Economics

January 04, 2019

Alejandro Chafuen in Forbes: The U.S. economy in 2019 – challenges and lower expectations

Where is the economy heading in 2019? Changes in economic growth are much less volatile than the performance of stock markets. In order to forecast what will happen in an economy it is better to focus on the fundamentals, which is to say, examining causes rather than effects. Continue Reading...

December 14, 2018

Saving the entitlement state: Balancing ‘humanitarian policy’ with economic reality

When debating entitlement reform, any critic of the status quo will be quick to remember the infamous 2012 campaign commercial wherein Rep. Paul Ryan pushes his grandmother over a cliff. For some, the ad was typical political-hardball-turned-cultural-meme; for others, it remains a haunting reminder of the vilification one is bound to endure by asking even the tamest questions about frightening math. Continue Reading...

December 05, 2018

The return of ‘Tariff Man’, nemesis of the poor

“I am a tariff man,” said the Republican president. He based his strong support of tariffs on the idea that industries within the U.S. needed “protection” from foreign competition. A vocal opponent of free trade, his view was that America could tax its way to prosperity. Continue Reading...

December 04, 2018

Avoiding ‘beepocalypse’: What beekeeping entrepreneurs teach us about stewardship

Over the past decade, we have received many resounding warnings of an impending “beepocalypse”—and for good reason. Honeybee mortality rates have spiked and scientists are still struggling to pinpoint the cause, posing a range of environmental concerns and putting many important crops at risk. Continue Reading...

November 30, 2018

How the $15 minimum wage is pushing New York’s car washers to the margins

As protests for a $15-per-hour minimum wage continue to rage across the country, cities like Seattle and Minneapolis and states like California and New York have begun to adopt such schemes, leading to a range of unfortunate case studies in economic destruction. Continue Reading...

November 29, 2018

The Trump tariffs hurt the poor, increase unemployment, and will cost you $915 a year

Would you like the federal government to implement a policy that would reduce GDP, increase unemployment, benefit almost every country in the world except for the U.S., and cost you $915 a year? Continue Reading...

November 29, 2018

Christmas consumerism: A symbol of materialism or generosity?

In the days after Black Friday, Cyber Monday, and all the rest, the Christmas shopping season is well underway—and with it, a peculiar blend of hyper-generosity and hyper-consumerism. Surely there is much to celebrate, and not just in the social and spiritual glories of human exchange and gift-giving. Continue Reading...

November 23, 2018

When Black Friday rolls around: A pastor’s perspective

There are several of verses that put me in a critical mood when it comes to Black Friday and, to a lesser extent, Cyber Monday: Exodus 20:17, Luke 12:15, Psalm 37:21, and Proverbs 22:7, to name a few. Continue Reading...

November 21, 2018

Gratitude: The heart of capitalism

As we gather around our Thanksgiving tables with our loved ones, we’re reminded of the imperative of gratitude. Counting our blessings is an integral part of the Christian life and increasingly recognized by science as having physical and psychological benefits. Continue Reading...

November 20, 2018

New Issue of the Journal of Markets & Morality (Vol. 21, No. 2)

The newest issue of the Journal of Markets & Morality has been published online and print copies are forthcoming. This issue features a diverse selection of scholarship on the morality of the marketplace and the nature and history of free societies. Continue Reading...

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