Acton Institute Powerblog Archives

Post Tagged 'demand'

5 Facts about Jean-Baptiste Say

Today is the 250th anniversary of Jean-Baptiste Say, one of the most important economic thinkers of the nineteenth century. Here are five facts you should know about this French economist: 1. Continue Reading...

Every Market Form in a Single Chart

Reading through the German economist Walter Eucken’s work The Foundation of Economics (1951), I came across one of the most helpful charts for economic analysis I have yet to find. In it, Eucken gives every possible form of market in a single table: The Foundation of Economics, p. Continue Reading...

Student Debt and the Value of an Education

“Despite the mounting cost and swelling debt,” notes Laura Prejean in this week’s Acton Commentary, “America’s demand for education, particularly higher education, has not decreased, defying typical market expectations.” This is what economists call inelastic demand, when people continue to buy a good or service regardless of an increase in prices. Continue Reading...

Survey: What Do You Look for in a Pastor?

Finding the right pastor or priest for a congregation can be a trying ordeal. It is stressful for the candidates, stressful for committees, stressful for elders and bishops (where applicable). In some cases, qualified ministers have no church, and churches have no permanent minister. Continue Reading...

How Did You Know You Wanted An iPhone?

Did you wake up one morning and think, “I wish I had a phone that would not only allow me to text and call, but play games, get directions, read books, allow me access to all social media and take pictures?” Not likely. Continue Reading...

Do We Want Prices to Fool Us?

J.C. Penney recently gave up on last year’s strategy to abandon sales and coupons in favor of “everyday low pricing.” As an article in the New York Times points out, “simplifying pricing, it turns out, is not that simple”: “It may be a decent deal to buy that item for $5,” said Ms. Continue Reading...

Check out this Energy Debate

A debate about the future of energy policy is being held over at sp!ked, sponsored by Research Councils UK. From their notice: THE FUTURE OF ENERGY Expanding supply or managing demand? Continue Reading...