Economics

February 20, 2018

How entrepreneurship transforms a village

As we were walking down the street of a small village within Barahona in the Dominican Republic, we met a woman living in a humble home with her family. She had constructed a metal box out of scraps found discarded near her village, Algodon. Continue Reading...

February 13, 2018

The future of work: How a ‘design narrative’ changes our perspective

Given the breakneck pace of improvements in automation and artificial intelligence, fears about job loss and human obsolescence are taking increasing space in the cultural imagination. The question looms: What is the future of human work in a technological age? Continue Reading...

February 08, 2018

Beyond mere affluence: Embracing Isaiah’s posterity gospel

“This is where the church needs to be: going to every part of the world of mere affluence and turning it into a vineyard.” –Andy Crouch In a recent essay in The Atlantic, William Deresiewicz expressed concern that the rise of “creative entrepreneurship” would mean “the end of art as we know it,” fearing that capitalism’s expansion of creative empowerment would mean “the removal of the last vestiges of protection and mediation” for higher ideals of beauty and truth. Continue Reading...

February 07, 2018

Report: Economic freedom contributes to social progress

In today’s complex global economy, it can be hard to get a sense of where we’re heading and how far we’ve actually come. While some boast of unprecedented economic prosperity and opportunity, others see social disruption or fear economic collapse. Continue Reading...

January 29, 2018

A real ‘fair trade’ solution: Fix U.S. agricultural policy

In our attempts to support struggling farmers across the developing world, Westerners have tended toward supporting a particular set of preferred “solutions,” whether purchasing “fair trade” products or donating funds to specific causes. Continue Reading...

January 25, 2018

Is the rise of ‘creative entrepreneurship’ killing the arts?

Capitalism is routinely ridiculed as an enemy of the “true artist,” with much of the finger-pointing bent toward profit and efficiency. Such forces, we are told, inevitably cause creators to drool only for money, care nothing for beauty, and cater exclusively to common consumer tastes. Continue Reading...

January 24, 2018

Washington, DC has more economists than clergy

Do you ever stumble upon a fact that seems like it must have some significance but you just can’t figure out what it might mean? That’s how I feel seeing the ratio of economists to clergy in major metro areas. Continue Reading...

January 24, 2018

Study: How minimum wage increases hurt consumers and the poor

In surveying the damage caused by arbitrary increases to the minimum wage, our attention is typically drawn to stunted job growth among low-skilled workers or tragic tales of shuttered businesses. But are there other deleterious effects beyond those felt in business and the labor market? Continue Reading...

January 23, 2018

How a universal income could discourage meaningful work

In his popular book, Coming Apart, Charles Murray examined the key drivers of America’s growing cultural divide, concluding that America is experiencing an “inequality of human dignity.” Such a divide, Murray argues, is due to a gradual cultural drift from our nation’s “founding virtues,” one of which is “industriousness.” Continue Reading...

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