Acton Institute Powerblog Archives

Post Tagged 'it’s a wonderful life'

The Economics of Bedford Falls (Part III)

[Note: This is the final post in a series highlighting some of the financial aspects and broad economic lessons of Frank Capra’s holiday classic, It’s a Wonderful Life. You can find part one here and part two here.] Economist Don Boudreaux recently outlined ten foundational lessons that should be learned in every well-taught principles of economics course. Continue Reading...

The Fountainhead of Bedford Falls

[Note: A version of this article ran last year around Christmastime. I’m posting it again because I love talking about Frank Capra and everyone else seems to love talking about Ayn Rand.] Frank Capra and Ayn Rand are two names not often mentioned together. Continue Reading...

What Would Life Be Like Without Capitalism?

The Fund for American Studies has produced a superb It’s a Wonderful Life-style video about life without capitalism. The video not only shows what life would be like if we banned free enterprise (i.e., a lot like Soviet Russia) but also makes the point that when you lose economic freedom you lose other freedoms too. Continue Reading...

Rand Redivivus?

Heather Wilhelm of the Illinois Policy Institute examines the usefulness of Ayn Rand for political engagement by friends of the market economy in a WSJ op-ed, “Is Ayn Rand Bad for the Market?” She concludes, Rand held some insight on the nature of markets and has sold scads of books, but when it comes to shaping today’s mainstream assumptions, she is a terrible marketer: elitist, cold and laser-focused on the supermen and superwomen of the world. Continue Reading...