Posts tagged with: wealth

Jordan J. Ballor
posted by on Wednesday, September 8, 2010

There has been some good discussion over the past week and Labor Day holiday about the nature of work and its role in our lives (particularly here).

The first thing I’d like to point out about Lester DeKoster’s claims regarding work is that he has in mind, at least partially, the classical Greek philosophical distinction between the active and contemplative life, particularly its disdain of manual labor. You can get a hint of this from the video short, “How did Plato and Aristotle Justify Slavery?” Some people are simply born to work with their hands and be governed by those who are wiser and able to think, take responsibility for society, and so on.

Read more on Labor and the Limits of Work…

Jordan J. Ballor
posted by on Tuesday, September 7, 2010

Today’s NYT has an op-ed by David Brooks that’s been getting good cyber-circulation, “The Gospel of Wealth.” Brooks highlights in particular Southern Baptist pastor David Platt, who is touted as the youngest mega-church leader in the country. Rebelling in many ways from the new traditions associated with mega-churches, Brooks says Platt inhabits the nexus between “between good and plenty, God and mammon,” spirituality and materiality, and that Platt “is in the tradition of those who don’t believe these two spheres can be reconciled.”

Read more on Toward Sustainable Wealth and Profit…

Acton University faculty member Jeffrey Tucker has an insightful essay over at InsideCatholic.com, “Why Catholics Don’t Understand Economics.”

Throughout the piece, Mr. Tucker employs a distinction between scarce, economic goods, and non-scarce, infinitely distributable, spiritual goods:

Read more on Jeffrey Tucker: Why (Some) Catholics Don’t Understand Economics…

This week I’m attending Mises University, one of the largest and most rigorous summer courses in the Austrian School of economics (or “reality economics,” as my friend Michael McKay likes to call it).

Read more on A ‘Reality Economics’ View of Entrepreneurship…

In this week’s Acton Commentary, “Lutheran World Federation Misses the Mark on Work and Wealth,” I reflect on the recently concluded general assembly of the Lutheran World Federation, held in Stuttgart. The theme of the meeting was “Give us today our daily bread,” but as I note, the assembly’s discussion of hunger, poverty, and economics lacked the proper integration of the value, dignity, and importance of work.

As I contend, work is the regular means God has provided for the maintenance of our physical needs. And work that is connected to the larger human community becomes increasingly oriented toward the service of others and productive of civilization. Lester DeKoster defines civilization in just this way, as

goods and services to hand when we need them. There are countless workers, just like ourselves—including ourselves—whose work creates the harvest that provides each of us with far more than we could ever provide for ourselves.

These words come from DeKoster’s little classic, Work: The Meaning of Your Life—A Christian Perspective, newly available in an updated second edition.

The omission of considering work in relationship to the development of wealth, globalization, and civilization is endemic to the larger mainline ecumenical movement, which I examine in greater length in my book, Ecumenical Babel: Confusing Economic Ideology and the Church’s Social Witness. In that book I look especially at the outcome of the previous LWF gathering in 2004.

The trend observable in LWF recent history looks to continue unabated. The newly appointed LWF general secretary, Rev. Martin Junge of Chile, has the pursuit of “economic justice,” conceived largely of opposition to globalization, as a high priority. (Full story after the break).
Read more on Work, Globalization, and Civilization…

Jordan J. Ballor
posted by on Thursday, January 14, 2010

The Big Picture blog has some remarkable images from the last 48 hours in Haiti (warning: there are disturbing images among the collections).

In the wake of the disaster, many are looking back at Haiti’s history to see what has kept this nation in generations of economic despair. As the AP reports:

Read more on Haiti: Two Days Later…

Jordan J. Ballor
posted by on Tuesday, December 22, 2009

As a follow-up note to my previous post, “Wealth and Fidelity, Golf and Marriage,” it’s worth exploring in some more detail the multi-billion dollar phenomenon that has been called “Tiger, Inc.” and the relationship between power in sports, wealth, and politics.

Read more on Power in Sports, Wealth, and Politics…

Jordan J. Ballor
posted by on Tuesday, December 15, 2009

Amidst all the craziness of l’affaire d’Tigre there are some important questions being raised about the linkage between power, wealth, and faithfulness.

The Wealth Report at The Wall Street Journal asks, “Is it harder to stay faithful with large wealth?”

Read more on Wealth and Fidelity, Golf and Marriage…

Ray Nothstine
posted by on Friday, May 15, 2009

richards-book1The belief that the essence of capitalism is greed is perhaps the biggest myth Jay W. Richards tackles in his new book, Money, Greed, and God: Why Capitalism is the Solution and not the Problem. One reason for confronting this challenge is that many free market advocates subscribe to the thought that capitalism produces greed, and for them that’s not necessarily a negative. But for those with a faith perspective, greed and covetousness are of course serious moral flaws.

It’s also the kind of myth that less articulate writers would rather not challenge, especially in this troubling economic climate. Richards does however have a skill for tightly honed logical arguments, and he not only is able to defend free markets but tear lethal holes into many of the economic ramblings of the religious left. He even takes on holy of holies like fair trade and Third World debt relief. Richards argues that the free market is moral, something that may come as a surprise to many people of faith. This book provides a crushing blow to those involved in the ministry of class warfare or those who wish to usher in the Kingdom of God through “nanny state” policies.

The book divides into eight chapters, with each chapter discussing a common held economic myth like the “piety myth” or “nirvana myth.” Richards says the piety myth pertains to “focusing on our good intentions rather than on the unintended consequences of our actions.” The nirvana myth characterizes the act of “contrasting capitalism with an unrealizable ideal rather than with its live alternatives.” Richards himself states, “The question isn’t whether capitalism measures up to the kingdom of God. The question is whether there’s a better alternative in this life.”

The influence of libertarian economist Henry Hazlitt and Wealth and Poverty author George Gilder are evident through out this book. But the overarching strength of Richards work is how he places the free market message into the context of Christian discussions and debate. Unfortunately before this response, many of the economic arguments by the Christian left weren’t properly countered in popular mediums. Furthermore, the wanton excess of prosperity gospel advocates only fueled or provided ammunition for the religious left’s rebuke of the free market. Read more on Review: Money, Greed, and God…

Jordan J. Ballor
posted by on Friday, April 3, 2009

Sports are still able to foster human virtues, especially classical virtues like courage and fortitude. Like any good thing, sport all too often risks becoming an idol, not because of any fault within the institution itself so much as the fault lying within each human participant.

Read more on PBR: Glory and Money…

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