Acton Institute Powerblog Archives

Acton Occasional Series

6 Quotes: G.K. Chesterton on freedom and virtue

Yesterday was the 144th birthday of G.K. Chesterton. In his honor, here are six quotes by the great British writer on freedom and virtue. On defending virtue: “The act of defending any of the cardinal virtues has today all the exhilaration of a vice.” On modern freedom: “Most modern freedom is at root fear. Continue Reading...

An introduction to the Solow Model

Note: This is post #80 in a weekly video series on basic economics. The Solow model was named after Robert Solow, the 1987 winner of the Nobel Prize in Economics. Among other things, the Solow model helps us understand the nuances and dynamics of growth, says Alex Tabarrok of Marginal Revolution University. Continue Reading...

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...