Home
/
RELIGION & LIBERTY ONLINE
/
Why Cultural Capital Is Necessary for Economic Flourishing
Why Cultural Capital Is Necessary for Economic Flourishing
Mar 19, 2026 2:16 PM

Western activistsand foreign aid experts often pretend as though material redistribution is enough to elevate the world’s poor. All we must do is give people the “tools” to do their work, they’ll say, and developing nations will take it from there.

What these “tools” consist of is a bit more blurry. The more serious development experts and economists recognize the need for immediate relief, but point to deeper factors and obstacles that prevent or accelerate the path to long-term prosperity and flourishing — “intangible assets and hidden liabilities,”asArnold Kling and Nick Schulz have put it.

One such overlookedassetis cultural capital and theripple effect it yields on a society’s underlying attitudes and overarching philosophy of life. In an excerpt from the PovertyCure series, Michael Miller and Michael Fairbanks explain why it matters.

As Fairbanks explains:

The most important type of capital is cultural capital, and by cultural capital I don’t mean just food and music and fashion and language. These are very valuable things, but I mean, how does a group of people attach meaning in their lives? Are they tolerant of people unlike themselves? Are they optimistic about the future? Do they believe petition?

It’s trustful relationships…loving new ideas, loving the idea of serving the client very, very well. This cultural capital tells you if the country has the conditions to be prosperous in the future.

For those living in countries with higher levels of such capital, it can be easy to take it for granted, assuming society rolls along simply on the momentum of self-seeking investment and blind consumerism.

If society grasps the proper meaning of work — “as service to others and thus to God”— cultural and economic transformation is a natural byproduct.

Having a healthy understanding of God’s design for work is important for our individual lives, but here we see its importance for flourishing across society. Here we see it’s importance for an enduring economic order that is both just and prosperous.

“If a market is going to be sustainable in the long run, we need something very different from unconnected self-seeking individuals,” Miller concludes. “We need people who think of others, and who are rooted in their families munities. We need a moral culture and a measure of trust that extends beyond family and clan.”

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Everyone is Awesome
Everything, and everyone, really is awesome! In today’s Acton Commentary, “Everything Really is Awesome,” I make a connection between the LEGO movie and the latest film release by the Acton Institute, “For the Life of the World: Letters to the Exiles.” My point of departure is the ditty that appears in the LEGO movie, “Everything is Awesome.” Another implication of this connection is that everyone is awesome, in the same way that we recognize with the Psalmist: O LORD, our...
Audio: Elise Hilton on Human Trafficking
Acton Communications Specialist Elise Hilton joined host Shelly Irwin today on the WGVU Morning Showin Grand Rapids, Michigan to discuss Acton’s ing moderated panel discussion on the issue of human trafficking, Hidden No More: Exposing Human Trafficking in West Michigan. Take a listen to the interview via the audio player below, make sure to listen to the podcast on the topic here, and if you’re able, register for the event that takes place on March 28th right here at the...
Student loan update: It’s for your own good, and it won’t hurt a bit.
It’s illegal for undercover cops to entrap a prostitute by offering her money for sex, but apparently it’s just fine for our government to entrap people with massive interest-accumulating student loans they never asked for or inquired about. Last week I wrote about the growing problem of gargantuan federal student loan debt ($1.2 trillion and rising), with a headline alluding to the federal plicity in drawing college students and their families into debt slavery. Since then I’ve had the opportunity...
Survey Results: What Do You Look for in a Pastor?
One month ago, I posted a link to a survey asking ten questions about what people look for in a pastor, promising to post the results one month later. The idea was to try to shed some light on the disconnect between supply and demand when es to ministers looking for a call and churches looking for a minister. The first thing that should be said is that, while I am grateful to all who participated, the sample size is...
Michael Miller: Pope Francis, Social Justice And Religion
Trending at today’s Aleteia, Michael Matheson Miller discusses Pope Francis and his call to social justice. Miller asks the question, “Do orthodoxy and social justice have to be mutually exclusive?” Miller says there is a “pervasive, false dichotomy between theological doctrine and social justice that has dominated much of Catholic thought and preaching since the 1960s.” Intrigued by the precedent that Pope Francis is setting in this area, Miller says, From his first moments as pope, Francis has urged Christians...
Harry, Keep the (Climate) Change
On Monday, Sen. Harry Reid (D-Nev.) held an all-night, 14-hour pajama party in Washington. In between the truth-and-dare games, hair braiding, karaoke and candy and soda binging, Sen. Reid dropped this bombshell: He’s not a fan of the brothers Koch, billionaires Charles and David. Nor does he think much of anyone who disagrees with him on the issue of climate change. In fact, Reid refers to anyone who doesn’t buy into the whole human-caused global warming shebang as … ahem,...
Why Liberty Isn’t Enough
“It’s important to talk about liberty, but not in isolation,” says Samuel Gregg, Research Director for the Acton Institute. “Our language should reflect the truth that reason, justice, equality, and virtue make freedom possible.” At some point, for instance, those in the business of promoting freedom need to engage more precisely what they mean by liberty. After all, modern liberals never stop talking about the subject. Moreover, if the default understanding of freedom in America is reduced toJustice Anthony Kennedy’s...
What a Distressed Dolphin Can Show Us About the Beauty of Exercising Dominion Over Nature
One of the primary duties for Christians is to recognize the dignity of all of God’s creatures and to exercise our dominion over them in ways that are humane, responsible, and God-honoring. It is literally the first set of instructions given to humanity (Gen. 1:28). Yet when think of our roles as stewards of creation, we often focus exclusively on our collective responsibilities at the macro level rather than on what we can do at the micro level of individual...
Serving the Least of These Through Our Daily Work
When discussing the Christian call to service, we often hear references to Matthew 25, where Jesus speaks of a King who separates “sheep” from “goats” –those who are willing from those who refuse. To the sheep, the King offers the following: Come, you who are blessed by my Father; take your inheritance, the kingdom prepared for you since the creation of the world. For I was hungry and you gave me something to eat, I was thirsty and you gave...
The Four Questions of Christian Education
One of the advantages of living in a free society is that parents have multiple options for how they can educate their children, including enrolling them in religious education. Christian education is unique in that teachers can integrate faith and learning in the classroom to unlock academic disciplines from mere materialistic or rational concerns to direct interdependence and collaboration with the providential work of the Triune God in his plan to redeem the entire cosmos. In light this fact, if...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved