This week’s Acton Commentary. Sign up for our free, weekly email newsletter here. While you’re at it, pick up a copy of Victor Claar’s new monograph, Fair Trade: It’s Prospects as a Poverty Solution, in the Acton Bookshoppe. +++++++++ Searching for Meaningful Work: Reflections on the 2010 Economics Nobel By Victor V. Claar This year’s Nobel economics prize was awarded to two Americans and a British-Cypriot for developing a theory that helps to explain why unemployment can persist even when...

In the International Herald Tribune, Fang Lizhi points to the experience of Nobel Peace Prize winner Liu Xiaobo over the last 20 years as “evidence on its own to demolish any idea that democracy will automatically emerge as a result of growing prosperity” in China. According to human rights organizations, there are about 1,400 people political, religious and “conscience” prisoners in prison or labor camps across China. Their “crimes” have included membership in underground political or religious groups, independent trade...

Russian Orthodox Patriarch Kirill, at a meeting with German President Christian Wulff in Moscow today: “I am deeply convinced that modern civilization is making the same mistake as the Soviet Union. It doesn’t matter very much why you are removing faith from pubic life. The final result, as engineers say, is the same: you get dismantling of religious consciousness,” the Patriarch said. The Russian Church has lived for decades in a country where the official ideology was the ideology of...

HernandezOn , Ismael Hernandez talks about his journey from anti-American activist to his disillusionment with socialism and eventually the founding of the Freedom & Virtue Institute. Hernandez, a frequent lecturer at Acton conferences, was asked by interviewer Jamie Glazov to recall the estrangement from family and friends that resulted when his “passion for socialism” faded away. For the first time in my life, I began to weakly contemplate the possibility that things were not as I had been told. There...

Here is a link to a good summary of McKinsey’s report on business and Africa that can be found at Acton’s good friend Andreas Widmer’s blog Faith and Prosperity. Andreas is a former Swiss Guard turned high-tech entrepreneur who is now focusing on promoting enterprise solutions to poverty throughout the developing world. He and his colleagues Michael Fairbanks et al. run the Pioneers of Prosperity Awards in different regions throughout the world. I have had the opportunity of attending two...

Take at look at Jonathan Last’s very good piece in the Weekly Standard about the real population problem that is confronting the world–people aren’t having enough babies. In America’s One Child Policy, Last explains how fertility throughout the entire world is declining and what the impact will be on society and the economy. During the last 50 years, fertility rates have fallen all over the world. From Africa to Asia, South America to Eastern Europe, from Third World jungles to...

Last week I linked to Joe Carter’s On the Square piece, “What the Market Economy Needs to be Moral,” challenging his view that we need a “third way.” He has since clarified his position, and noted that what he wants is not really an alternative to the market economy but an alternative grounding, view of, and justification for the market economy. This is a position with which I wholeheartedly concur. Today I want to highlight something else from Carter’s helpful...

Last week several colleagues and I had the opportunity to attend Partners Worldwide conference: Marketplace Revolution: Fighting Global Poverty through Business. Acton was delighted to be one of the sponsors of the event The conference had 400 people from all over the world and promoted enterprise solutions to poverty. Speakers included Africa Unchained author George Ayittey, Neal Johnson, author of Business as a Mission, among others. See the list of the speakers here. We had a chance to talk to...

A good give-and-take on the tea party movement on Our Sunday Visitor. Rev. Robert A. Sirico, president and co-founder of the Acton Institute, weighs in: Many of the stances tea party activists have taken on political issues also would resonate with Catholic voters, Father Sirico said. For example, many practicing Catholics would likely agree with the tea party’s concern about the overreaching involvement of government in schools and health care, he said, and though the movement has hesitated to identify...

mentators have spilled a septic field of ink explaining what drives the Tea Party movement; and, sure, the movement plex and varied, resisting any single attempt to blah blah blah. But the core of it boils down to the Saturday Night Live skit below. The analogy runs like this: The Steve Martin character and his wife represent the ruling political class in Washington; and the Tea Party is the book author. I realize it’s not a perfect analogy. If it...