economics

February 21, 2014

How to Think About Economics Like a Conservative Evangelical

We read the same Bible and follow the same Jesus. We go to the same churches and even agree on the same social issues. So why then do liberal and conservative evangelicals tend to disagree so often about economic issues? Continue Reading...

February 20, 2014

Samuel Gregg: ‘Our Minimum-Wage Circus’

Acton’s Director of Research, Samuel Gregg, recently wrote about the effects of raising the minimum wage at the National Review Online. The latest CBO report estimates that increasing the minimum wage to over $10/hour in 2016 will not greatly affect the poorest in society; it is estimated that this increase will only help 2% of those living in poverty. Continue Reading...

February 14, 2014

New Issue of the Journal of Markets & Morality (16.2)

The most recent issue of the Journal of Markets & Morality, vol. 16, no. 2, has been published online at our website (here). This issue’s articles explore a range of subjects from biblical understandings of poverty, Islamic scripture, John Locke, the ills of apathy, an Eastern Orthodox view of the family and social justice, and much more. Continue Reading...

February 14, 2014

Audio: Kishore Jayabalan On BBC – The Pope, Poverty And Economics

Kishore Jayabalan, Director of Istituto Acton in Rome, recently interviewed with the BBC to discuss Pope Francis’ views on poverty and economics as the pope enters the second year of his papacy. Continue Reading...

February 13, 2014

Liberating Our Labor

At Slate Miya Tokumitsu writes that the motto “Do What You Love” really functions as a kind of capitalism-supporting opiate: “In masking the very exploitative mechanisms of labor that it fuels, DWYL is, in fact, the most perfect ideological tool of capitalism.” Continue Reading...

February 13, 2014

Rev. Sirico In California: Is The People’s Pope An Anti-Capitalist?

Catholics@Work in Danville, Calif. is pleased to present Fr. Robert Sirico, the President of the Acton Institute, as their guest speaker at the March 11, 2014 breakfast forum. Rev. Sirico will be speaking about Pope Francis and his recent apostolic letter, Evangelii Gaudium, and the issue of poverty. Continue Reading...

February 07, 2014

The CBO Report on the ACA: Between Right and Left

A recent report from the CBO contains an appendix detailing updated estimates of the labor market effects of the Affordable Care Act (ACA). Pundits for and against the ACA have wasted no time in putting their own particular spin on the projections. Continue Reading...

February 07, 2014

Explainer: What You Should Know About the Jobs Report

This morning the federal government released the latest jobs report. You may have noticed confusing headlines and reporting about the data, such as this story from NPR, “Job Growth Less Than Expected, But Unemployment Hits 5-Year Low.” Continue Reading...

February 05, 2014

What Liberal Evangelicals Should Know About the Economic Views of Conservative Evangelicals (Part 2)

Why do liberal and conservative evangelicals tend to disagree so often about economic issues? This is the second in a series of posts that addresses that question by examining 12 principles that generally drive the thinking of conservative evangelicals when it comes to economics. Continue Reading...

February 05, 2014

Raise Your Own Minimum Wage

Over the past few months I’ve become obsessed with the idea that economic principles and arguments need to be explained more intuitively. I’ve assumed that the best way to approach that task would be to create robust metaphors that can be intuitively grasped. Continue Reading...

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