Religion & Liberty Online Archives

Acton Occasional Series

January 05, 2017

5 Facts about Jean-Baptiste Say

Today is the 250th anniversary of Jean-Baptiste Say, one of the most important economic thinkers of the nineteenth century. Here are five facts you should know about this French economist: 1. Continue Reading...
January 03, 2017

A price is a signal wrapped up in an incentive

Note: This is post #15 in a weekly video series on basic microeconomics. The price system allows for people with dispersed knowledge and information to coordinate global economic activity. The global production of roses, for example, reveals how the price system is emergent, and not the product of human design. Continue Reading...
December 27, 2016

6 Quotes: Sowell on economics and ideas

Over the past few decades, economist Thomas Sowell, age 86, has been one of the most effective, yet under-appreciated, proponents of conservative and libertarian economic thought. He is also one of our most powerful critics of the often destructive and harmful effects of liberal economic policies. Continue Reading...
December 23, 2016

5 Facts about Christmas

Christmas is the most widely observed cultural holiday in the world. Here are five facts you should know about the annual commemoration of the birth of Jesus: 1. No one knows what day or month Jesus was born (though some scholars speculate that it was in September). Continue Reading...
December 19, 2016

Explainer: Christmas 2016 by the Numbers

As the most widely observed cultural holiday in the world, Christmas produces many things—joy, happiness, gratitude, reverence. And numbers. Lots of peculiar, often large, numbers. Here are a few to contemplate this season: $50.82 – Average amount U.S. Continue Reading...
December 15, 2016

5 Facts about the Bill of Rights

Today is Bill of Rights Day, a commemoration first established by President Franklin D. Roosevelt to cherish the ‘immeasurable privileges which the charter guaranteed’ and to rededicate its principles and practice.” Continue Reading...
December 13, 2016

A ‘Pinocchio’ Rating for Pope Francis

Sandro Magister, Vatican correspondent for L’Espresso, notes in his Italian blog a recent TV program that “fact checks” the pope’s economics. Here’s a translation of the blog post: In his speeches Pope Francis often puts forth original theories of dubious foundations but that, for him, are of unshakable certainty and explain everything. Continue Reading...
December 13, 2016

What you should know about subsidies

Note: This is post #13 in a weekly video series on basic microeconomics. What is a subsidy? A subsidy is really just a negative or reverse tax, explains Alex Tabarrok. Instead of collecting money in the form of a tax, the government gives money to consumer or producers. Continue Reading...