Acton Institute Powerblog Archives

Christians Need to Know

What Christians Should Know About Fractional Reserve Banking

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Fractional Reserve Banking What it Means: Understanding fractional reserve banking is easier if we separate what it is (which is rather simple to explain) and the effects the system produces (which is slightly more complicated). Continue Reading...

What Christians should know about the time value of money

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Time Value of Money What It Means: The time value of money (TVM) is the concept that because of potential earning capacity, money available at the present time is worth more than the same amount at a future time. Continue Reading...

What Christians Should Know About Crony Capitalism

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Crony capitalism (sometimes referred to as cronyism or corporatism) What it means: Crony capitalism is a general term for the range of activities in which particular individuals or businesses in a market economy receive government-granted privileges over their customers and/or competitors. Continue Reading...

What Christians Should Know About Consumption

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Consumption What it means: Consumption is the use of goods and services by households. Continue Reading...

New York City is Post Secular and Highly Religious

Large cities in the northeast like Boston, New York, Newark, Philadelphia, and so on, are often caricatured as wastelands of non-religious, unchurched, overtly secular theaters. Caricatures of this type seem odd given the fact that many of America’s oldest religious institutions are actively operating in those regions. Continue Reading...

What Christians Should Know About Comparative Advantage

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Comparative advantage What it Means: The ability of an individual or group of individual (e.g., a business firm) to produce goods or services at a lower opportunity cost than other individuals or groups. Continue Reading...