Religion & Liberty Online Archives

Business and Society

March 07, 2007

Why risk matters

In the wake of last month’s stock market tumble, Samuel Gregg examines the nature of risk in a free economy. “Risk-taking is indispensable for wealth-creation,” he says. “At the root of wealth-creation is entrepreneurship, and entrepreneurship is impossible unless we are ready to risk testing new ideas, products, and services in the market-place.” Continue Reading...
March 06, 2007

EO on the morality of markets

Joe Carter concludes: What we need is a third way. We need a clear Christian vision that understands that markets are a moral sphere (contra the libertarians). We need to promote the idea that free individuals rather than government force is necessary to carry out this task (as the left often contends). Continue Reading...
March 05, 2007

A fallacious – and damaging – premise

Via The New Editor, a restatement of a basic economic rule that we all need to remember as government in America swings back to the left. Clive Crook, in the course of reviewing Robin Williams’ Man of the Year, notes the potential unintended consequences if an anti-business mood overtakes our representatives: Case by case, the merit in these proposals varies from substantial (executive pay) to less than none (taxing profits), but put the merits of the individual policies aside. Continue Reading...
March 01, 2007

CST and good companies

The John A. Ryan Institute at the University of St. Thomas has been organizing a series of international conferences on Catholic Social Thought and Management Education. The latest was on the topic “The Good Company: Catholic Social Thought and Corporate Social Responsibility in Dialogue.” Continue Reading...
February 27, 2007

A Faustian bargain

As a follow-up to the rather wide-eyed optimism I expressed in a post almost a year ago, the city of Grand Rapids has rejected the sole bid application received for development of property on the Grand River. Continue Reading...
February 22, 2007

Mugabe’s bread machine falling apart

This made me think of this. From the NYTimes: “Zimbabwe’s economy is so dire that bread vanished from store shelves across the country on Wednesday after bakeries shut down, saying government price controls were requiring them to sell loaves at a loss. Continue Reading...
February 15, 2007

Managing manure

One of the stories told in the Acton’s forthcoming documentary, “The Call of the Entrepreneur,” (trailer available here) is that of Brad Morgan, a Michigan dairy farmer, who bucked the odds and the naysayers and turned the problem posed by the disposal of his herd’s manure into a profitable business venture. Continue Reading...
February 14, 2007

A lottery sell-off is a sell-out

In this week’s Acton Commentary, I examine the most recent buzz-worthy trend in the lottery industry: privatization. While most critics of these moves have pointed to the foolhardiness of selling off a long-term income stream for a lump sum jackpot, I argue that privatization by itself does nothing to address the underlying problems afflicting the lottery business. Continue Reading...
February 13, 2007

The business and politics of spiritual journeys

Over the weekend the Grand Rapids Press published an article by Mary Radigan that examines one booming trend in the travel industry, “Spiritual journeys take off in travel industry.” “The market for religious travel has grown into an $18 billion industry worldwide,” writes Radigan. Continue Reading...