Acton Institute Powerblog Archives

Post Tagged 'prices'

The futility of artificial intelligence economics

Salesforce, an American cloud-based software company, earlier this year announced an initiative to develop an artificial intelligence economist. Stephan Zheng, the lead research scientist at Salesforce Research, describes the moonshot goal of this project as to build a reinforcement learning framework that will recommend economic policies that drive social outcomes in the real world, such as improving sustainability, productivity, and equality.” Continue Reading...

Minimum wage, minimum liberty

Taking their cue from Seattle, cities and states are implementing minimum wage increases all over the country. Late last year, voters in Washington approved an increase in the statewide minimum wage that will raise it to $13.50 per hour by 2020. Continue Reading...

The Seen and Unseen Effects of the Minimum Wage

Given the recent and wide-ranging discussion here on the PowerBlog surrounding the the minimum wage (Hunter Baker, Joe Carter, Jordan Ballor, Elise Hilton, yours truly), this short little video offers a nice overview of the seen and unseen effects of such an instrument. Continue Reading...

2006 in Review, 2nd Quarter

Our series on the year in review continues with the second quarter: April “Surprise! Evangelical Politics Isn’t Univocal,” Jordan J. Ballor So from issues like immigration to global warming, the press is eager to find the fault lines of evangelical politics. Continue Reading...