Acton Institute Powerblog Archives

Post Tagged 'economics'

Bill Gates and ‘Catalytic Philanthropy’

In today’s Wired, Microsoft founder Bill Gates shares his thought on how busines, government and philanthropy can make positive changes in the world. Gates makes it clear that he is pro-capitalism: I am a devout fan of capitalism. Continue Reading...

Trade as a Solution for Bickering Toddlers

If you’ve raised multiple children, you’ve dealt with sibling bickering, particularly if said children are close in age. With a three-year-old boy and a two-year-old girl, both just 13 months apart, our family has suddenly reached a stage where sibling play can be either wholly endearing or down-right frightening. Continue Reading...

Deneen and Creative Destruction

Among many other bizarre claims in his most recent article at The American Conservative, Patrick Deneen writes, Today’s conservatives are liberals — they favor an economy that wreaks “creative destruction,” especially on the mass of “non-winners,” increasingly controlled by a few powerful actors who secure special benefits for themselves and their heirs…. Continue Reading...

‘Well, When You Say It Like That … :’ America’s Debt Limit Explained

This short, satirical video sums up our mess. Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European FutureIn Becoming Europe, Samuel Gregg examines economic culture - the values and institutions that inform our economic priorities - to explain how European economic life has drifted in the direction of what Alexis de Tocqueville called "soft despotism", and the ways in which similar trends are manifesting themselves in the United States. Continue Reading...

A Failure to Save

Photo Credit: Alan Cleaver via Compfight cc This first appeared in my newsletter, Economic Prospect, in late 2008. Looking back after five years I still like it. The American failure to save is matched by our insistence on spending to have it all. Continue Reading...

Surplus = Happiness, Deficit = Misery

Wilkins Micawber, the namesake for the Micawber Principle.Joe Carter points to a Lifehacker article that sums up two basic equations that lead to the creation of wealth (with what I consider to be a clarifying correction applied in the first formula): Income spending = surplus Surplus x time = wealth Likewise, Wilhelm Röpke, in his A Humane Economy, points to two equations arising from classical literature that connect surplus with happiness and deficit to misery (the Micawber Principle). Continue Reading...