Lessons from Poverty, Inc.

“An underlying theme in basic economics says, ‘offering a product for free can destroy the local economy’” writes Luis Miranda.  Miranda recently watched Poverty, Inc and since seeing the award winning Acton Institute documentary he has shared some of its lessons in an article at The Indian EconomistContinue Reading...

The global poor’s exclusion from markets

Photo courtesy of Flickr It’s a common misconception in public discourse that the global poor are trapped in poverty because of globalization.  We frequently hear things from our public leaders about how markets are crushing the poor.  Continue Reading...

When Generosity Transforms a Community

Bishop Hannington longed to see an awakening to generosity in his town of Bundibugyo, Uganda, where many viewed giving more as a matter of duty than heartfelt joy. Yet what at first seemed like a significant challenge soon grew even steeper. Continue Reading...

Why Emergency Food Assistance Can Prolong War and Conflict

There are ten vital foundational lessons that should be taught in any introductory course on economics, says Don Boudreaux, a professor of economics at George Mason University. The first three lessons on his list are, (1) [T]he world is full of both desirable and undesirable unintended consequences – consequences that are largely invisible but that even a course in ‘mere’ principles of economics gives us great vision that enables us to “see,” (2) intentions are not results; (3) our world is unavoidably one of trade-offs and not “solutions,” … While these lessons can be easily understood in theory, applying them to the real world can often be surprisingly difficult. Continue Reading...

Poverty in the Developing World

Michael Matheson Miller, research fellow at the Acton Institute, presented a course at Acton University a few weeks ago titled, “Poverty in the Developing World.” The purpose of the lecture was to demonstrate the root cause of global poverty and to analyze the impact of attempts to alleviate poverty through economic aid. Continue Reading...

Poverty Imagery and the ‘Christmas Song’

Members of Band Aid in 1984 In last week’s Acton commentary, “The Worst Christmas Song Ever,” Jordan Ballor touched on the well-intentioned yet harmful message shared by “Do They Know It’s Christmas?” the 1984 song produced by the music group, Band Aid, in response to the famine that struck Ethiopia. Continue Reading...