Chobani’s CEO on the Art of Executive Stewardship

As politicians continue to decry the supposed “greed” of well-paid investors, business leaders, and entrepreneurs — promoting a variety of reforms that seek to mandate minimums or cap executive pay — one company is demonstrating the value of economic freedom and market diversity. Continue Reading...

Samuel Gregg: How Bernie Sanders spins a papal encyclical

At The Stream, Acton Institute Research Director Samuel Gregg does a crime scene investigation of Bernie Sanders’ take on Pope John Paul II’s Centesimus Annus encyclical. You might never guess, by listening to the Democrat presidential candidate, that John Paul actually had some positive things to say about the market economy. Continue Reading...

A Policy Solution to Fix Inequality and Boost GDP

Andrew Biggs of AEI has a piece up today at Forbes addressing the gender pay gap and provides a neat solution: “forbid women from staying at home with their children.” As Biggs points out, such a policy would address perhaps the greatest root cause of gender pay inequality: varied work experience attributable to choices women make. Continue Reading...

Are We Better Off If We Buy Local?

Does spending more money locally keep money in the community, creating jobs and improving the economic situation of our immediate neighbors? Probably not. Economist Don Boudreaux shows that if we bought everything because it was “local” (rather than because it was the best product or service) we would just be voluntarily making ourselves poorer. Continue Reading...

A Simple Tool for Measuring Economic Well-Being

Is the average American better off today economically than they were 4 years ago? What about 40 years ago? How would you go about answering those questions? In this video economist Alex Tabarrok explains the difference between nominal and real GDP and shows us a simple tool that can help us determine if our economic well-being as a nation is increasing or decreasing. Continue Reading...

Why Edmund Burke Supported Free Trade

The Republican Party is fracturing on the topic of trade. Alas, in the same corners where free and open exchange was once embraced as a propeller for economic growth and dynamism, protectionism is starting to stick. Continue Reading...