Religion & Liberty Online Archives

Acton Occasional Series

October 24, 2017

The marginal product of labor

Note: This is post #54 in a weekly video series on basic microeconomics. How are wages determined? Why do most Americans earn so much by global standards? What exactly is meant by ‘human capital’? Continue Reading...
October 10, 2017

Does tying benefit social welfare?

Note: This is post #52 in a weekly video series on basic microeconomics. What is tying and how is this a form of price discrimination? An example of a tied good is an HP printer and the HP ink you need for that printer. Continue Reading...
October 02, 2017

5 Facts about federal regulations

Vice President Pence will be giving a speech today emphasizing the importance the Trump administration places on reviewing regulatory policy. Today’s date of October 2 was selected to mark the start of the next fiscal year, when federal agencies will be expected to generate below zero dollars in net new regulatory costs. Continue Reading...
September 26, 2017

Introduction to price discrimination

Note: This is post #50 in a weekly video series on basic microeconomics. Price discrimination is common, says economist Tyler Cowen. Movie theaters charge seniors less money than they charge young adults and computer software companies sell to businesses and students at different rates, often offering discounts to students. Continue Reading...