Economists did not need psychology to tell them that people can act irrationally and unjustly, says Michael Hendrix. They just needed to listen to theologians:

Why don’t we study the links between the two fields? Both economists and theologians operate on the basis of certain fundamental beliefs on the nature of humanity. They are subjects under the sway of irrationality. They are both, as Michael Jinkins put it, “in the business of constructing belief systems based on faith assumptions, and both of us are subject to irrational forces.”

Economics is a long way off from developing a fully coherent and versatile alternative to the rational actor model. The alternative is a certain bounded rationality, informed at turns by psychology and theology. Individuals become more than creatures bent solely and selfishly on maximizing utility. Humanity is seen as both created and creator, fashioned in the image of God and yet embedded in its fallen nature and institutions. The potential ultimately is for economics to be both a hard science and a social science.

Theology can and should serve as a foundation for interdisciplinary study into economics, especially its behavioral kin. Economics needs to know why humans act the way they do and begin to construct a more complete science that reflects human nature. To be clear, Christian anthropology and secular psychology are not quite on speaking terms, but their contributions to economics may prove far more complimentary than most people think. Groups like the Acton Institute and the Institute for Faith, Work & Economics are blazing a path toward the reconciliation of these disciplines in the economic sphere.

Read more . . .

Blog author: jcarter
Monday, April 1, 2013

District Court Rejects Challenge to September 11 Cross
Marc DeGirolami, Mirror of Justice

In an opinion issued March 28, the court granted the defendants’ motion for summary judgment in a case brought by American Atheists, Inc., which challenged the constitutionality of displaying the September 11 cross in a state museum.

Forward, and downhill
John Hayward, RedState

In truth, slippery-slope concerns are perfectly reasonable. They are a standard part of the “progressive” battle plan. A core tenet of progressivism is to take incremental, but irreversible, steps toward the total State.

Markets & Morality from a Biblical Perspective
Hugh Whelchel, Institute for Faith, Work & Economics

In a recent Washington Post article Steven Pearlstein, a professor of public and international affairs at George Mason University, asked the question “Is Capitalism Moral?” His answer, although interesting, seemed incomplete.

An America that is losing faith with religion
Michael Gerson, Washington Post

There is a close relationship between culture and cult — between the shared attitudes and values of a people and their religious views and practices. American culture is increasingly shaped by men and women who would rather sleep in or play golf on a Sunday morning.

Millennials (born 1982-1994) often get a bad rap for being narcissistic and difficult to employ. However, according to new research by Ranstad, today’s young adults have more in common with those born before 1946 (mature workers) with respect to positive workplace sentiments than any other generation alive today. According to the research,

When asked about their feelings toward their current job, millennials and mature workers responded more favorably than other respondents across the board. In fact, 89 percent of mature workers and 75 percent of millennials say they enjoy going to work every day, and a majority of both groups feels inspired to do their best at work (95 percent of mature respondents and 80 percent of millennials). These workers additionally perceive a higher morale in the workplace than other age groups, with 69 percent of millennials and 64 percent of mature workers finding a positive energy at work, compared to just a 53 percent average among other generational groups.

One important difference between millennials and mature workers is that young adults would give serious consideration to a job offer from another company (57 percent), if given the opportunity this year, and 47 percent would proactively seek out a position with a different employer; however, only 20 percent of mature workers would consider making a career move and even fewer (12 percent) would look for a new job. Given their respective stages of career this difference between the generations should not be too surprising.

When people are in positions where they are ennobled through their work, it is a benefit for employers, employees, and the overall economy because it increases productivity. But there’s more. When we experience joy and dignity through our work, it provides opportunity for God’s people to reflect on the Cross of Christ and the Resurrection, as Pope John Paul II explains in Laborem exercens,

Explaining why he no longer went to Ruggeri’s, a St. Louis restaurant, baseball legend Yogi Berra said, “Nobody goes there anymore. It’s too crowded.” The same seems to be true of Easter church attendance: Nobody goes to church on Easter anymore. It’s too crowded.

church_parkingA survey taken by LifeWay Research last year of Protestant pastors found that 32 percent of Protestant said Easter typically has the highest attendance for worship services, with 93 percent saying it is in their top three in terms of attendance. But a recent survey finds that 39 percent of are not planning to attend an Easter worship service while 20 percent say they are undecided. Only 41 percent of Americans say they plan to attend.

