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Economics

We acknowledge the legitimate role of profit as an indicator that a business is functioning well, and affirm the importance of business as a calling. We advocate a strong civil society—the best antidote to unscrupulous business dealings—rather than burdensome government regulation that inhibits human freedom and stifles innovation and creativity.

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    Hundreds of multicolored shipping containers stacked in a port

    Trade

    Mutually beneficial exchange builds flourishing communities and strengthens the bonds of trust.

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    A vendor at a farmer's market hands a bag of vegetables to a customer

    Capitalism

    The market economy is a community of persons, and it can offer every human person the opportunity to creatively apply and cultivate talents, as well as develop important virtues, such as diligence, industriousness, truthfulness, and reliability in interpersonal relationships, which are essential to living a fulfilling life.

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    A hammer and sickle over Moscow's Red Square

    Socialism

    The false promises of socialism have resulted in historic suffering and political tyranny. That said, markets and competition are important, but they do not automatically guarantee the common good. Therefore, the market needs collaboration and control by social forces and, in a subsidiary way, by the state.

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    Tower crane constructing a new high rise behind low income housing units

    Inequality

    What are the roots of income and wealth inequality? And how should we answer calls to redistribute wealth through political coercion?

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    Executives talking in a board room

    Business and Finance

    Acton Institute believes that commerce is an essential component of any society, enabling individuals to freely serve the needs of one another through mutually beneficial exchange.  

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    A Ghanaian entrepreneur standing in front of his shop

    Entrepreneurship

    The Acton Institute acknowledges the legitimate role of profit as an indicator that a business is functioning well, and it affirms the importance of business as a calling from God. Entrepreneurship is not only an economic necessity but also a moral value in the dynamic process of modern economy.

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