Acton Institute Powerblog Archives

Post Tagged 'prosperity'

Thomas Sowell on poverty, politics, and the origins of prosperity

“The mundane progress driven by ordinary economic and social processes in a free society becomes dramatic only when its track record is viewed in retrospect over a span of years.” –Thomas Sowell In a recent edition of Uncommon Knowledge, economist Thomas Sowell discusses his latest book, Wealth, Poverty, and Politics, which provides a comprehensive argument for the origins of prosperity. Continue Reading...

The 6 Elves of Capitalism

In “The Elves and the Shoemaker,” the famous fairy tale by the Brothers Grimm, a cobbler and his wife struggle to survive, barely making enough to eat (never mind investing in the future of their business). Continue Reading...

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