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Trust and entrepreneurship
When es to business and the economy, the word trust has two – and to some people diametrically opposed – meanings. Trust as a virtue in the marketplace means having confidence in the honesty, reliability, and integrity of market players. It speaks volumes about our free enterprise system that a stranger can walk into a small business, for example, that he has never patronized before, and yet generally trust that he will be served well, dealt with fairly, and...
The virtues of development
Imagine yourself in the fifteenth century, at a university in Spain or Italy, a time of increasing scientific discovery, technical innovation, economic development, rising prosperity, and increasing intellectual awareness of the meaning of economic science. You are involved in the great intellectual project of discovering the laws of economics and applying these laws to the world. You have discovered what goes into the creation of a price, what causes inflation, how trade works, and why e to be available...
For I was hungry and you fed Me: Ag-biotech and hunger
To well-fed (sometimes overfed) people in Western countries, it is certainly odd to think of food as a life-saving medicine. But for those suffering from chronic hunger and malnutrition, the idea is a reality. It is repeated over and over again that the amount of food produced in the world is enough to feed all the hungry people in the world; hence, the solution to hunger is not to increase production but to improve distribution of what is already...
Loving our neighbor - near and far
St. Augustine once wrote, “You cannot love what you do not know.” He was making a disarmingly simple point about the first great mandment to love God, wholeheartedly. However, St. Augustine's words also apply to the second mandment – to love our neighbor, unselfishly. The application is especially important now, in our newly globalized world, and Pope Benedict XVI's recent encyclical, Deus Caritas Est, provides a timely framework for seeing how that is so. In the second half of...
I, T-shirt: Lessons from the cotton industry
I remember being a teenager, proudly lacing up a new pair of Nikes as a news story blared on the television. The story reported on the poor children in Asia who crafted my new fashion statement in cruel conditions for mere pennies a day. I won't lie; it stole the luster for me. I was unaware then that there was more to the story than simply poor children in a sweatshop and fancy me in my Nikes. Now that...
Doubled-edged sword: The power of the Word
Deuteronomy 8:3 He therefore let you be afflicted with hunger, and then fed you manna, a food unknown to you and your fathers, in order to show you that not by bread alone does man live, but by every word es forth from the mouth of the Lord (Deuteronomy 8:3). It was never easy to be God's chosen people. As some have noted, God singled out Israel from among the nations to beat into their heads certain truths about...
Editor's note
Do you have to be good to do well? The relationship between virtue and worldly success is one that is often discussed at our Acton events. Parents and teachers try to inculcate good habits in their children and students, not only as an end in itself, but also in the hope that doing good in the spheres of character and morality will lead to doing well in the worlds of work, entrepreneurship, merce. In this issue of Religion &...
Editor's note
The many works of the Acton Institute bring us constantly into contact with the creative power of human liberty. We are regularly impressed, I think, with the potential for economic growth and dynamism. In this issue of Religion & Liberty, our thoughts turn to situations where that growth and dynamism is most needed: the desperate situations of poverty and hunger that still persist. “To feed the hungry” remains a basic work of mercy, the goal of much charitable activity....
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