Latest Posts

How the Vatican misunderstands finance

Earlier today, the Vatican released Oeconomicae et pecuniariae quaestiones, a statement on “ethical discernment regarding some aspects of the present economic-financial system.” The document outlines sound general principles, says Acton research director Samuel Gregg, but also reflects the Church’s present struggle to comprehend modern finance: Over the past decade, various Vatican offices have produced several documents addressing the vexed topic of finance and banking. Continue Reading...

Socialism is fueling assaults on churches: Report

Violations of religious liberty, including physical assaults against church buildings, increased in 2017, according to a report from a watchdog based in Spain. Socialists perpetrated many of these attacks – which ranged from vandalism to attempted fire-bombings with Molotov cocktails – to protest both the Roman Catholic Church’s stance on social issues and its impact on economics. Continue Reading...

PowerLinks 05.17.18

What having a baby has taught me about GDP John Ashmore, CapX Traditional GDP measurement cannot capture the value of the sharing economy. Why Government Corruption Is the True Enemy of Economic Freedom Patrick Tyrrell and Anthony B. Continue Reading...

Radio Free Acton: Tech & Work on Israeli innovation; Upstream on HBO’s ‘Fahrenheit 451’

On this episode of Radio Free Acton, Dan Churchwell, associate director of program outreach at Acton, speaks with Eugene Kandel, CEO of Start-Up Nation Central, on Israeli innovation. Then, on the Upstream segment, Bruce Edward Walker speaks with Phil Nichols, senior advisor at the Center for Ray Bradbury Studies, on the new “Fahrenheit 451” movie from HBO, which releases May 19. Continue Reading...

Karl Marx: Father of Catholic social teaching?

First, the chancellor of the Pontifical Academy of Social Sciences said, “Right now, those who are best implementing the social doctrine of the Church are the Chinese.” Now, Cardinal Reinhard Marx of Germany has credited Karl Marx with helping craft Catholic social teaching. Continue Reading...

How property rights originated from Christian theology

Property rights originated from Christian theology, and have proven themselves empirically over the past couple hundred years, says economist Eric Falkenstein. “The liberal ideas that gave rise to the Enlightenment are generally thought (eg, Steven Pinker) to be a break from a religious thinking,” adds Falkenstein. Continue Reading...

PowerLinks 05.16.18

There’s No Such Thing as Moderate Marxism Clive Crook, Bloomberg From the outset, violence and totalitarianism were hard-wired into Marx’s political project. Majorities See Government Efforts to Protect the Environment as Insufficient Cary Funk, Brian Kennedy, Meg Hefferon and Mark Strauss, Pew Research Pockets of partisan agreement over renewables despite wide divides over increasing fossil fuels and effects of climate change. Continue Reading...

Samuel Gregg on the inconsistencies of liberalism

What defines “liberalism” today, and how has liberalism evolved over the past centuries? The ideology of liberalism contains many contradictions, making its definition (and history) a convoluted one. The further liberalism strays from human reason, a true anthropology, and moral culture, the harder it becomes for liberals to coherently advocate for life and liberty. Continue Reading...

What can economics teach us about moral ecology?

In exploring the various connections between morality, theology, and economics, we routinely long for philosophers and theologians who understand economics, just as we crave economists who understand the bigger picture of self-interest and human destiny. Continue Reading...