Acton Institute Powerblog Archives

Post Tagged 'consumption'

Deck the halls with macro follies

During the holiday shopping season the media inevitably talks about consumer spending, and how it is vital to economic growth and job creation. But if people are buying more that means that are saving less. Continue Reading...

Love is the Truth

This ad perhaps captures Deirdre McCloskey’s observation that “love runs consumption” better than anything I have yet seen. Coca Cola – What Goes Around comes Around from THE APA on Vimeo. Continue Reading...

Retailers and ‘The Religion of Consumption’

There’s an intriguing piece in the NYT from last month by Hiroko Tabuchi that explores some of the challenges facing traditional retailers (HT: Sarah Pulliam Bailey), “Stores Suffer From a Shift of Behavior in Buyers.” Department stores like Macy’s and Kohl’s seem to be losing out on the rebound in consumer spending. Continue Reading...

Christmas and the Store

Today over at Think Christian I explore how Christmas relates to material goods, and specifically how we are to “seek first the kingdom of God” (Matt. 6:33). Continue Reading...

The Idle Rich

Over at his blog, Peter Boettke writes, “The idle rich are never really idle in a free market economy.” Now while we might want to distinguish between the rich and their riches, could it be that even in their consumption, conspicuous or otherwise, the rich are contributing to a rising tide that lifts all boats? Continue Reading...

Lorde, Poverty, and Envy

At Reason Thaddeus Russell argues that Macklemore and Lorde embody a kind of progressive cultural critique of capitalism, captured in the attack on “conspicuous consumption” made famous by Thorstein Veblen. Russell traces the “progressive lineage” of this critique: “Their songs continue a long tradition, rooted in progressivism, of protests against the pleasures of the poor.” Having never listened to him, I have no opinion about Macklemore. Continue Reading...

The Economic Blame Game

Yesterday’s Grand Rapids Press had an attention-grabbing feature graphic, which highlights an online interactive “game” that gives more information about each of the candidates for the “economic blame game” bracket. Press Graphic/Milt Klingensmith The four brackets are broken down by group, so the four major categories at fault are 1) the financial industry; 2) consumers; 3) government; and 4) inexplicable forces. Continue Reading...

Spending the Stimulus

Last week the Providence Journal ran a piece by me on the forthcoming “rebate” checks from the government intended to be an economic stimulus, “The mandate is to ‘spend all you can’.” I take issue with the idea that the government gives us money that is our own in the first place, and then tells us how we ought to spend it: on consumables and retail goods to spur growth in the economy. Continue Reading...

A ‘Green’ Christmas Tree

Many of us have yet to finalize plans for our Christmas decorating this year. If you haven’t yet decided what kind of tree to put up, consider the truly environmentally-friendly choice: cutting down a live tree. Continue Reading...

Economy and Energy Consumption

John Stossel must have been on vacation last week. I caught part of the 20/20 special offering for Earth Day on Friday night. Among the reports was one by Jay Schadler focusing on solar power as an alternative source of energy. Continue Reading...