” says Guinness. Making the case for ordered liberty, Guinness adds that “without truth we are all vulnerable internally to passions and externally to manipulation.” He quotes Walter Lippmann who declared, “There can be no liberty for a community which lacks the means to detect lies.” He echoes Lord Acton who stated that freedom is “not the power of doing what we like, but the right of being able to do what we ought.”
This introduction is worth continually revisiting over one’s life. Guinness quotes the French philosopher Simone Weil, who stated, “We live in an age so impregnated with lies that even the virtue of blood voluntarily sacrificed is insufficient to put us back on the path of truth.” It’s a reminder of the words of the Apostle Paul in Romans 1, where he wrote that those lost in sin and without repentance are given over to their sinful desires. “They exchanged the truth about God for a lie, and worshiped and served created things rather than the Creator—who is forever praised,” says Paul. (Romans 1:25)
PowerBlog readers can thank Elizabeth Dyar of RaceFans4Freedom, another Solzhenitsyn admirer, for alerting me to this gem. Below is the recording of Os Guinness on Aleksandr Solzhenitsyn and truth:
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”
We are pleased to announce an extended deadline for the Call for Papers for the “State of the Consecrated Life in Contemporary Canada” Conference to be held on 25-26 January 2013 in Montreal, Quebec. This conference is held as a part of a Social Sciences and Humanities Research Council of Canada research grant that explores the state of consecrated life in contemporary Canada and seeks will bring together leading researchers from Canada and abroad to share research and insights on this important subject. For more information, please see the attached document or the conference website: www.consecratedlife.ca. The new deadline will be 31 July 2012. Please forward this information to any colleagues, students or contacts who might be interested.
International Congress on Medieval Studies, 9-12 May 2013. By the late medieval period, merchants formed an integral part of urban society; among their activities, they facilitated trade between city centers, participated in the governing of cities, and were patrons of churches and monasteries. At the same time, the wealth that they amassed and their sometimes morally dubious activities, such as money lending, often left merchants fearful of what the afterlife would bring, causing them to appeal directly to specific saints for intercession. This session seeks to explore the religious lives of these elite members of urban society, specifically considering the individual saints to whom merchants appealed for their earthly protection and heavenly salvation as well as the manner in which they made these appeals.
Call for Papers: “Technology and Human Flourishing”
2012 Baylor Symposium on Faith and Culture (Thursday, October 25-Saturday, October 27) Technology changes us—and the world around us—in countless ways. It eases our labor, cures diseases, provides abundant food and clean water, enables communication and travel across the globe, and expands our knowledge of the natural world and the cosmos. The stuff of science fiction is now, in many cases, reality, and it can make our lives longer, healthier, and more productive than ever. But technological advance is not without complication, and even ardent proponents of technology recognize that our present age of innovation is fraught with concern for unintended consequences.
Paper: “The Decision to Delay Social Security Benefits: Theory and Evidence”
John B. Shoven and Sita Nataraj Slavov, NBER Working Papers
Social Security benefits may be commenced at any time between age 62 and age 70. As individuals who claim later can, on average, expect to receive benefits for a shorter period, an actuarial adjustment is made to the monthly benefit amount to reflect the age at which benefits are claimed. We investigate the actuarial fairness of this adjustment. Our simulations suggest that delaying is actuarially advantageous for a large subset of people, particularly for real interest rates of 3.5 percent or below.
If you, or someone you know, are searching for last-minute scholarship opportunities, I invite you to please take the time to learn more about the scholarship programs offered through the Acton Institute.
Through the Calihan Academic Fellowship program, Acton’s Research department offers scholarships and research grants from $500 to $3000 to graduate students and seminarians studying theology, philosophy, economics, or related fields. Applicants must demonstrate the potential to advance understanding in the relationship between theology and the principles of the free and virtuous society. Such principles include recognition of human dignity, the importance of the rule of law, limited government, religious liberty, and freedom in economic life. Please visit the Calihan Academic Fellowship page on our website to download applications and obtain additional information about eligibility, conditions, the selection process, application requirements, and deadlines. In order to qualify for the upcoming deadline for the 2012 Fall Term, all application materials must be postmarked by July 15.
Have a new book, or one not so new, that you’d like to recommend to PowerBlog readers for packing away to the beach and vacation spot? Add your picks to the comment box on this post.
Let’s begin with five books selected by Acton Research Director Samuel Gregg, who was a contributor to National Review Online’s symposium, “Got Summer Reading?”
By Samuel Gregg
For those who sense we’re presently reliving the 1930s (sigh), this is the book Paul Krugman and the other high priests of the economic left don’t want you to read. Anyone searching for an account of the New Deal that simply tells the truth about how and why it failed will benefit from reading Amity Shlaes’s The Forgotten Man (2008). Her well-written narrative of the Roosevelt administration’s failures and arbitrariness as it wrestled with the Great Depression not only reveals the New Dealers as truly out of their depth; it also indirectly raisesquestions about some disturbing trends in contemporary American political and economic life.
Another book that gets beneath superficial commentary on a subject that needs further discussion is David Satter’s It Was a Long Time Ago, and It Never Happened Anyway (2012). As we all know, the Left in America and Europe (in fact, everywhere) has never really acknowledged the full barbarity of Communism. Satter’s text, however, underscores just how much denial and downplaying of the sheer moral and physical destruction wrought by the Soviet experiment continue to poison contemporary Russian politics and culture. (more…)