Acton Institute Powerblog Archives

Christians Need to Know

What Christians Should Know About Crony Capitalism

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Crony capitalism (sometimes referred to as cronyism or corporatism) What it means: Crony capitalism is a general term for the range of activities in which particular individuals or businesses in a market economy receive government-granted privileges over their customers and/or competitors. Continue Reading...

What Christians Should Know About Consumption

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Consumption What it means: Consumption is the use of goods and services by households. Continue Reading...

New York City is Post Secular and Highly Religious

Large cities in the northeast like Boston, New York, Newark, Philadelphia, and so on, are often caricatured as wastelands of non-religious, unchurched, overtly secular theaters. Caricatures of this type seem odd given the fact that many of America’s oldest religious institutions are actively operating in those regions. Continue Reading...

What Christians Should Know About Money

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Money What it Means: In economics, money is a broad term that refers to any financial instrument that can fulfill the functions of money (more on that in a moment). Continue Reading...

What Christians Should Know About Unemployment

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post.  The Term: Unemployment What it Means: If you consult a dictionary, you’ll find a number of commonsensical definitions for unemployment: the state of being without a job; being without a paid job but available to work, etc. Continue Reading...

What Christians Should Know About ‘The Economy’

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: ‘The Economy’ (aka Gross National Product) What it Means: When people refer to “the economy” they are usually referring to a particular idea—Gross Domestic Product (GDP)—which is itself simply an economic metric. Continue Reading...