Acton Institute Powerblog Archives

Post Tagged 'banking'

October 26, 2022

Banking, Panics, and Regs: The 2022 Economics Nobel

Earlier this month, Ben Bernanke, Douglas Diamond, and Philip Dybvig were awarded the Bank of Sweden Prize in Economic Sciences in memory of Alfred Nobel. Bernanke, Diamond, and Dybvig were honored for their many contributions to our shared understanding of both the role of banking and banking failures. Continue Reading...
February 02, 2015

Thomas Merton on Marxism and Monasticism

A friend of mine recently shared this short clip of Thomas Merton’s last lecture. He has some interesting things to say about communism and monasticism, as well as what is clearly a sly promo for Coca-Cola at the end. Continue Reading...
January 22, 2015

The Change We Need

As Luis de Molina (1535-1600) writes in A Treatise on Money (forthcoming): It is clearly evident that petty exchange is useful to the republic, as it is often that men need coins of a lesser value in order to buy the things they need daily, or to give alms, or for other such things in which the coinage of a higher value is of no use. Continue Reading...
June 12, 2014

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...
August 23, 2013

The Economics of Profiling

I ran across this video yesterday (courtesy of ESA), which I thought presented some interesting challenges and issues: The video was presented on Upworthy as an example of something “all white people could do to make the world a better place,” that is, use their white privilege to address injustices. Continue Reading...
November 23, 2011

Occupy Business Careers?

In a recent BBC article, Sean Coughlan reports a novel idea from Oxford academic Will Crouch, He argues that someone becoming an investment banker could create sufficient wealth to make philanthropic donations that could make a bigger difference than someone choosing to work in a “moral” career such as an aid charity. Continue Reading...