Economics

June 05, 2013

The 30-Hours-Per-Week Job Hurdle

One of the most basic concepts in economics and business is marginal or incremental cost, the additional cost needed to produce or purchase one more unit of a good or service. Continue Reading...

June 04, 2013

How Did the Global Poverty Rate Halve in 20 Years?

From 1990 to 2010, the global poverty rate dipped from 43% to 21%. The Economist explains why the rate halved in twenty years: How did this happen? Presidents and prime ministers in the West have made grandiloquent speeches about making poverty history for fifty years. Continue Reading...

June 04, 2013

Dirt and Development

“We poverty junkies spend a lot of time examining the fruits and the roots,” says Mark Weber at PovertyCure, “But what of the soil?” Tyler Cowen also recently noted that economists don’t talk nearly enough about soil, despite their contributing to some of the biggest problems in the entire world. Continue Reading...

June 04, 2013

G8 Summit Protests Sponsored by Capitalism

Leaders from Canada, France, Germany, Italy, Japan, Russia, the U.S., and UK will meet at Lough Erne in Northern Ireland for the G8 Summit June 17-18, 2013. These international negotiations among the world’s largest economies provide opportunities to discuss the fluidity of trade between nations but also provokes public protest. Continue Reading...

June 03, 2013

You Say You Want A Revolution? Count The EU Out

German Finance Minister Wolfgang Schaeuble is a frustrated man. With unemployment rates in Germany hovering at around 8 percent, and Greece and Spain at almost 60 percent, he believes the EU is on the brink of “revolution.” Continue Reading...

May 31, 2013

A Lesson in Economic Policy from Mother Teresa

Forbes‘ Ralph Benko explains what a chance encounter with Mother Teresa taught him about good economic policy: I had walked by a homeless man (or, as then was called, bum) sleeping on the 41st Street sidewalk. Continue Reading...

May 30, 2013

Catholic University’s Virtues-Based Business School: An Interview with Andrew Abela

Earlier this year, the Catholic University of America announced the creation of a School of Business and Economics that will be “distinctively Catholic.” The new school offers a model based on Catholic social doctrine and the natural law that is unlike theories prevalent at most leading business schools. Continue Reading...

May 24, 2013

Nostalgia for Mid-Twentieth Century Middle Class Isn’t All It’s Cracked Up To Be

Don Boudreaux and Mark J. Perry at Cafe Hayek are here to tell you: life in the 1950s for America’s middle class is not the wonderland we might like to think. Continue Reading...

May 23, 2013

The Failing Success of Population Control in the Developing World

AllAfrica.com published a press release from the Guttmacher Institute, the research division of Planned Parenthood, summarizing a new study that “the poorest countries are lagging far behind higher-income developing countries in meeting the demand for modern contraception. Continue Reading...

May 15, 2013

‘Economic Growth: Unleashing the Potential of Human Flourishing’: Values & Capitalism Publication

Values & Capitalism, a project of the American Enterprise Institute, has published a primer of sorts entitled, Economic Growth: Unleashing the Potential of Human Flourishing. The text is just over 100 pages, and gives the reader a thoughtful, concise and essential source on free market economics and its correlation to human flourishing and economic growth. Continue Reading...

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