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The past few decades have witnessed numerous business and financial scandals that have tarnished the reputation of the free enterprise system. Dr. Theodore Malloch discusses the role that virtue should play in the corporate world and why America’s spiritual capital is essential to a free society. As a champion of business ethics that includes more than just mere compliance with legal regulations, Dr. Malloch urges us to understand how Judeo-Christian values have shaped the American economy, making it an exemplar for other nations around the world. He also discusses the “hard” and “soft” virtues that are essential for corporate executives to promote. And finally, we discuss how secularization may be leading us away from this virtuous path.

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With all the talk about declining levels of civic engagement in the United States, is there any evidence that religious education might play a role in promoting community involvement among youth and young adults? Prof. Kevin den Dulk discusses his research into this question and observes that some types of religious education — most notably Protestant private schooling — does tend to facilitate civic involvement in young adulthood. Kevin compares Protestants with Catholic private schools, secular parochial schools, public education and homeschoolers. Our discussion also engages the topic of whether or not civic participation is really declining in American life.

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Prof. Joseph Daniels of Marquette University discusses why the two different kinds of social trust — “bridging” and “bonding” — are important for society and how religion matters in generating and maintaining this trust. It is noted that religious attendance significantly enhances social trust, although there are some denominational effects that temper this increase. We also discuss how different denominations view free trade and immigration.

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Author Larry Witham takes an outsider’s look at the “economics of religion,” a relatively new academic perspective on understanding religious behavior and institutions. We trace the history of this academic school from Adam Smith to contemporary times and investigate how the logic of economics can help explain behavior at the level of the household, organization and market. The economics of religion is not just about financial concerns, but deals with how religiously-motivated individuals achieve their goals (including evangelization) in a world of scarcity. The basic assumptions and premises of the approach are examined, as are the critiques of the approach.

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