Acton Institute Powerblog Archives

Post Tagged 'economics'

December 07, 2016

Financial endeavors can serve the common good

“Gregg lays out a careful and detailed argument for the proposition that, done well, financial endeavors can serve the common good,” says Adam J. MacLeod in a review of Acton Research Director Samuel Gregg’s most recent book For God and Profit: How Banking and Finance Can Serve the Common Good. Continue Reading...
December 06, 2016

Understanding tax revenue and deadweight loss

Note: This is post #12 in a weekly video series on basic microeconomics. Why do taxes exist? What are their effects? In this video by Marginal Revolution University, economist Alex Tabarrok explains how taxes affect consumer surplus and producer surplus. Continue Reading...
December 01, 2016

Kings without a king: Kuyper on the illusion of independence

“A human kingship imperceptibly came to power, leaving no place for the kingship of Christ.” –Abraham Kuyper The West prides itself on valuing freedom – political, economic, religious, and otherwise. For some, this leads to the promotion of a certain brand of libertinism: the freedom to do what we want. 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...