What Financialization Does and Doesn’t Mean

Though often used, the term “financialization” is largely misunderstood. In order to address this issue, the American Institute for Economic Research commissioned Acton board member and chief investment officer of the Bahnsen Group, David Bahnsen, to write a white paper on this topic. His approach to financialization is simple: that we defend and not demonize capital markets, and clarify and not obfuscate how financial markets enhance our attempts at achieving human flourishing.
The Acton Institute is a think-tank whose mission is to promote a free and virtuous society characterized by individual liberty and sustained by religious principles.
This direction recognizes the benefits of a limited government, but also the beneficent consequences of a free market. It embraces an objective framework of moral values, but also recognizes and appreciates the subjective nature of economic value. It views justice as a duty of all to give the one his due but, more importantly, as an individual obligation to serve the common good and not just his own needs and wants.
In order to promote a more profound understanding of the coming together of faith and liberty, Acton involves members of religious, business, and academic spheres in its various seminars, publications, and academic activities. It is our hope that by demonstrating the compatibility of faith, liberty, and free economic activity, religious leaders and entrepreneurs can contribute by helping to shape a society that is secure, free, and virtuous.
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