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Puritans, Quakers and Methodists

gained their name due to their desire to ‘purify’ the Church of England from all Roman Catholic elements; they advocated greater purity of worship and doctrine, alongside personal and collective piety. This meant moral purity must be pursued to the smallest detail  –​man existed for the glory of God and above all else must do God’s will, including in the economic realm. Not surprisingly, this pursuing of purity led to an extreme asceticism, and a reputation for eradicating any form of pleasure. This reputation was not without evidence as once they had legislative power

in A brief history of thrift
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of Hamilton Technology Inc, a subsidiary of the Hamilton Watch Co, of Lancaster, Pennsylvania, which had diversified into the defence business in 1968. In August 1969, he and his wife Helen consequently moved the family of five children (Tom, James, Beverly, Shirley and Nancy) to Lancaster, close to some of the most religious communities in the USA. Apart from his devotion to building up Hamilton’s new electronics division, it is also apparent that he became a dedicated member of the Church of God, in Landisville, a Christian fundamentalist congregation that

in Ferranti: A History

- governmental organisations, like churches, or community voluntary organisations, which are financed through donations. Thus many suburban neighbourhoods have neighbourhood associations which collectively decide on road maintenance, and collect dues from members. But for large-scale public goods of this type we generally rely on governments. Generally there is no real alternative. Absent some mechanism for collective decision making, or for collecting taxes, and nothing or next to nothing would be provided. There may be dispute about the magnitude and allocation of public

in Market relations and the competitive process

pillar of his home-town business community, Lancaster, Penn., where he distributed considerable sums to cultural and educational institutions, as well as becoming a significant employer in his own right.64 This work also gave him an extremely loyal following, evidence of which was the reply Rev. Robert Bistline gave to a journalist when asked whether he was aware of Guerin’s alleged criminality: ‘Hogwash. You can put that in your newspaper.’ As Rev. Bistline had been minister at Guerin’s Church of God in Landisville, he was as close as most people to the Lancaster

in Ferranti: A History

that even if students are taught about market failures, the ‘perfect market’ is still the focal point for their thoughts. When the perfect market is the norm and market failure is the exception, the exceptions can be dismissed. Despite this, there is nothing in economics that says that someone who studies it has to have a particular political view. Neoclassical economics is a broad church that can be used to justify many political views. Surveys suggest that most academic economists support policies such as anti-discrimination laws and public healthcare and education

in The econocracy

the Lancaster community where he lived, contributing extensively to local charities, singing in his church choir, and employing a growing number of highly skilled engineers and administrators in both Lancaster and other American cities. Whenever Ferranti executives visited him in Lancaster, not only were they flown from Philadelphia Airport in one 80 FERRANTI: A HISTORY of Guerin’s own aircraft, they were normally treated to presentations that emphasised his status as a god-fearing, patriotic philanthropist. Moreover, while serious questions were asked about ISC

in Ferranti: A History