Founded in April, 1990, the Acton Institute for the Study of Religion and Liberty is named in honor of John Emerich Edward Dalberg Acton. The mission of the Acton Institute is to promote a free, virtuous, and humane society. 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, the Institute involves members of religious, business, and academic spheres in its various seminars, publications, and academic activities.