Acton Institute Powerblog Archives

Post Tagged 'economics'

Reordering the loves: How vocation redeems our self-interest

“The economic order, in light of the doctrine of vocation, becomes a complex network of individual human beings loving and serving each other according to their God-given gifts and abilities. The division of labor is transfigured into a labor of love.” –Gene Veith “Martin Luther” by Lucas Cranach der Ältere (Public Domain) In his latest book, Working for Our Neighbor, Gene Veith explores a Lutheran understanding of work, vocation, and economics, concluding that, for the Christian, work and vocation are God’s design for serving the people around us. Continue Reading...

Audio & Video: Sirico & Bonicelli on the Trump Administration

As the Trump Administration begins its work this week, the media continues to call on the Acton Institute for analysis and commentary, both in the US and abroad. Internationally, Acton Director of Programs and Education Paul Bonicelli joined host Alex Jensen on tbs eFM 101.3’s “This Morning” program in Seoul, South Korea on January 22nd to discuss the economic challenges facing the incoming administration, and the likelihood of potential trade conflicts between the United States and other nations down the road based on the protectionist rhetoric from Trump both on the campaign trail and during the presidential transition. Continue Reading...

Pope Francis, Manzoni’s The Betrothed, and sound economics

Alessandro Manzoni Alessandro Manzoni, an Italian poet and novelist, is best known for his book The Betrothed.  Rev. Robert Sirico, president and co-founder of the Acton Institute, recently wrote an article for Crisis Magazine praising Manzoni and discussing some of the economic themes found in The BetrothedContinue Reading...

Economics made the world a better place

“A lot of doom and gloom types say we’re living in dark times. But they’re wrong,” says economist Donald J. Boudreaux. “While there are real problems, the world has never been healthier, wealthier, and happier than it is today. Continue Reading...

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...

A price is a signal wrapped up in an incentive

Note: This is post #15 in a weekly video series on basic microeconomics. The price system allows for people with dispersed knowledge and information to coordinate global economic activity. The global production of roses, for example, reveals how the price system is emergent, and not the product of human design. Continue Reading...

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...

The cost of Twelve Days of Christmas: $34,363.49

If you’ve been stuck at the mall listening to a song about ten Lords a-Leaping and eight Maids a-Milking you can blame the Jesuits. Rumor has it they invented the Twelve Days of Christmas song as a catechism in code for persecuted Catholics in 16th-century England. Continue Reading...