Religion & Liberty Online Archives

Economics

August 30, 2016

Berman on Law and Economics

In his magisterial Law and Revolution, Berman includes these incisive observations in his conclusion: Law is as much a part of the mode of production of a society as farmland or machinery; the farmland or machinery is nothing unless it operates, and law is an integral part of its operation. Continue Reading...
August 29, 2016

What Christians can learn from Adam Smith’s ‘paradox of value’

In a new video from TED Ed, Akshita Agarwal provides a quick lesson on Adam Smith’s “paradox of value” and the differences between “value in use” and “value in exchange.” For Christians, there’s a crucial lesson here about the best way to meet human needs in the economic order, whether through trade policy, reducing price controls, or any number of other areas.  Continue Reading...
August 10, 2016

How flipping hamburgers glorifies God

When we think of the intersection of work and calling, many of us think immediately of our long-term career aspirations. Despite most of us beginning our careers in some sort of menial labor, these are not the types of services or stations our culture deems significant or inspired. Continue Reading...
August 04, 2016

Did Perón inspire Pope Francis on economics?

In a recent article published for The Catholic World Report Samuel Gregg highlights some similarities between Pope Francis and the former president of Argentina, Juan Perón.  Gregg asks: “Does a long-deceased Latin American populist provide us with insight into Pope Francis?” Continue Reading...