Acton Institute Powerblog Archives

Post Tagged 'Distribution of wealth'

The most surprising fact about American poverty

Every year, the U.S. Census comes out with its report on incomes and poverty. And every year the same finding repeatedly surprises me. As economist David Henderson says, the report “always shows that there is mobility between income categories, even in the short run, and that poverty is temporary for most people in America who experience it. Continue Reading...

How Growth Rates Lead to Flourishing

Why do some countries grow richer faster than others? How can we explain wealth disparities between countries? The answer: Growth rates. Economist Alex Tabarrok explains how even small changes to growth rates can have a big effect on the economy of a country—and on the flourishing of its citizens. Continue Reading...

Income Inequality Isn’t The Problem; Greed Is

Recently, Rev. Robert Sirico spoke in Chicago. He was asked a question regarding income inequality. His answer was that he didn’t care how much money Bill Gates had, nor did it matter to him the difference between Gates’ income and say, Warren Buffet’s. Continue Reading...

Which Inequality? Trends Toward Equality in Lifespans and Education

Earlier this month, I wrote a two part article for the Library of Law & Liberty, critiquing the uncritical condemnation of income inequality by world religious leaders. In part 1, I pointed out that “while the Pope, the Patriarch, the Dalai Lama, and others are right about the increase in [global income] inequality, they are wrong to conclude that this causes global poverty—the latter is demonstrably on the decline. Continue Reading...

The Connection Between Inequality and Poverty Alleviation

“If there is one thing that religious leaders around the world seem to agree on today,” says Acton research associate Dylan Pahman, “it is the evils of income inequality stemming from a globalized economy.” But as Pahman points out, there is a connection between inequality and poverty alleviation that affirms the moral merits of economic liberty: It would seem the consensus is that economic inequalities have increased worldwide, and this is a clear moral evil. Continue Reading...

Capital Then and Now

Speaking of Thomas Piketty, here’s a very helpful and revealing interview with Matthew Yglesias, “Thomas Piketty doesn’t hate capitalism: He just wants to fix it.” (HT: PEG) A few highlights with some comment: On the need for a historical perspective in economics: Thomas Piketty: … It’s not only economists’ fault. Continue Reading...