Religion & Liberty Online Archives

Acton Occasional Series

November 03, 2016

College Cramming: A refresher course on the Electoral College

Whether the Republicans cry “rigged” or the Democrats scream “disenfranchised” we can be certain of one thing: the President won’t be elected next Tuesday. Even if there are no hanging chads or last minute court appeals, the election of the President won’t officially be decided until January 6, 2017. Continue Reading...
November 01, 2016

Understanding elasticity of Demand

Note: This is the eighth post in a weekly video series on basic microeconomics. Prices can have an effect on the demand of goods and services. But how much does quantity demanded change when prices changes? Continue Reading...
October 25, 2016

Does the equilibrium model work in the real world?

Note: This is the seventh post in a weekly video series on basic microeconomics. In previous videos in this series from Marginal Revolution University we learned how prices reach equilibrium and how the market works like an invisible hand coordinating economic activity. Continue Reading...
October 18, 2016

How to read a supply curve

Note: This is the sixth post in a weekly video series on basic microeconomics. Last week we took a deeper look into the demand curve, examining how to read the demand curve, how demand curves shift, and consumer surplus. Continue Reading...
October 17, 2016

7 Figures: How young Americans view socialism, communism, and capitalism

The Victims of Communism Memorial Foundation recently released its annual report on U.S. attitudes towards socialism. Here are seven figures you should know from the survey: 1. The percentage of millenials who are unfamiliar with: Mao Zedong (42 percent), Che Guevara (40 percent), Vladimir Lenin (33 percent), Karl Marx (32 percent), Vladimir Putin (18 percent), Joseph Stalin (18 percent). Continue Reading...
October 11, 2016

How to read a demand curve

Note: This is the fifth post in a weekly video series on basic microeconomics. In a previous post we looked at how to understand the demand curve. In this video, we take a closer look by examining how to read the demand curve, how demand curves shift, and consumer surplus. Continue Reading...