Acton Institute Powerblog Archives

Post Tagged 'economics'

October 02, 2014

Samuel Gregg: Europe Is Rotting

Sam Gregg, Acton’s Director of Research, bemoans the state of Europe in The American Spectator today. In a piece entitled, “Something is Rotten in the State of Europe,” Gregg begins by noting that Germany seems to have lost all common sense. Continue Reading...
September 18, 2014

Boyhood, the Masculine Spirit, and the Formative Power of Work

The modern age has introduced many blessings when it comes to child-rearing and child development, offering kids ever more opportunities for education, play, personal development, and social interaction. Yet as time, leisure, and wealth continue to increase, and as we move farther away from years of excessive and intensive child labor, we ought to be wary of falling into a different sort of lopsided lifestyle — one that over-elevates other goods (e.g. Continue Reading...
August 27, 2014

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...
August 20, 2014

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: Eucken adds four qualifications that are important to keep in mind: “These forms of market are actual forms which have been or are to be found in actual economic life (often blended with one another, and existing alongside the forms of a centrally directed economy). Continue Reading...
August 19, 2014

Will A Sharing Economy Be A Growing Economy?

John O. McGinnis, the George C. Dix Professor in Constitutional Law at Northwestern University, says we are in the midst of a sharing economy, and that’s a good thing. (Don’t get all socialist on me; a sharing economy is one driven by service and technology. Continue Reading...