Economics

September 26, 2019

Creativity vs. innovation for the Christian entrepreneur (and beyond)

As human persons made in the image of a creative God, we are uniquely fashioned to produce and create, contribute and collaborate, give and receive, trade and exchange. Such a reality has a wide range of implications for our economic activity and institutions, whether in our daily work and mundane interactions or the pioneering of new products, services, and enterprises. Continue Reading...

September 25, 2019

Adam Smith wasn’t laissez-faire: Samuel Gregg responds to Adrian Vermeule

To Adrian Vermeule, the theory at the core of liberalism is Adam Smith’s “invisible hand,” the name Smith gave to the process through which participants in the market indirectly benefit from the collective actions of self-interested individuals. Continue Reading...

September 18, 2019

Fact check: Did the wealth tax increase the number of millionaires?

“If you want less of something, tax it,” the old adage goes. If that is the case, why is a prominent European newspaper reporting that the number of millionaires increased after one nation introduced a wealth tax? Continue Reading...

September 16, 2019

Every politician is Andrew Yang

Richard Nixon supposedly once said, “We’re all Keynesians now,” referring to the new accepted regime of monetary policy. Today, we have far bigger problems than our Keynesian Federal Reserve. Any present-day politician could just as well say, “We’re all Andrew Yang now.” Continue Reading...

September 16, 2019

The cosmic battle for economics: Toppling ideological idols with Christian wisdom

When I began my freshman year of college, I didn’t care much about economics. Having been raised in a conservative Christian home, I had adopted a generically pro-capitalism shtick, but it wasn’t much to stand on. Continue Reading...

September 05, 2019

Competition at the big screen: A case study in capitalism

When I moved to Jackson, Tenn, in 2010, I found that I had come to the worst movie theater town I’d ever lived in. We had a 16-screen theater that was dirty and run down with uncomfortable seating. Continue Reading...

September 05, 2019

The most important economic chart in Western civilization

James Pethokoukis of AEI says this is the most important economic chart in Western civilization. I completely agree. The concept is so important that no student should receive a passing grade in any economics class—whether in high school or college—unless they can explain why economic growth matters (ideally, every educated Christian would be able to do so too since it has theological implications). Continue Reading...

August 30, 2019

Finding our economic voice: How markets are like language

“In the field of social phenomena, only economics and linguistics seem to have succeeded in building up a coherent body of theory.” –Friedrich Hayek In 1887, L. L. Zamenhof proposed a universal language as a means for ushering in a new era of international peace and prosperity. Continue Reading...

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