Acton Institute Powerblog Archives

Post Tagged 'economy'

Tribalism and the dangers of identity economics

Occasioned by some local controversy over a political endorsement by the Grand Rapids Chamber of Commerce, in the Detroit News today I have a piece worrying about the implications of what might be called ‘identity economics,’ or “where we only agree to economic transactions with those who agree with us on an ever-growing list of moral or even political shibboleths.” A highlight: The deleterious effects of limiting our economic and social interactions on the basis of visible characteristics like ethnicity or gender are obvious. Continue Reading...

Prosperity matters more than social mobility or income inequality

Embed from Getty Images   Social mobility is the ability of an individual or family to improve (or lower) their economic status. The two main types of social mobility are intergenerational (i.e., a person is better off than their parents or grandparents) or intragenerational (i.e., income changes within a person or group’s lifetime).  Continue Reading...

Samuel Gregg asks, ‘what good is money?’

While money’s purpose is to serve as a medium of exchange, this is not its only function. Samuel Gregg, in an article for Witherspoon Institute’s Public Discourse, defines the purpose of money and finance, in general, as well as its ability to serve the economy of the people. Continue Reading...

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