Economics

February 17, 2015

Battlefield Entrepreneurs: The Secret of Israeli Innovation?

Over the past 60+ years, Israel has emerged as an economic powerhouse despite all odds. With only 7.1 million people, no natural resources, and surrounded by enemies and constant threats, it has somehow managed to attract nearly $2 billion in venture capital. Continue Reading...

February 11, 2015

Book Giveaway: Win All 4 Primers on Faith, Work, and Economics!

Through Christian’s Library Press, the Acton Institute has published four tradition-specific primers on faith, work, and economics, including Baptist, Wesleyan, Pentecostal, and Reformed perspectives. Each offers a distinct contribution to the subject, and when taken together provides a rich and coherent framework for Christian stewardship. Continue Reading...

February 10, 2015

A Price is Signal Wrapped in an Incentive to be Coordinated by God

When Christians think of the majesty of God’s handiwork we tend to think of the visible aspects of nature. We agree with King David that, “The heavens declare the glory of God; the skies proclaim the work of his hands” (Psalm 19:1). Continue Reading...

February 10, 2015

Mike Rowe on the minimum wage: There’s no such thing as a ‘bad job’

In the latest addition to Mike Rowe’s growing catalog of pointed Facebook responses, the former Dirty Jobs host tackles a question on the minimum wage, answering a man named “Darrell Paul,” who asks: The federal minimum wage is $7.25 and hour. Continue Reading...

February 10, 2015

Now Available: ‘A Treatise on Money’ by Luis de Molina

CLP Academic has now released A Treatise on Money, a newly translated selection from Luis de Molina’s larger work, On Justice and Right (De iustitia et iure). The release is part of the growing series from Acton: Sources in Early Modern Economics, Ethics, and Law. Continue Reading...

February 09, 2015

What the Church Offers Those Left Behind by Technological Change

Where can people turn when technology eliminates their jobs? Greg Forster argues the answer is the “church.” Forster offers five things the church can be for those whose jobs are eliminated or endangered by technological change: The church can be a place where people find their true identity. Continue Reading...

February 09, 2015

5 Reasons Why Christians Should Care About Economics

I recently pointed to a helpful talk by Greg Forster to highlight how understanding economics is essential for developing a holistic theology of work, vocation, and stewardship. Economics connects the personal to the public, and prods our attentions and imaginations to the broader social order. Continue Reading...

February 06, 2015

Is Your Child “Richer” Than the “Poorest” 2 Billion People in the World Combined?

“The bottom half of the world’s population owns the same as the richest 85 people in the world.” The stat was quoted last month in a report by the development organization Oxfam, but similar claims have become common. Continue Reading...

February 04, 2015

Video: Arthur C. Brooks Outlines The Formula For Happiness

The 2015 Acton Lecture Series continued on January 29th with a presentation by American Enterprise Institute President Arthur C. Brooks, who delivered a great talk on what really leads to happiness in life. Continue Reading...

February 04, 2015

Explainer: President Obama’s FY2016 Budget

What is the President’s budget? Technically, it’s only a budget request—a proposal telling Congress how much money the President believes should be spent on the various Cabinet-level federal functions, like agriculture, defense, education, etc. Continue Reading...

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