Acton Institute Powerblog Archives

Post Tagged 'economic growth'

The magic of the washing machine

What was the greatest invention of the industrial revolution? Hans Rosling makes the case for the washing machine. Rosling explains how the productivity gains of the washing machine—and similar labor-saving devices—lead to increases in education and economic growth in the developing world. Continue Reading...

Differing views on economic growth

Economic Growth in the U.S. has slowed down compared to historical averages according to recent reports from the Bureau of Economic Analysis.  Some are claiming that this is okay and that it is “normal” while there are others who disagree and understand that economic growth is essential to a prospering society.  Continue Reading...

A Policy Solution to Fix Inequality and Boost GDP

Andrew Biggs of AEI has a piece up today at Forbes addressing the gender pay gap and provides a neat solution: “forbid women from staying at home with their children.” As Biggs points out, such a policy would address perhaps the greatest root cause of gender pay inequality: varied work experience attributable to choices women make. Continue Reading...