economics

October 19, 2022

The Next American Economy Is Cause for Hope

Let me start with my summary judgement of The Next American Economy: Nation, State, and Markets in an Uncertain World: Samuel Gregg has written an outstanding contribution to the theory and practice of political economy for our times. Continue Reading...

August 26, 2022

Pope Francis wants us to pray for small and medium-sized enterprises

Who would ever have guessed this would happen? Well, it did. And in the quiet month of Rome’s roasting August, when the city experiences a near-total exodus to cooler climes. Very few journalists, in either the religious or secular press, noticed. Continue Reading...

August 23, 2022

Customers put product value ahead of political values

For years American business has allowed itself to be swayed by the push and pull of political culture. Investment decisions, corporate donations, and hiring practices have been made in response to a culture that demands acquiescence or cancellation. Continue Reading...

August 03, 2022

Regulations worsened the baby formula shortage

The world is an economics classroom if we allow ourselves to learn from it. Every day we’re bombarded with puzzles that the economic way of thinking can help solve. One of the more recent examples of this is the infant-formula shortagethat plagued an industry already confounded by pandemic-related supply chain issues. Continue Reading...

August 02, 2022

A Reply to David Brooks: Don’t apologize for capitalism

In recent weeks, the New York Times has been running opinion pieces in which various columnists expound on a topic about which they have changed their views. On July 21 it was David Brooks’ turn to lay out his mea culpa. Continue Reading...

July 19, 2022

Government regulation of the market is more to be feared than Amazon or Google

The popular view of the recent NBA Finals is that the Boston Celtics and Golden State Warriors competed for the title of best team. The nation’s best basketball players traded points, victories, and fouls on the way to the Warriors pulling off the final victory. Continue Reading...

June 28, 2022

John Wesley teaches us the true value of money

John Wesley, the father of Methodism, defended a rigorous and intentional plan for Christlikeness that would touch every aspect of a believer’s life. Caring intensely for the poor, he endeavored to create short, easy-to-read “penny pamphlets” and small booklets that would help anyone to come to a saving knowledge of Jesus Christ and to follow Him in such a way that they would begin to take on his very character. Continue Reading...

June 24, 2022

Income inequality is not a problem for government to fix

Implicit in concerns about rising income inequality is a critique of the underlying system that generated that inequality: a free market regulated by competition. In a free market, people are rewarded with earnings that correspond to the value they create for others. Continue Reading...

June 08, 2022

Boris Johnson: The great survivor?

The vote is in. Boris survived—or did he? The 359 members of the Parliamentary Conservative Party voted by 211 to 148 that they had confidence in Boris Johnson as the leader of the party and prime minister of the United Kingdom. Continue Reading...

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