Acton Institute Powerblog Archives

Post Tagged 'economics'

Detroit: A Collapse of Real Integrity

Douglas Wilson has an interesting take on Detroit’s bankruptcy: “like a drunk trying to make it to the next lamp post.” Why this analogy? Wilson says we first have to understand that Detroit is inevitably in a defaulting situation; the question now is what kind of default. Continue Reading...

Jonathan Witt: ‘Memo to Tinseltown’

The newly released movies, Lone Ranger and Iron Man 3 both feature an evil capitalist as the villain. Writing at The American Spectator, Jonathan Witt addresses this common practice in Hollywood: This media stereotype is so persistent, so one-sided, and so misleading that an extended definition of capitalism is in order. Continue Reading...

D.C.’s ‘Big Box’ Minimum Wage Hurts the Poor

A mere recital of the economic policies of governments all over the world is calculated to cause any serious student of economics to throw up his hands in despair. What possible point can there be, he is likely to ask, in discussing refinements and advancements in economic theory, when popular thought and the actual policies of governments…have not yet caught up with Adam Smith? Continue Reading...

Video: Samuel Gregg on Becoming Europe

On June 27, 2013, Samuel Gregg, Acton’s Director of Research, discussed his book Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future as part of the 2013 Acton Lecture Series. Continue Reading...

How to Measure an Economy

Among the most significant economic challenges in America today is getting Americans to understand what an economy is. When the Latin term oeconomia was first used in the 1500s it meant “household management.” A few centuries later, the term political economy was used in reference to the economies of states or polities. Continue Reading...

The Problem With ‘Buy American’

The call to “buy American” is one we hear frequently or see plastered on the bumper of the car in front of us. Donald Boudreaux, senior economics advisor at Mercatus Center, explains the problem with this ideal in a letter to the Washington Post: Let’s make a deal.  Continue Reading...

‘Economic Examination of Conscience’

Kishore Jayabalan, Rome director of the Acton Institute for the Study of Religion and Liberty, clarified remarks made by Pope Francis at a May 16 reception of new Vatican ambassadors. The pope, calling for an examination of the world’s relationship with money, said we are facing “dire consequences” due to the power we give money. Continue Reading...

You Say You Want A Revolution? Count The EU Out

German Finance Minister Wolfgang Schaeuble is a frustrated man. With unemployment rates in Germany hovering at around 8 percent, and Greece and Spain at almost 60 percent, he believes the EU is on the brink of “revolution.” His answer is not to scrap the welfare model however; he wants to preserve it. Continue Reading...