Communist China's decision to join the global economy triggered the greatest contraction of poverty in world history. Yet amazingly, the indispensable impetus to that transformation—its inspiration and guide, the source of much of its talent and capital—has been widely overlooked, and...more »

Theodore Roosevelt Malloch, Spiritual Enterprise (New York: Encounter Books, 2008), 163 pp., xxii.

The modern market economy has, with some notable exceptions, from the time of Rousseau and Marx down to the present been largely defined by its ignorant adversaries. They see only the bad ...more »

The desperation that drives millions of illegal immigrants into our country will never subside until there are jobs and genuine opportunity in their stagnant home economies. Fortunately, there is a way the U.S. could jump-start non-corrupt, democratic, private sector-led, globalized economies ins...more »

The purpose of the Spiritual Enterprise Institute is straight forward: It has a clear vision that comes directly from conversations with the legendary financial entrepreneur and philanthropist, Sir John Templeton. Founded in 2005, SEI focuses on the research, lessons and potential value of under...more »

Everything is progressing, changing nearly overnight. Building continues apace following the historic 2008 Beijing Olympics. Massive and dramatic changes are underway everywhere, in every corner of China –from the gilded skyline coast to the remote far west.

What is China becoming? H...more »

I was asked by your esteemed interim president, my friend, Luder Whitlock, to stand-in for our President today. That seemed an impossibly tall order. When I told my sons, they laughed and said I suppose you are sort of a Bush-heavy as opposed to Bush-lite. My young daughter half facetiously asked...more »

After years of booming business and unbelievable wealth creation, the economy has slowed. Perhaps we are even in a recession? We are stunned by a mortgage crisis that has only reinforced the notion of big businesses as insatiable masters of the universe with little regard for the public. The crit...more »

‘Debt’, simply put is a means of using future purchasing power to obtain goods or services before they have been earned. It is nothing more, nothing less. Companies and governments, as well as individuals have long used debt as part of their finance strategies. Such debt is created when a deb...more »

A common element of the Western intellectual landscape for the last century or so has been the widespread, even pervasive, negative and highly pejorative characterization of business as it is conducted on the model of free enterprise capitalism—namely, that the enterprise of business is inheren...more »

Presentation live on Radio Free Europe
Prague, The Czech Republic
September 28, 2009

Freedom of religion and economies actually go together, like—well you fill in the blank. One is not possible without the other because ...more »

In our increasingly religious world, religious freedom is important because it shapes the lives and sufferings of hundreds of millions of people. But increasing empirical evidence, including the recently released Heritage Foundation-Wall Street Journal Index of economic freedom, also suggests tha...more »

Address to the TWU Faculty
March 5, 2009

Almost all of the liberal and conservative commentators on the Great Recession and Financial Collapse/Bailout of 2008 have neglected the cultural and moral reasons for this economic mess. Unless those cause...more »

THE DESPERATION THAT drives millions of illegal immigrants into this country will never subside as long as they see no hope and no opportunity in their stagnant homeland econo...more »

There is a very old Puritan hymn we grew up singing; perhaps, you recall it as well:
Dare to be a Daniel,
Dare to stand alone;
Dare to have a purpose firm,
Dare to make it known.

In a famous essay just after WWII, George Orwell, in one of his great punch lines, suggest...more »

As “annus horribilis” 2008 recedes into the background it might be timely to look back a few years and ask: who really saw all of this coming? Was such an economic and financial disaster foreseeable? What kind of financial sage would have predicted it three or four years ago, in the middle of...more »