Acton Institute Powerblog Archives

Acton Occasional Series

The puzzle of economic growth

Note: This is post #79 in a weekly video series on basic economics. Why are some countries rich and others poor? There are various factors that interact in a dynamic and changing environment. Continue Reading...

How geography affects economic growth

Note: This is post #78 in a weekly video series on basic economics. You could fit most of the U.S., China, India, and a lot of Europe, into Africa. But if you compare Africa to Europe, Europe has two to three times the length of coastline that Africa. Continue Reading...

The importance of institutions

Note: This is post #77 in a weekly video series on basic economics. When it comes to understanding economic growth, says Tyler Cowen of Marginal Revolution University, institutions are often critically important. Continue Reading...

5 Facts about Karl Marx

This Saturday is the 200th anniversary of the birth of Karl Marx, the most destructively influential writer on economics in world history. Here are five facts should know about the German philosopher and co-author of The Communist Manifesto: 1. Continue Reading...

Explainer: House GOP proposes changes to ‘food stamp’ program

What just happened? Last week the House Agriculture Committee introduced the Agriculture and Nutrition Act of 2018, more commonly known as the Farm Bill. The new Farm Bill makes significant changes to the Supplemental Nutrition Assistance Program (SNAP), the “largest program in the domestic hunger safety net.” What is SNAP? Continue Reading...

6 Quotes: Thomas Jefferson on liberty and government

Today is the 275th birthday of Thomas Jefferson. Since our third president would object to us celebrating his birthday (“The only birthday I ever commemorate,” Jefferson once said, “is that of our Independence, the Fourth of July.”) let’s take this opportunity to instead look at six quotes by Jefferson on liberty and government. Continue Reading...