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Acton Institute
The Acton Institute for the Study of Religion and Liberty is an American research and educational institution, or think tank, in Grand Rapids, Michigan (with an office in Rome) whose stated mission is "to promote a free and virtuous society characterized by individual liberty and sustained by religious principles".〔Acton Institute. (About the Acton Institute. ) Retrieved 11 July 2011〕 Its work supports free market economic policy framed within Judeo-Christian morality. It has been alternately described as conservative and libertarian.
==History==
The Acton Institute was founded in 1990 in Grand Rapids, Michigan by Robert A. Sirico and Kris Alan Mauren.〔Convissor, Kate (August 1999). "The Acton Institute: Of Morality & the Marketplace." ''Grand Rapids Magazine'' 36-37〕 It is named after the English historian, politician and writer Lord Acton, who is popularly associated with the dictum "Power tends to corrupt, and absolute power corrupts absolutely".〔Sullivan, Elizabeth (February 1993). "Rev. Robert Sirico: Inside Track." ''Grand Rapids Business Journal:'' 5-6.〕 Sirico and Mauren were concerned that many religious people were ignorant of economic realities, and that many economists and businessmen were insufficiently grounded in religious principles. Sirico explains the essential link between economics and religion with reference to the institute's namesake:
The release in 1991 of the papal encyclical ''Centesimus annus'' buoyed the institute at a critical time. The document provided, a year after Acton's founding, established support for the institute's economic personalism and defense of capitalism. Robert Sirico said at the time that it constituted a "vindication".〔
In 2002, the Institute opened a Rome office, Istituto Acton, which carries out Acton’s mission abroad.〔(13 March 2004). "Acton Institute awarded for work in economics and ethics." ''The Grand Rapids Press.''〕 In 2004, the Institute was given the Templeton Freedom Award for its "extensive body of work on the moral defense of the free market".〔 In 2012, the Think Tanks and Civil Societies Program at the University of Pennsylvania included Acton in its list of the top 50 think tanks in the United States.
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