Acton Institute Powerblog Archives

Post Tagged 'economics'

Kings without a king: Kuyper on the illusion of independence

“A human kingship imperceptibly came to power, leaving no place for the kingship of Christ.” –Abraham Kuyper The West prides itself on valuing freedom – political, economic, religious, and otherwise. For some, this leads to the promotion of a certain brand of libertinism: the freedom to do what we want. Continue Reading...

Does the equilibrium model work in the real world?

Note: This is the seventh post in a weekly video series on basic microeconomics. In previous videos in this series from Marginal Revolution University we learned how prices reach equilibrium and how the market works like an invisible hand coordinating economic activity. Continue Reading...

When it comes to economics, Pope Francis gets caught up in the rhetoric

We all (probably) want to reduce poverty, but how do we actually go about doing that? Pope Francis has been extremely vocal about this problem, but many have taken issue with his suggested solutions.When describing modern capitalism, he’s used phrases like “globalización de la indiferencia” and “cultura del descarte” or a globalization of indifference and a throwaway culture. Continue Reading...