Acton Institute Powerblog Archives

Post Tagged 'economy'

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...

Economics made the world a better place

“A lot of doom and gloom types say we’re living in dark times. But they’re wrong,” says economist Donald J. Boudreaux. “While there are real problems, the world has never been healthier, wealthier, and happier than it is today. Continue Reading...

5 Facts about Jean-Baptiste Say

Today is the 250th anniversary of Jean-Baptiste Say, one of the most important economic thinkers of the nineteenth century. Here are five facts you should know about this French economist: 1. Continue Reading...

The magic of the washing machine

What was the greatest invention of the industrial revolution? Hans Rosling makes the case for the washing machine. Rosling explains how the productivity gains of the washing machine—and similar labor-saving devices—lead to increases in education and economic growth in the developing world. Continue Reading...