Economics

June 21, 2018

How market liberals saved Germany from economic catastrophe

Seventy years ago this month, a small group of economists and legal scholars helped bring about what’s now widely known as the “German economic miracle,” writes Acton research director Samuel Gregg. Continue Reading...

June 19, 2018

Is the gig economy really reshaping our work?

We continue to hear doomsday prophecies about the future of work, with much of the fear focused on the recent growth of the so-called “gig economy”—a swirling sphere of temporary, flexible, and increasingly independent work. Continue Reading...

June 19, 2018

Video: Rev. Ben Johnson on First Things blaming democracy and capitalism for abortion

Rev. Ben Johnson, editor of the Acton Institute Religion & Liberty Transatlantic project, appears on the Stephen Herreid Show on YouTube to talk about his critique of First Things editor Matt Schmitz’s essay which blamed democracy and capitalism for Ireland’s repeal by referendum of its 8th Amendment, which “recognizes the equal right to life of the pregnant woman and the unborn.” Continue Reading...

June 14, 2018

If work is our ‘modern religion,’ leisure is not the cure

Americans are known for working longer hours and taking less vacation time than their counterparts in the industrialized world. In response, many are quick to decry this fact as evidence of age-old desperation and newfound decadence. Continue Reading...

June 13, 2018

Venezuela: Latin America’s socialist nightmare

Last year, four out of 10 Venezuelans had property or money stolen. Hardly surprising since Venezuela was the least secure out of 144 nations, according to the most recent Gallup Law and Order Index. Continue Reading...

June 08, 2018

The world is getting better, but the Enlightenment (alone) won’t save us

Global poverty is on the decline. Innovation and exploration continue to accelerate. Freedom and opportunity are expanding across the world. Meanwhile, political pundits and chin-stroking “experts” continue to preach of our impending doom. Continue Reading...

June 06, 2018

Bad economic news hits people harder than good news

From the perspective of well-being, is it better to win $100 or to not lose $100? If you assume that winning is obviously better, you’ve probably never been in a casino. Continue Reading...

June 05, 2018

How eschatology transforms our economic action

As the church continues to navigate the challenges of the modern economy, we’ve seen a renewed recognition of the “earthiness” of our God-given callings—embracing the mundane and material aspects of our daily work and rejecting the “sacred-secular divide.” Continue Reading...

May 31, 2018

Why tariffs and protectionism makes Americans poorer

Earlier today President Trump imposed tariffs on imported steel (25 percent) and aluminum (10 percent) from the European Union, Canada and Mexico. Not surprisingly, the tariffs triggered immediate retaliation from U.S. Continue Reading...

May 24, 2018

The planner’s delusion: The backward logic of Seattle’s ‘Amazon tax’

As Americans continue to flock to large cities in search of opportunity and connection, many of those same cities are suffering from expensive housing costs, arbitrary price controls, onerous regulations, and cronyist governance—the sum of which is serving to diminish access to the pond and stunt opportunity among the disconnected. Continue Reading...

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