Acton Occasional Series

June 18, 2018

The Solow model and ideas

Note: This is post #84 in a weekly video series on basic economics. According to previous videos in this series, the Solow model seems to predict that we’ll always end up in a steady state with no economic growth. Continue Reading...

June 12, 2018

The Solow Model and the steady state

Note: This is post #82 in a weekly video series on basic economics. In the previous two videos in this series we’ve looked at a simplified Solow model. On one end of the model is input, and on the other end, we get output. Continue Reading...

June 11, 2018

5 Facts about North Korea’s Kim dynasty

President Trump will begin a historic summit tomorrow with the North Korean dictator Kim Jong Un. Here are five facts you should know about the Kim family, the secretive autocratic regime that has ruled North Korea for more than sixty years. Continue Reading...

June 07, 2018

Explainer: What you should know about the Right to Try Act

Last week, Congress passed and the president signed into law the “Right to Try Act,” legislation President Trump had touted in his previous State of the Union address. Here is what you should know about the new law. Continue Reading...

June 05, 2018

Physical capital and diminishing returns

Note: This is post #81 in a weekly video series on basic economics. How did Germany and Japan achieve record economic growth following World War II? A primary reason is physical capital. Continue Reading...

June 04, 2018

6 Quotes: Free Expression, Religious Freedom, and the Masterpiece Cakeshop Ruling

Earlier today the Supreme Court handed down a ruling in Masterpiece Cakeshop v. Colorado Civil Rights Commission, the most important religious freedom case of the year. Despite being a win for the bakery and its owner, Jack Phillips, the future implications of this case for religious liberty are rather narrow in scope. Continue Reading...

June 01, 2018

Unemployment as economic-spiritual indicator — May 2018 report

Series Note: Jobs are one of the most important aspects of a morally functioning economy. They help us serve the needs of our neighbors and lead to human flourishing both for the individual and for communities. Continue Reading...

May 30, 2018

6 Quotes: G.K. Chesterton on freedom and virtue

Yesterday was the 144th birthday of G.K. Chesterton. In his honor, here are six quotes by the great British writer on freedom and virtue. On defending virtue: “The act of defending any of the cardinal virtues has today all the exhilaration of a vice.” Continue Reading...

May 29, 2018

An introduction to the Solow Model

Note: This is post #80 in a weekly video series on basic economics. The Solow model was named after Robert Solow, the 1987 winner of the Nobel Prize in Economics. Among other things, the Solow model helps us understand the nuances and dynamics of growth, says Alex Tabarrok of Marginal Revolution University. Continue Reading...

May 24, 2018

Explainer: Congress rolls back regulations on banks and financial institutions

What just happened? On Tuesday, the House voted 258-159 (including 33 Democrats) in favor of the Economic Growth, Regulatory Relief and Consumer Protection Act. The legislation rolls back some of the Dodd-Frank banking and financial regulations that were implemented after the financial crisis a decade ago. Continue Reading...

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