Acton Institute Powerblog Archives

Post Tagged 'Alex Tabarrok'

How markets link the world

Note: This is post #16 in a weekly video series on basic microeconomics. Ten years ago this week, Apple unveiled the iPhone. It’s a product that was designed in California and produced by thousands of people all over the world. Continue Reading...

An economist’s Christmas: Is gift-giving wasteful?

During a season such as Christmas, where hyper-consumerism and hyper-generosity converge in strange and mysterious ways, it’s a question worth asking: How much of our gift-giving is inefficient and wasteful? For some, it’s a buzz-kill question worthy of Ebenezer Scrooge. Continue Reading...

Understanding tax revenue and deadweight loss

Note: This is post #12 in a weekly video series on basic microeconomics. Why do taxes exist? What are their effects? In this video by Marginal Revolution University, economist Alex Tabarrok explains how taxes affect consumer surplus and producer surplus. Continue Reading...

Does Innovation Triumph Over Regulation?

Do government regulations squelch marketplace innovation? A new study from the U.S. Census Bureau’s Nathan Goldschlag and George Mason University’s Alex Tabarrok says, “Not really.” According to Ryan Young at the Competitive Enterprise Institute: …the underlying institutions of social cooperation, market exchange, and dynamism are strong enough that federal regulation has, according to Goldschlag and Tabarrok’s analysis, so far been unable to squelch them. Continue Reading...