Acton Institute Powerblog

PowerLinks – 08.29.12

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Three things the American people don’t understand about trade
Logan Albright, AFF Doublethink Online

The problem with the way trade is discussed in politics and the media can be boiled down to three common misconceptions that crop up again and again.

Cronyism: Crushing the Free Market and Promoting Rent-Seeking

A system of political favoritism is increasingly encroaching on America’s free-market system. In a recent Wall Street Journal op-ed, Luigi Zingales, a professor at the University of Chicago’s Booth School of Business, argues that crony capitalism is at the root of the West’s economic situation and that the U.S. is not far behind Italy and Greece when it comes to fiscal woes.

Economists Debate: Keynes v. Say
Paul Solman, PBS

Say thought that gluts could not exist, or at least not for long, because businesses respond quickly to what consumers really want. But suppose lots of people begin to produce things that, in the long run, nobody wants at all

The Primacy Of Catholic Social Doctrine
Dan Flaherty,

When it comes to formulating a broad understanding of what’s right and wrong in the economic sphere, do you believe that revenue and price considerations are all that matter?

Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).