Acton Institute Powerblog Archives

Post Tagged 'Index numbers'

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...

Economic Freedom: Vital for All

On Nov. 28, the Canada-based Fraser Institute released the eighth edition of its annual report, Economic Freedom of North America 2012, in which the respective economic situation and government regulatory factors present in the states and provinces of North America were gauged. Continue Reading...