Acton Institute Powerblog Archives

Post Tagged 'inequality'

Three Keys to a Flourishing Middle Class

In the latest edition of his monthly newsletter, Economic Prospect, John Teevan offers three keys to cultivating a flourishing middle class, as excerpted below: Income and Jobs: America looks at jobs and incomes alone and can only explain fading middle class by blaming rich people. Continue Reading...

When Should We Be Worried About Economic Inequality?

The topic of economic inequality continues to be at the forefront of our current political discussions, thanks in no small part by a president who calls it “the defining challenge of our time.” But although such concerns are more typically lobbed about rather carelessly and thoughtlessly — cause folks to fret over the “power” of small business owners and entrepreneurs in a mythological zero-sum market ecosystem — there are indeed scenarios in which the rise of such inequality ought to give us pause. Continue Reading...

Samuel Gregg: The Envy-Inequality Nexus

Acton’s Director of Research, Sam Gregg, ponders “Envy In A Time Of Inequality” in today’s American Spectator. Envy, he opines, is the worst human emotion. From the time that Cain killed Abel to today’s “near-obsession with inequality,” Gregg says envy is driving public policy…and that’s not good. Continue Reading...

Notes on the Question of Inequality

This summer’s issue of The City, which includes an article by myself on Orthodoxy and ordered liberty, opens with a symposium of five articles on “The Question of Inequality.” These include two articles on Pope Francis, two on French economist Thomas Piketty’s recent book Capital in the Twenty-First Century, and one on the Bible. 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...

Free Book Giveaway: ‘Integrated Justice and Equality’ by John Teevan

Christian’s Library Press recently released Integrated Justice and Equality: Biblical Wisdom for Those Who Do Good Works by John Addison Teevan, which seeks to challenge popular notions about “social justice” and establish a new framework around what Teevan calls “biblically integrated justice.” Weaving together thought and action from a variety of perspectives and points throughout history, Teevan offers a refreshingly integrated economic, philosophic, and biblical framework. Continue Reading...

Globalization By Itself is Not Enough

A recent NBER paper, “Distributional Effects of Globalization in Developing Countries,” by Pinelopi Koujianou Goldberg and Nina Pavcnik examines some effects of trade liberalization on low-skill workers. Les Picker summarizes the findings, “Not surprisingly, the entry of many developing countries into the world market in the last three decades coincides with changes in various measures of inequality in these countries. Continue Reading...