For self-identified Christians, the numbers are much higher. Protestants (58 percent) and Catholics (57 percent) are most likely to say they plan on attending Easter services, followed by 45 percent of nondenominational Christians. While higher than the national average, for only 60 percent of believers to attend on one of our most important religious holidays seems peculiar. What could be the reason they’re staying away?

A friend at church recently loaned me the New York Times bestseller Same Kind of Different as Me, which tells the story of how a wealthy art dealer named Ron Hall and a homeless man named Denver Moore struck up a friendship that changed both their lives. I’m only half way through it, but it’s already instructive on several levels that connect to the work of Acton.

Denver grew up as an illiterate sharecropper in Louisiana, an orphan who loses a series of guardian relatives while growing up and eventually finds himself in a class a notch below sharecropper—the field laborer who isn’t entitled to a share of the crops he works but simply works dawn to dusk for the food, clothing and minimal shelter he’s given on credit. In Denver’s case, since he couldn’t read, write, or do arithmetic, he couldn’t determine how much he owed, what the interest was, what his labor was worth, or even that he’d been denied his right to an education.

Economic conservatives talk a lot about the morality of the free economy, and the power of the markets to better the lives of the poor. It’s stories like Denver Moore’s that underscore why Acton spends so much time talking about a free and virtuous society, about the importance of ordered liberty. You see, in the book, at no point did anyone put a gun to Denver’s head and make him pick cotton dawn till dusk. At a superficial level, he was a participant in an un-coerced labor market (slavery had been abolished generations ago, after all). But any thoughtful look at Denver’s extraordinary story of struggle, despair, and escape will register the fact that Denver’s liberty had been violated in a host of subtle and not-so-subtle ways during his youth. These were like the strands of a spider web: individually they are of little consequence and hard to see, but taken together they have the power to bind. (more…)

Blog author: rnothstine
Friday, March 29, 2013

The dead man came out, his hands and feet wrapped with strips of linen, and a cloth around his face. Jesus said to them, “Take off the grave clothes and let him go.” (John 11:44)

One of the most beautiful aspects of the Gospel of Jesus Christ is that everything Christ does is for the purpose of raising up humanity. The raising of Lazarus of Bethany in John 11 is of course an obvious prelude to our own resurrection and the power of Christ over death. His power is not just limited to raising the dead but restoring the decayed, literally a corpse that had begun to rot. The spiritual lesson concerning Christ as the chosen one to restore and regenerate humanity is hard to miss. Only the Author of life can resurrect the dead and stand in as the new Adam.

Many today are walking around in their grave clothes. They’re lost and burying themselves in sin, shame, and guilt. In John 11 we have Christ showing up after the funeral where Lazarus’s sisters are mourning his loss. The incarnate Christ, who fully understands the general misery of the whole human race, presents himself as the Messiah with even greater clarity on this day.

When the Word of Life speaks, commanding Lazarus to “come forth,” his voice as Word revives the dead and brings new life. Easter is the seal of the truth and glory of Christ. Amazingly, because of Easter, the Scottish theologian Hugh Mackintosh was able to say, “The heart of man and the heart of God beat in the risen Lord.”

Below is an amazing clip from “The Greatest Story Ever Told.”

Chicago mayor Rahm Emmanuel and the Chicago Public School (CPS) System have reached an agreement that the way to cover the school system’s $1 billion deficit is to restructure the system by closing 54 under-utilized schools. This type of fiscal responsibility may be prudent in the private sector but it is being protested in Chicago as USA Today reports:

Jesse Ruiz, vice president of the Chicago Board of Education, says the number of schools must be pared because many are under-utilized due to a shrinking student population — the number of Chicago residents fell by 200,418 from 2000 to 2010 — and because the district faces a $1 billion budget shortfall. About 30,000 children will be moved. Schools are currently equipped to accommodate 511,000 students; enrollment now is 403,000.

The school closing disproportionately affects African-American neighborhoods because Chicago’s population loss has been primarily in the African-American community like we are seeing in cities like New York, Atlanta, and Washington, D.C. According to recent reporting,