The “information theory of capitalism”, says Rev. Johannes L. Jacobse in this week’s Acton Commentary, upends conventional thinking about free markets and statist economic theories.

Ever since the rise of information theory in the 1940s, it is becoming increasingly clear that the universe is, in a sense, digital. Information, logic, data, whatever you want to call it, lies even deeper than the material operations that science has so ably discovered and quantified. This deeper informational dimension is dynamic and unpredictable. It is also how systems (biological, institutional, economic etc.) change and grow.

Gilder applies the principles of information theory to help us understand how economies grow. Known mostly for Wealth and Poverty, a book written over 30 years ago (earning him a reputation as “Ronald Reagan’s most quoted economist”), Gilder lays out what he calls the sum of all his work: Information, not the management of processes, creates economic growth.

The full text of the essay can be found here. Subscribe to the free, weekly Acton News & Commentary and other publications here.

Blog author: ehilton
Wednesday, February 19, 2014
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A priest stands on the front lines in Kiev

A priest stands on the front lines in Kiev

Reuters: Downtown Kiev

Downtown Kiev: Reuters

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Blog author: jcarter
Wednesday, February 19, 2014
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ukraine-protestWhat just happened in Ukraine?

For the past three months, a protest movement has been expressing opposition to the government of Ukraine’s president, Viktor Yanukovych. Yesterday (Feb. 18), the protest reached a current peak when the country suffered its worst bloodshed since leaving the Soviet empire. More than 20 people were reported killed as riot police moved in to clear Kiev’s Independence Square, the crucible of the anti-government activism.

What is the cause of the conflict?

At its root, the conflict is about the future development of the country – will it be a country based on the rule of law, or Russian-style oligarchy and closed interests?

Many in the Ukraine want closer ties (and possibly even membership) into the European Union. But in November the government stopped preparations for a trade deal with the EU, which sparked the protests. In December, Russian President Vladimir Putin offered economic lifeline to Ukraine, with $15 billion of loans and cheaper gas supplies. Protesters viewed this move as Moscow buying off their country’s President and are seeking to unseat Yanukovych and force early presidential elections.

Where exactly is Ukraine?
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Blog author: dpahman
Wednesday, February 19, 2014
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Today at Ethika Politika, I take issue with Rod Dreher’s “Benedict Option,” a term inspired by the last paragraph of Alasdair MacIntyre’s book After Virtue.

The basic idea is that, due to the Enlightenment, we have lost the social conditions — in particular a shared moral and religious narrative — that make virtuous living an intelligible and shared social standard. Thus, MacIntyre claimed, “What matters at this stage is the construction of local forms of community within which civility and the intellectual and moral life can be sustained through the new dark ages which are already upon us.” He concludes, “We are waiting not for a Godot, but for another—doubtless very different—St. Benedict.”

Dreher has done much to popularize this “Benedict Option,” which he defines as “an intentional and thoughtful retreat into narrativity, by which I mean a reclaiming of the church’s story, inculcating commitment to it within the lives of its members, in defiance of the narrative collapse around us.”

There is at least one major problem with this, however. I respond,

Yet as Owen Chadwick noted, it was not until the early ninth century, and that due to strong papal support, that the Rule of St. Benedict became the standard rule in the Frankish Empire. Until that time, the dominant rules were often Celtic, especially the Rule of St. Columbanus, as well as a strong influence from St. John Cassian, St. Basil the Great, and the fathers of the Egyptian desert.

And the Celts, importantly, were not retreating from the world but rather from Ireland in feats of what they termed “green martyrdom,” missionary exile as ascetic discipline. If Thomas Cahill is even half-right, the Irish played just as much a part in saving civilization as the Benedictines, if not far more so. Far from a retreat, their approach was quite confrontational (as was St. Benedict’s, as Goerke points out).

[…]

Thankfully, we need not wait for a “new and very different” Irish people as the Irish are still with us. Indeed, the equal respect accorded to Roman Catholics in the United States today is the result (in large part, at least) of a hard-won, confrontational battle of Irish immigrants to carve out an equal place in American society for their children and their cultural and religious heritage (see, e.g. Dagger John). Perhaps traditional Christians looking to preserve a moral culture today have more to learn from them.

It might have been better had I written “see, especially, Dagger John,” since his story is one of remarkable social action and spiritual reform, defending the cause of religious liberty and equal rights for Irish Roman Catholic immigrants in the 19th century and emphasizing the vital role of personal responsibility. (more…)

Blog author: jcarter
Wednesday, February 19, 2014
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The Truth About the ‘One Percent’
James Piereson, Wall Street Journal

The typical ‘rich’ person works for a salary. Only 18% are in the financial industry.

Alexander Hamilton: An Unorthodox Conservative Mind
Mark DeForrest, The Imaginative Conservative

The dispute over Hamilton’s place within the conservative tribe is a reflection of the unorthodox nature of Hamilton’s approach to politics and law. Yet, Hamilton’s work was essentially conservative in its nature, even if many within current conservative circles are profoundly uncomfortable with much of Hamilton’s legacy.

Bake Us a Cake, or Else!
Ryan T. Anderson & Leslie Ford, National Review

Marriage laws should not treat religious believers as bigots to be purged from the public square.

What Is Stewardship – Really?
Hugh Whelchel, Institute for Faith, Work, and Economics

Many Christians in the church today view stewardship only as giving money to the church. Even those who understand stewardship as the godly management of their time, talent, and treasure are still missing something. We have lost the idea of “whole-life stewardship” taught in the Scriptures.

Harvard students a century or so ago joked that Professor Irving Babbitt’s distaste for Jean-Jacques Rousseau was so fervent that he checked under his bed each evening to make sure the 18th century French philosopher wasn’t hiding there. In this humorous vein, one could apply the same fear held by progressive activists for the dreaded brothers Koch – Charles and David. Not only do activists check under their respective beds, but as well their closets, attics, basements, cookie jars and cupboards for signs the billionaire libertarians are funding candidates and causes with which liberals disagree.

The Koch brothers have endured their fair share of progressive brickbats, including from such religious shareholder groups as the Interfaith Center on Corporate Responsibility and the Tri-State Coalition for Responsible Investment. However, the facts run counter to ICCR and TSCRI handwringing, according to OpenSecrets.org as reported by Mark Tapscott in The Washington Examiner:

OpenSecrets.org tallied the top donors in federal elections between 1989 and 2014. Koch Industries — privately owned by the Evil Koch Bros — is on the list, to be sure, but doesn’t appear until the 59th slot, with $18 million in donations, 90 percent of which went to Republicans….

So who occupies the 58 spots ahead of the Evil Koch Bros? Six of the top 10 are … wait for it … unions. They gave more than $278 million, with most of it going to Democrats. (more…)

homeless-feet (1)Does the city of Pensacola, Florida care more about the comfort of cats than the dignity and safety of human beings? That certainly seems to be the case. Last week, a local news warning suggested that residents bring pets inside to protect them from cold temperatures. But the city prohibited its homeless population from covering themselves to keep out the cold.

The Pensacola ordinance said a person may not be “adjacent to or inside a tent or sleeping bag, or atop and/or covered by materials such as a bedroll, cardboard, newspapers, or inside some form of temporary shelter.”

Jeremy Bosso, who writes about local politics in the area, was sickened by the inhumane treatment. “I think we should extend that courtesy to our fellow humans,” he said of the effort to lift the prohibition of blankets in public. “I mean, we do it for the animals, and I think we should respect life at all stages.”
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