Acton Institute Powerblog Archives

Post Tagged 'Macroeconomics'

The Moral Value of Economic Growth

In 1820, America’s per capita income averaged $1,980, in today’s dollars. But by 2000, it had increased to $43,000. That economic growth has benefited the rich, of course. But it has also transformed the lives of the poor — and prevented many more from becoming or staying poor. Continue Reading...

What Christians Should Know About Money

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Money What it Means: In economics, money is a broad term that refers to any financial instrument that can fulfill the functions of money (more on that in a moment). Continue Reading...

60 Second Review: Milton Friedman

The Book: Milton Friedman: A concise guide to the ideas and influence of the free-market economist by Eamonn Butler The Gist: As the subtitle suggests, this short book provides a concise overview of the ideas and influence of the late economist, Milton Friedman The Quote: “[T]he supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. Continue Reading...

A Letter on Work and Worth

The following is a letter written in response to a post from my friend Brad Littlejohn on the topic of the minimum wage.  Dear Brad, Thank you for your thoughtful and substantive engagement on the question of the minimum wage. Continue Reading...

Inflation and the Minimum Wage

In yesterday’s edition of The Transom, which I highly recommend, Ben Domenech included a discussion that places the debates over raising the minimum wage within the broader context of the effects of inflation more generally. Continue Reading...