Acton Institute Powerblog Archives

Post Tagged 'incentives'

The facts on Amy Coney Barrett and banning contraception

Members of the Senate Judiciary Committee spent days prodding Supreme Court nominee Amy Coney Barrett over the hypothetical possibility that the government may one day outlaw birth control. One exchange in particular encapsulated politicians’ inability to grasp the proper role of government, the law, and economic incentives. Continue Reading...

An economist’s Christmas: Is gift-giving wasteful?

During a season such as Christmas, where hyper-consumerism and hyper-generosity converge in strange and mysterious ways, it’s a question worth asking: How much of our gift-giving is inefficient and wasteful? For some, it’s a buzz-kill question worthy of Ebenezer Scrooge. Continue Reading...

Humans are not Economic Automata

Courtesy Evangelical Outpost and the always-interesting 33 Things, here’s a video on the strangeness of the economics of incentives and punishments: The lesson here is that people in real life, body and soul, are not simple rational economic actors who respond only to material realities. Continue Reading...
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