Religion & Liberty Online Archives

Acton Occasional Series

January 02, 2018

Why entrepreneurs want to turn public goods into club goods

Note: This is post #62 in a weekly video series on basic microeconomics. Club goods are goods that are nonrival and excludable, says economist Alex Tabarrok. For instance, HBO is a club good, as you need to pay a monthly fee to access HBO (excludable) but more viewers does not add to costs (nonrival). Continue Reading...
December 22, 2017

5 Facts about Christmas

Christmas is the most widely observed cultural holiday in the world. Here are five facts you should know about the annual commemoration of the birth of Jesus: 1. No one knows what day or month Jesus was born (though some scholars speculate that it was in September). Continue Reading...
December 18, 2017

Explainer: Christmas 2017 by the Numbers

As the most widely observed cultural holiday in the world, Christmas produces many things—joy, happiness, gratitude, reverence. And numbers. Lots of peculiar, often large, numbers. Here are a few to contemplate this season: $74.70 – Average amount U.S. Continue Reading...
December 15, 2017

5 Facts about the Bill of Rights

Today is Bill of Rights Day, a commemoration first established by President Franklin D. Roosevelt to cherish the ‘immeasurable privileges which the charter guaranteed’ and to rededicate its principles and practice.” Continue Reading...
December 05, 2017

Do unions raise wages?

Note: This is post #59 in a weekly video series on basic microeconomics. Do unions raise wages for workers as a whole? If not, can unions raise the wages of some workers? Continue Reading...