Articles tagged Economics

The source of future wealth: Babies

June 28, 2013 (Acton Institute) – Would your life be better off if only half as many people had lived before you? That’s the intriguing question Ramez Naam asks in his new book, The Infinite Resource: The Power of Ideas on a Finite Planet. As Ronald Bailey says in a review of the book, In this thought experiment, you don’t get to pick which people are never born. Perhaps there would have been no Newton, Edison, or Pasteur, no Socrates, Shakespeare, or Jefferson. “Each additional idea is a gift to the future,” Naam writes. “Each additional idea producer is a source of wealth for future […]
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Secular economist discovers: Human beings are our greatest natural resource

June 24, 2013 (Acton Institute) – If the PowerBlog has a favorite atheist libertarian economist, it’s probably George Mason professor Don Boudreaux. Although he isn’t a believer, he sometimes stumbles upon what I would consider to be Christian insights. Consider, for instance, his take on the term “natural resources”: In nearly all contexts, words and phrases inevitably convey not only information (such as, as Deirdre would say, “telephone numbers”), but also ideas – notions – interpretations – perspectives – biases – prejudices – spins -approval or disapproval – informal theories – attitudes and judgments – unconscious conclusions. And much of all […]
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