The Romer Nobel cheers human potential

“Just last week I was telling a colleague that I hoped Paul Romer would finally win the Nobel prize in economics,” says Victor V. Claar in this week’s Acton Commentary. “And then he did.” I’ve been a Paul Romer fan since I started teaching intermediate macroeconomics more than a decade ago—the “macro” course college students might take following the introductory one. Continue Reading...

5 ways the West gets African development all wrong

“In the last few weeks, Africa witnessed two major events that could influence the continent’s economic landscape in the coming decades,” says Ibrahim B. Anoba in this week’s Acton Commentary. First was the visit by British Prime Minister Theresa May and her pledge of $5.1 billion in investments continent-wide, as the UK prepares for life after Brexit. Continue Reading...

A Jewish perspective on market, justice, and charity

“Not a day goes by when there’s not some concern raised about the state of the economy and how people are faring,” says Curt Biren in this week’s Acton Commentary. “While recent economic growth has been promising, wage growth is lackluster, many say.” The middle class is shrinking. Continue Reading...

Look to the Dutch for true educational pluralism

“During the seven-decade political struggle in the Netherlands to allow parents to select schools corresponding to their religious convictions, Abraham Kuyper articulated a concept of “sphere sovereignty” that translates, in policy terms, into principled structural pluralism,” says Charles L. Continue Reading...

Walmart’s T-shirt homage to mass murder

It is extremely concerning and offensive to find Walmart and other retailers promoting what they call “cool shirts“ — bright red tees emblazoned with the Soviet hammer and sickle, says Mari-Ann Kelam in this week’s Acton Commentary. Continue Reading...

The bright side of the trade war with China?

“This year marks the 40th anniversary of one of the most consequential anti-poverty programs in human history,” says Rev. Ben Johnson in this week’s Acton Commentary. “Now, there is evidence that its spillover effects may lift millions more out of dire need.” The new openness to enterprise, private property, and investment led to China’s meteoric economic rise. Continue Reading...

What do stock markets do?

Note: This is post #89 in a weekly video series on basic economics. A company can raise money and create new investment by selling shares through an initial public offering (IPO). Continue Reading...

Why we need virtue education

“The wider culture needs virtue education, because a free society relies on certain bedrock moral principles being inculcated and incarnated,” says Josh Herring in this week’s Acton Commentary. We need business men, doctors, lawyers, plumbers, electricians, and grocers who act with the honesty which allows the free market to thrive. Continue Reading...

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