RELIGION & LIBERTY ONLINE
How and why the economy works — in 3 minutes
How did the economy begin? ErikaGrace Davies and Antony Davies posit one theory, “At some point in our distant past, a human who had food met another who had a spear. The two exchanged, and departed better off than when they met.” I prefer a different version of this story — one that starts with Genesis 4:2b — but the e is the same: the economy started when mankind discovered specialization and trade. ...
The family economics of Jennifer Roback Morse
If you’ve attended Acton University in the past few years you’ve probably had the good fortuneto take the required foundational class “Economic Way of Thinking” from Dr. Jennifer Roback Morse. Morse became a leading economist of the family a few decades ago after discovering an assumption made by Adam Smith: The economy depends on the intact family raising children. Morse brought mon sense observation into direct contact with economic analysis in her seminal work Love and Economics, first published in...
Study: Americans care more about test score gaps based on wealth than on race or ethnicity
For decades, researchers have documented large differences in average test scores between minority and white students and between poor and wealthy students. But a new study finds that Americans are more concerned about—and more supportive of proposals to close—wealth-based achievement gaps than Black-White or Hispanic-White gaps. “The achievement gap’s ubiquity in policy discourse and implications for American society make it important to understand the public’s beliefs about it,” say the study’s authors, Jon Valant and Daniel A. Newark. “Many proposals...
How the Shadow Banking System Fueled the Great Recession
Almost a decade has passed since the start of the Great Recession of 2008 and yet many of us are still confused about what caused the financial crisis. We know financial intermediaries like Lehman Brothers played a part, though we’re often unclear on the details. In this video, economist Tyler Cowen explains the role of the “shadow banking” system and how the incentives led to them to take on too much risk and leverage. ...
The mayor who found a simple way to help the homeless: give them jobs
The scene can be found in almost every major U.S. city: a panhandler stands on a street corner holding a sign saying, “Need a job.” But one U.S. mayor decided to try something different — by taking them up on the offer and give the person a job One year ago Berry started a campaign to curb panhandling, called There’s a Better Way. The goal of the campaign is to give panhandlers a chance at a change in life and...
RELIGION & LIBERTY
Religion, Man, and the State
R&L: Dozens of denominations and groups claim to be evangelical. Can you give us a definition of what the word means? Henry: Catholicism and Protestantism have in modern times both had vocal orthodox and liberal elements. Orthodox Protestants were called Fundamentalists because they insisted on the great biblical basics or fundamentals. Modernist control of evangelically-founded schools and institutions and its abandonment of miraculous supernaturalism left to Fundamentalists the demanding fulfillment of world evangelism and missions. As modernist ecumenical bureaucracies...
Apr 5, 2026
The Transfer Society
R&L: You’ve written extensively on the development of the American economic system and in particular the growth of what you call the “transfer society.” Would you briefly define what a “transfer society” is? Hill: The idea of the transfer society is a society where property rights are up for grabs. Very few defined rules exist, or the rules are always subject to re-definition, particularly by constitutional interpretation. The book that I wrote with Terry Anderson, The Birth of a...
Apr 5, 2026
Equality
With mencement of our second year of publishing Religion & Liberty, we are adding a regular feature by the Reverend Dr. John K. Williams. Dr. Williams is a graduate of Melbourne and Oxford Universities. After receiving his Bachelor’s degree, he taught philosophy at Melbourne for three years before studying for the ministry. He was ordained in the Presbyterian Church, and served as chaplain and senior teacher at St. Leonard’s College, East Brighton, Australia, for eleven years. Dr. Williams currently...
Apr 5, 2026
Talents and Stewardship
R&L: In 1986 you were co-chairman of the Lay Commission which issued a statement on religion and the economy and which was signed by a number of lay Catholics. What motivated you to do this? What were some of the reactions, both positive and negative? Simon: The Lay Commission tried to take seriously the teaching of the Second Vatican Council, which is that the laity bring a special Christian Wisdom to worldly affairs. Its critics tried to portray the...
Apr 5, 2026
Did It Liberate? Liberation Theology: Post Mortem
Editors note: In the inaugural issue of this journal there appeared an article entitled “Death Knell for Socialism and Liberation Theology” [January/February 1991]. Subsequent to the appearance of the papal encyclical Centesimus Annus, Acton President Father Robert Sirico predicted in an article in National Review : “… this encyclical constitutes the epitaph for liberation and collectivist movements.… The ‘Christian-Marxist dialogue’ is dead.” These obituaries were, of course, not well received in quarters sympathetic to a socialist-Christian synthesis. It is,...
Apr 5, 2026
On liberty's moral superiority
R&L: Do you think the clergy’s view of the state as a means of solving the real problems minorities face has changed over the years? Williams: The civil rights struggle in our country has been won. At one time black Americans lacked the constitutional guarantees others possessed. Now they have them. Major problems still remain in large segments of the munity, but they are not civil rights problems. The 66 percent illegitimacy rate among blacks nationally, the high crime...
Apr 5, 2026
Envy
Looming large among the vices constituting the Seven Deadly Sins is invidia, that is, envy. It belongs there. A human being infected by the virus of envy es a mean-spirited individual, incapable of heeding St. Paul’s admonition to “rejoice with those who rejoice.” The triumphs and good fortune of others elicit not pleasure but bitterness, a bitterness warping and twisting the soul. Nearly five decades ago, Joseph Alois Schumpeter, an Austrian-born economist who became a permanent professor of Economics...
Apr 5, 2026
An Evangelical Looks at Centesimus Annus, the Nature of Man, and Human Economy
There are good reasons to celebrate Centesimus Annus. Pope John Paul II’s blistering rejection of socialism and warm accolades for free enterprise should be trumpeted around the world–as indeed they have been. In large part, however, the ments on socialism versus capitalism are merely the announcement of a judgment long since obvious to anyone who observed history with discernment. Nevertheless, I am excited about Centesimus Annus and see it, in one important respect, as on the cutting edge of...
Apr 5, 2026
Compassion
At a reunion of Johnson administration officials in Austin, Texas, a quarter century after the War on Poverty fired its cannonades, the mood of reminiscence was akin to Wordsworth’s memory of enthusiasm following the French Revolution: “Bliss was it in that dawn to be alive.” Sargent Shriver exulted that the Reagan years had not really damaged Great Society programs, most of which were “still in existence, all helping millions of Americans today.” New York Times columnist Tom Wicker described...
Apr 5, 2026
Copyright 2023-2026 - www.mreligion.com All Rights Reserved