Acton Institute Powerblog Archives

Post Tagged 'wealth'

The Loneliness of the Fortunate

“Rembrandt The Hundred Guilder Print” by Rembrandt – www.rijksmuseum.nl : Home : Info. Licensed under Public Domain via Wikimedia Commons. “No, those who labor and are heavy-laden do not all look the way Rembrandt drew them in his ‘Hundred Guilder’ picture—poverty-stricken, miserable, sick, leprous, ragged, with worn, furrowed faces. Continue Reading...

ArtPrize: A Study In Free Markets, Private Wealth and Public Opinion

Mako Fujimura, one of the artists hosted by the Acton Institute for ArtPrize 2014 Here in Grand Rapids, we are awaiting the beginning of ArtPrize (Sept. 24-Oct. 12.) For those of us who live or work in the city, we are seeing signs of it: posters hung in coffee shop windows, artists installing pieces, restaurants adding waitstaff, and venues getting spit-shined. Continue Reading...

Video: Ron Blue on Perpetual Generosity

On Tuesday, the Acton Institute welcomed Ron Blue to the Mark Murray Auditorium to deliver an address on the topic of “Perpetual Generosity.” In his lecture, Blue draws from his nearly 50 years in the financial services world, with 35 of those working almost exclusively with Christian couples, in order to lay out some basic principles and strategies for developing and wisely distributing wealth. Continue Reading...

The Idle Rich

Over at his blog, Peter Boettke writes, “The idle rich are never really idle in a free market economy.” Now while we might want to distinguish between the rich and their riches, could it be that even in their consumption, conspicuous or otherwise, the rich are contributing to a rising tide that lifts all boats? Continue Reading...

Capital Then and Now

Speaking of Thomas Piketty, here’s a very helpful and revealing interview with Matthew Yglesias, “Thomas Piketty doesn’t hate capitalism: He just wants to fix it.” (HT: PEG) A few highlights with some comment: On the need for a historical perspective in economics: Thomas Piketty: … It’s not only economists’ fault. Continue Reading...

Reduce Inequality By Redistributing Innovation

Inequality in consumption used to be a matter of acreage. Throughout most of history, economic value was chiefly found in land or personal property. The divide between the rich and the poor was therefore between those who owned property and those who did not. Continue Reading...