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Justice, Mercy, and Economics
Justice and mercy. What are they? At one time or another, everyone has experienced feelings of anger and indignation when they were violated by others. Everyone has an inherent sense of what is just, and that sense is heightened when one is the victim of injustice. Likewise, it is perhaps safe to say that everyone has either been the recipient of someone else’s benevolence, personally extended benevolence to someone else, or has seen benevolence bestowed upon someone else.Nurture and Natural Law
When I was six or seven, growing up in Somerville, Massachusetts, my father took me into Boston to walk the Freedom Trail. As we progressed along the Trail, smelling the dust and exhaust fumes of old Boston, my father led me back into the eighteenth century.A Moral Solution to Moral Problems
During Mass one Sunday after the reading of the Gospel, I settled into the pew for the homily. I expected the usual treatment of the day’s readings and a passing reference to how we can apply the words of Scripture to our everyday lives. However, on this day, the homily would have a relevant meaning for individuals and churches throughout America.Economics in the Catholic World
Up to recent times, the Catholic nations and regions were considered the poorest part of Christendom, “underdeveloped” not only financially but also materially. Lately, this has changed considerably, and today France and even Italy are economically stronger than predominantly Protestant countries such as Great Britain whose GNP they have overshadowed. In Europe, generally, industry is shifting its weight from the North to the South and East.Mia Immaculee Antoinette Acton Woodruff
The phone rang at 3:30 a.m. on Tuesday, April 5th. “Her heart gave up” was how a mutual friend announced Mia’s death. Marie Immaculée Antoinette Acton, later the Hon. Mrs. Douglas Woodruff, was dead at 89. I had seen her scarcely two weeks prior and knew that the end was near: “One can live too long, Jim,” she had said. Though she had often joked about the nuisance of what she described as her “creeping decrepitude,” there was a different tone of voice this time.The Moral Nature of Free Enterprise
In the marketplace, the consumer is “king.” To become wealthy in free enterprise usually involves mass production for mass material consumption. The free market rewards entrepreneurs for their correct anticipation of consumer demand. It showers people like Thomas Edison, Henry Ford, Alexander Graham Bell, John D. Rockefeller, and Andrew Carnegie with tremendous wealth, because they dramatically improved the consumer’s quality of life.An Honor Well Deserved: Michael Novak
It is sometimes said that capitalism lacks poets. In twenty-five books and a career of lecturing and teaching all over the world, Michael Novak, resident scholar at the American Enterprise Institute, had devoted much of his life to poetically explaining the crucial role of private initiative in public life. In doing so, he has roused the moral imaginations of scholars around the world.Zoning as a Threat to Religious Liberty
If you take for granted your attendance at the church on the corner, it may be a good time to stop. You are about to be introduced to what many believe has become the worst threat to religious liberty in America: local zoning laws.The economics of sin taxes
- “Sin Taxes” are so called because they are levied on those commodities, such as tobacco and alcohol, which are the objects of widespread disapproval. “Such taxes,” Paul Samuelson says, “are
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The People We Need
Edmund Burke spoke a great and noble truth when he observed that the kind of society and government a nation has is an accurate reflection of the character and intellect of the people who inhabit it. A corrupt, careless, sluggish people will have a government to match their ill nature.Recovering the Moral Foundations of Economics
During the summer of 1980, I met weekly for breakfast, prayer, and study with a minister friend of mine. A warm-hearted, intelligent man, Bob Hager kept challenging me to broaden my interest from the biblical studies, theology, and apologetics that were my great loves to include social concerns. One week, he told me of a book he’d read recently – Ronald J. Sider’s Rich Christians in an Age of Hunger. “Cal,” Bob said, “you’ve simply got to read this book. It’ll change your life.“In the Meadow That Is Called Runnymede
Lord Acton, the great historian of freedom, understood that “liberty is the delicate fruit of a mature civilization.” The liberty of which he spoke embraced a broad scope of human freedom, including dimensions political, intellectual, economic, and, especially, religious. The civilization of which he spoke was the West, whose heritage of Greek philosophy, Roman law, and Christian faith indelibly marked it and inexorably pushed it toward the full panoply of liberties we enjoy today and to which the rest of the world looks.