Acton Institute Powerblog Archives

Post Tagged 'marginal revolution'

April 23, 2024

Brady, Jordan, or Hayek: Who’s the Real GOAT?

Trendy title aside, Tyler Cowen’s new book, GOAT: Who Is the Greatest Economist of All Time and Why Does It Matter?,is a mini masterpiece. Cowen takes the reader on a whirlwind tour of the life and works of the greatest economists of all time (Milton Friedman, John Maynard Keynes, Hayek, J.S. Continue Reading...
January 10, 2017

How markets link the world

Note: This is post #16 in a weekly video series on basic microeconomics. Ten years ago this week, Apple unveiled the iPhone. It’s a product that was designed in California and produced by thousands of people all over the world. Continue Reading...
December 06, 2016

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...
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...
January 22, 2010

Psychologists confirm: Power corrupts

The Economist reports on a new study by psychologists that looks into the problem of abuse of power. The researchers attempt to “answer the question of whether power tends to corrupt, as Lord Acton’s dictum has it, or whether it merely attracts the corruptible.” Continue Reading...