Religion & Liberty Online Archives

Economics

January 27, 2014

Bolt’s Theology of the Market Beyond Biblicism

“Economics is complicated,” says Derek Rishmawy in his review of John Bolt’s new book, Economic Shalom. “Establishing a Christian approach to economics seems even more daunting a task, especially given the amount of ink that’s been spilled when it comes to a Christian approach to money and wealth.” Continue Reading...
January 23, 2014

Is Econ 101 Conservative Propaganda?

Is the teaching of basic microeconomics — opportunity cost, supply and demand curves, incentives, etc. — a form of conservative propaganda? Most people, including almost all economists whether liberal or conservatives, would obviously say “no.” Continue Reading...
January 17, 2014

How to Prove That Everyone Knows Raising Minimum Wages Increases Unemployment

Yesterday I mentioned that translating economic principles into intuitive concepts is one of the most urgent and necessary tasks to prevent such evils as harm to the poor. Today, William Poole provides an excellent example of what is needed with his “common-sense thought experiment” on minimum wage increases: Suppose Congress were to enact a minimum wage $50 higher than the current one of $7.25 per hour. Continue Reading...
January 17, 2014

Is Income Inequality Really About Marriage?

President Obama has called income inequality the “defining challenge of our time,” but is it strictly about paychecks? Ari Fleischer thinks there is definitely more to it; he believes it’s about the breakdown of the family and American rejection of marriage. Continue Reading...