A plaint by the political left is that the CEOs of panies earn too much money. The implication is not, however, that the “excess” money should be distributed to the shareholders (who actually own pany). Instead, the ideais that “fairness” requires that much of theprofitthat normally goes toward the CEO’s pay should be redistributed to the rest of pany’s employees. But what if we took it a step further: What if we redistributed all corporate profits to workers? What if...

Our most recent issue of the Journal of Markets & Morality has now been published online and print issues are in the mail. Volume 18, no. 1 is a special issue. Guest editor Shirley Roels details the origins of the contributions in her (open access) editorial: To highlight the 2013–2014 English publication of the first volume of [Abraham] Kuyper’s mentary mon grace, the Calvin College Business Department organized an October 2014 symposium, which was co-sponsored by the Acton Institute. Faculty,...

Last week Senator Sen. Tim Scott (R-SC) proposed an amendment to the reauthorization of No Child Left Behind bill that would allow Title I funds–the funds the federal government allocates to districts with high-poverty populations–to follow students out of their assigned district schools to schools of choice. Democrats in the Senate (joined by six Republicans) successfully fought to keep the portability amendment as well as school vouchers out of the legislation. As Think Progress explains, the White House and Senate...

During a recent interview, presidential candidate Jeb Bush outlined his economic plan, which included a goal of achieving 4 percent economic growth. As for how we might achieve thatgrowth, Bush went mita grave and sinful error, daring implythat Americans might need to work a bit harder: My aspiration for the country —and I believe we can achieve it —is 4 percent growth as far as the eye can see,” he told the newspaper. “Which means we have to be a...

Kishore Jayabalan, director of the Istituto Acton in Rome, talked to Voa News yesterday about the flaws in Pope Francis’s pronouncements on free markets and globalization, as articulated in the recent encyclical Laudato Si’. “When the pope says that this economy kills, that this economy destroys the environment, I’m not quite sure what economy he’s talking about,” said Jayabalan. Read the full article here. ...

I believe that greatness, if defined by power, economic and cultural influence, requires us to acknowledge that the United States of America was once the greatest country in the world. However, as it ceases to lead the world in these areas – as one survey after another shows – and other countries take its place, it can no longer be considered the greatest. If we change our definition of “greatest” however, America might still be great. I believe we need...

Allowing people to think what they want about God and religious beliefs is a considered a cornerstone of a liberal society. But religious toleration hasn’t historically been considered a prized virtue. In fact, as Larry Schweikart says, it’s a historical aberration—an ideological revolution created by the Puritans and pre-1776 Americans. ...

North Korea has been cut off from the rest of the world for nearly 70 years and few people outside of its borders – especially in the West – have a realistic picture of how life really goes on. Yes, we know it’s a horrible place, essentially a giant concentration camp, but how do North Koreans live their lives? Joseph Kim’s memoir, with contributions from Stephan Talty, Under the Same Sky: From Starvation in North Korea to Salvation in America...

Today marks the 46th anniversary of the day we landed on the moon, and as we look back on that monumental moment, it’s worth remembering the efforts taken by one astronaut topause and recognize hiscreator. Prior to the lift-off of Apollo 11, Buzz Aldrin spoke with his pastor about finding the “right symbol for the first lunar landing.” After some discussion, they agreed it was munion service, and the scripture passage he’d use would be John 15:5: “I am the...

Michael Severance, operations manager for Istituto Acton in Rome, wrote an article for Catholic World Report examining the economic concept of scarcity in light of Laudato Si’ and Pope Francis’s trip to South America. Severance focuses on the pope’s efforts to promote a culture of self-control and asceticism and specifically analyzes the implications of paragraph 222 of the encyclical, where Francis writes: “We need to take up an ancient lesson, found in different religious traditions and also in the Bible....