On man vs. robots, don’t trust the economic models

Given the breakneck pace of improvements in automation and artificial intelligence, fears about job loss are taking more space in the cultural imagination. Symbolized by President Obama’s famous laments about ATM machines and the more recent concerns about Amazon’s “job-killing” grocery-store roboclerks, the anxiety is palpable and persistent. Continue Reading...

Millennials, marriage, and the ‘success sequence’

“What if large causes of poverty are not matters of material distribution but are behavioral — bad choices and the cultures that produce them? If so, policymakers must rethink their confidence in social salvation through economic abundance.” –George Will According to a recent report from the U.S. Continue Reading...

Hurricanes and price gouging: More from Acton analysts

Following Hurricane Harvey and Hurricane Irma, price gouging has become a hot topic of conversation. The prices of water, gasoline and hotel reservations in places effected by the hurricanes have skyrocketed, so it’s worth considering the ethical or unethical reasons behind price gouging. Continue Reading...

The consuming self as tyrant

“Consumerism is, quite precisely, the consuming of life by the things consumed. It is living in a manner that is measured by having rather than being.” -Richard John Neuhaus In a free economy, we each serve distinct roles as both producers and consumers. Continue Reading...