The Birth of Freedom DVD and Study Guide
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The American founders said that all men are created equal and are endowed with certain unalienable rights--that among these are life, liberty and the pursuit of happiness. They called this a self-evident truth. Eighty-seven years later, Abraham Lincoln reaffir...
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Research
Acton's Core Principles
The Core Principles provides a framework for Acton Research as it seeks to make clear the path to a free and virtuous society. Read about the Core Principles here.
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Acton Research
The Research Department serves as the academic research facility of the Acton Institute, accommodating in-house and externally-based scholars from a variety of nationalities, Christian confessions, and different intellectual disciplines. Read More »
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From the Journal of Markets & Morality
First Philosophy of Democratic Capitalism As Creative Economy: A Thomistic Onto-Theology of Self-Communicative Ownership
by
Jude
Chua Soo
Meng
This paper attempts a theological justification for the right to private
property or ownership. This I have subtitled, "A Thomistic Onto-Theology
of Self-Communicative Ownership," for our discourse grounds human ownership
as a participation of the self-giving creativity of the Divine owner. Such
a justification of ownership is also a metaphysical articulation of the true
spirit of the creative economy, which should be the theological norm for democratic
capitalism, insofar as capitalism aspires to be such a creative economy. This
is no blind praise of any capitalist system, but proposes itself as a normative
thesis as well as a justificatory thesis of capitalism. Hence its title, "First
Philosophy of Democratic Capitalism As Creative Economy," for it intends
to be a demonstration of its first principles—first of a creative economy,
and by extension also of democratic capitalism insofar as the latter should
instantiate such an economy.
The deepest moral justification for a capitalist system is not solely
that it serves liberty better than any other known system; nor even
that it raises up the living standards of the poor higher than any other
system; not that it improves the state of human health and maintains the
balance between humans and the environment better than Socialist or traditional
Third World societies. All these things, however difficult for some to admit,
may be empirically verified. In fact, the true moral strength of capitalism
lies in its promotion of human creativity.
—Michael Novak
The Catholic Ethic and the Spirit of Capitalism
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In the Liberal Tradition
Frédéric Bastiat (1801 - 1850)
“The state is the great fiction by which everybody tries to live at the expense of everybody else.”
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Government rules the present. Literature rules the future.
~ Lord Acton
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