Religion & Liberty Online Archives

Economics

August 19, 2014

Acton Institute to Sponsor ‘Faith at Work Summit’

Conversations about “faith-work integration” are alive and well, whether in the church, workplace, or academia, and the Acton Institute continues to offer a variety of resources on the subject, from its growing series of tradition-specific primers to various books and lectures to educational video curricula. Continue Reading...
August 19, 2014

Will A Sharing Economy Be A Growing Economy?

John O. McGinnis, the George C. Dix Professor in Constitutional Law at Northwestern University, says we are in the midst of a sharing economy, and that’s a good thing. (Don’t get all socialist on me; a sharing economy is one driven by service and technology. Continue Reading...
August 14, 2014

Teaching Kids About Work in a Prosperous Age

Last Saturday was hot and humid in our corner of the world, and thus, my wife and I quickly decreed a pool day on the front lawn. The kids were ecstatic, particularly our four-year-old boy, who watched and waited anxiously as I got things prepared. Continue Reading...
August 08, 2014

Learning To Mourn Amid Work That Wounds

I recently wrote about “wounding work,” a term Lester DeKoster assigns to work that, while meaningful and fruitful, is “cross bearing, self-denying, and life-sacrificing” in deep and profound ways. Take the recent reflections of a former Methodist minister, who, upon shifting from ministry into blue-collar work at a factory, struggled to find meaning and purpose. Continue Reading...
August 08, 2014

Hayek, Inequality, and Poverty Alleviation

Yesterday, Acton research associate Dylan Pahman made the connection between inequality and poverty alleviation. Today, he continues that argument and explains how the connection affirms the moral merits of economic liberty: Hayek argued for a stronger connection between inequality and economic progress in his 1960 work The Constitution of Liberty. Continue Reading...
August 06, 2014

How a Study on Hurricanes Proved Bastiat’s Broken Window Fallacy

After 6,712 cyclones, typhoons, and hurricanes the evidence is clear: Bastiat was right all along. In 1850, the economic journalist Frédéric Bastiat introduced the parable of the broken window to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society (see the video at the end of this post for an explanation of the broken window fallacy). Continue Reading...
August 04, 2014

Wilhelm Röpke: An Economist for Our Time

Wilhelm Röpke is one of the most important 20th century economists that almost no Americans know anything about. Fortunately, that may soon change as Röpke’s classic work on economics, A Humane Economy, is being republished by ISI Books with an introduction by Samuel Gregg, director of research at the Acton Institute. Continue Reading...