Economics and Social Problems

March 19, 2018

How managers can help save the world

Why are some countries rich while other countries are poor? A primary reason, as economists have been pointing out for hundreds of years, is productivity—the efficient use of such resources as labor and capital. Continue Reading...

March 12, 2018

Is Elizabeth Bruenig even a socialist?

Elizabeth Bruenig, columnist for the Washington Post, yesterday published an opinion piece entitled, ‘Let’s have a good-faith argument about socialism’ responding to some critics of her earlier piece, ‘It’s time to give socialism a try’. Continue Reading...

March 07, 2018

Give socialism a try? Let’s not.

Elizabeth Bruenig, columnist for the Washington Post, yesterday published an opinion piece entitled, ‘It’s time to give socialism a try’. The title is a bit misleading as the piece makes no positive case for socialism but rather chronicles her own and several others convictions that something in our society has gone terribly wrong. Continue Reading...

March 05, 2018

How the Reformation led to a reallocation of religious resources

Soon after Martin Luther nailed his ninety-five theses to the church door at Wittenberg (if he even did), Protestants began to be blamed for unleashing many of the destructive influences of Western Civilization. Continue Reading...

February 14, 2018

Herman Bavinck on love, economics, and the reformation of society

When we think about markets, we often think only in terms of mathematics or money. But at a deeper level, markets are simply networks of human relationships. When we participate in economic activity, we aren’t just creating wealth; we are forming communities, cultures, and civilization, partnering with God and neighbor in a divine exchange of gifts, blessings, and love. Continue Reading...

February 13, 2018

Fact check on China as ‘best’ model of Catholic Social Teaching

Dominating the Vatican news cycle over the past week was a controversial statement made by the Chancellor of the Vatican’s Academies of Sciences and Social Sciences. In a Spanish interview, it was the Argentine Bishop Marcelo Sánchez Sorondo who said upon returning to Rome from Beijing: “Right now, those who are the best at implementing the [Catholic] Church’s social doctrine are the Chinese.” Continue Reading...

January 22, 2018

What you should know about Jubilee Years

Many politically progressive Christians have latched on to the concept of a “Jubilee year” as a biblically endorsed excuse for debt cancellations and as a way to “dismantle economic inequality.” But as a new study by Charles A Goodhart and Michael Hudson explains, Jubilee Years didn’t originate in ancient Israel, they weren’t really about egalitarianism, and they can’t readily be applied outside of agrarian based economies. Continue Reading...

January 18, 2018

Economic problems are not driving opioid overdose deaths

The opioid epidemic has become one of the deadliest drug crises in American history. In 2015, more people died from drug overdoses than in any year on record, and the majority of drug overdose deaths—more than six out of ten—involved an opioid. Continue Reading...

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