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How patents, prizes and subsidies affect idea creation
Note: This is post #85 in a weekly video series on basic economics. The last entry in this series considered how institutions can incentivize the creation of new ideas. Because of this connection, the Founding Fatherswrote a protection mechanism for new ideas into the U.S. Constitution in the form of patents. But arepatents the only (or even best) way to reward good ideas? In this video by Marginal Revolution University,Alex Tabarrok examinestwo more incentive options: prizes, and subsidies. (If you...
Radio Free Acton: Discussing the reconstruction era; Upstream on ‘First Reformed’
On this episode of Radio Free Acton, John Wilsey, affiliate scholar of theology and history at Acton, speaks with Allen Guelzo, professor of the Civil War Era at Gettysburg college, about reconstruction in the South after the Civil War. This discussion is a preview of Professor ing Acton Lecture Series talkthe subject of Abraham Lincoln’s moral constitution on August 9 at Acton Headquarters in Grand Rapids, MI. Then, on the Upstream segment, Acton’s director of publishing, Jordan Ballor, and Robert...
Trouble in Tanzania
President John Magufuli rose to power in Tanzania in 2015 with 58% of the popular vote. A populist and master of publicity, Magufuli gathered support all over the nation and now leads one of Africa’s most populous nations. He ran with the promise of cutting corruption and helping mon Tanzanian, and in the beginning of his presidency, it seemed that he would deliver on the promises he made. President John Magufuli Photo: Wikimedia Commons However, during 2016, he began waging...
Vladimir Putin is winning over (anti-capitalist) Catholics
“Tomorrow I leave this land of hope and return to our Western countries – the countries of despair,” wrote George Bernard Shaw as he prepared to depart Stalin’s Soviet Union in 1931. Many Western intellectuals idolized the USSR as a viable economic alternative to the free market – and a certain variety of Western Catholic now sees Vladimir Putin as the leader of an analogous movement. At the Acton Institute’s Religion & Liberty Transatlantic website, Stefano Magni writes: [I]t is...
The learned Dane and the harmony of natural law
Roman Catholics and Protestants alike have forgotten that Protestants had a natural law theory, says E. J. Hutchinson in this week’s Acton Commentary. To be sure, the work is of historical interest, as a testimony to Melanchthonian and, more broadly, Protestant thinking on natural law in the 16th and 17th centuries. That fact alone is not without significance, given that many people — Roman Catholics and Protestants alike – have forgotten that Protestants had a natural law theory (or, rather...
Tim Keller on the ‘saltiness’ of self-denial in the modern age
What does it look like for Christians to be “salt and light” in the modern age? In the recent keynote address at the National Parliamentary Prayer Breakfast, Tim Keller spoke to Prime Minister Theresa May and over 140 MPs about the cultural influence of Christianity, past and future. “What can Christianity offer our society in the 21st century?” asks Keller, who will be the guest speaker at the Acton Institute’s 28th Annual Dinnerthis October. “And I’d like to answer that...
5 facts about Russian President Vladimir Putin
President Donald Trump met today with Vladimir Putin for a summit in Helsinki, Finland. Here are five facts you should know aboutthe powerful and controversialRussian president. 1.Vladimir Vladimirovich Putin was born in Cold War era Russia in 1952. His mother worked in a factory during World War II, and his father was drafted into the army,where he served on a submarine fleet. During his younger years, Putinwas an atheist. He says he turned to the church after two major accidents...
The Trump-Putin summit: A view from Eastern Europe
mentary on Trump’s meeting with Vladimir Putin ranges from “a great idea and a good idea” to “treasonous.” But outside the traditional U.S. talking points, an Eastern European leader says the summit was “a missed opportunity” to promote faith and liberty. Mihail Neamtu, Ph.D., a public intellectual in Romania, analyzes the NATO summit and Trump’s meeting with Vladimir Putin in anew essayfor Acton’sReligion & Liberty Transatlantic website. Neamtu writes that Trump did not point out the source of Russia’s ings:...
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