Acton Institute Powerblog Archives

Post Tagged 'opportunity cost'

Benjamin Franklin’s advice on the Chicago schools strike

Their last remaining dispute in the Chicago schools strike could be resolved if both sides understood a basic economic concept taught by one of the nation’s Founding Fathers. Although the Chicago Public Schools and the Chicago Teachers Union announced a tentative agreement Wednesday evening, the Second City’s 300,000-plus students still began their eleventh day outside the classroom Thursday, because the CTU added a new demand Wednesday night. Continue Reading...

Two Perspectives on Climate Change

These two brief essays provide a good juxtaposition of two perspectives that view immediate and mandated action to reduce carbon emissions as either morally obligatory or imprudent. For the former, see Vaclav Havel’s, “Our Moral Footprint,” which states rhetorically, “It is also obvious from published research that human activity is a cause of change; we just don’t know how big its contribution is. Continue Reading...