Acton Institute Powerblog Archives

Post Tagged 'creation'

Entrepreneurship in theological perspective: creative and innovative

What distinguishes something that is truly creative from something that is simply innovative? And how do we value and prioritize one or the other? In a recent study, “Creativity, Innovation, and the Historicity of Entrepreneurship,” Victor Claar and I attempt to disambiguate what we call “creative entrepreneurship” from “innovative entrepreneurship.” Continue Reading...

Arvo Pärt on the economy of wonder

Our society has grown increasingly transactional in its ways of thinking, whether about family, business, education, or politics. Everything we spend, steward, or invest — our money, time, and relationships — must somehow secure an immediate personal return or reward, lest it be cast aside as “wasteful.” Continue Reading...

Thomas Sowell on poverty, politics, and the origins of prosperity

“The mundane progress driven by ordinary economic and social processes in a free society becomes dramatic only when its track record is viewed in retrospect over a span of years.” –Thomas Sowell In a recent edition of Uncommon Knowledge, economist Thomas Sowell discusses his latest book, Wealth, Poverty, and Politics, which provides a comprehensive argument for the origins of prosperity. Continue Reading...

What Christians can learn from Adam Smith’s ‘paradox of value’

In a new video from TED Ed, Akshita Agarwal provides a quick lesson on Adam Smith’s “paradox of value” and the differences between “value in use” and “value in exchange.” For Christians, there’s a crucial lesson here about the best way to meet human needs in the economic order, whether through trade policy, reducing price controls, or any number of other areas.  Continue Reading...

Uniting economics with the grammar of creation

Michael Thigpen had a successful job at a bank, rising through the ranks of the company to a management position. Yet he had originally planned to be a teacher or a pastor, and after finally graduating from seminary and struggling to find a position in either role, he became frustrated with his banking career. Continue Reading...

Children Are a Gift to Civilization

With our newfound economic prosperity and the political liberalization of the West, we have transitioned into an era of hyper consumerism and choice. This involves all sorts of blessings, to be sure, but it brings its own distinct risks. Continue Reading...