Differing views on economic growth

Economic Growth in the U.S. has slowed down compared to historical averages according to recent reports from the Bureau of Economic Analysis.  Some are claiming that this is okay and that it is “normal” while there are others who disagree and understand that economic growth is essential to a prospering society.  Continue Reading...

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...

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...

The danger of looking past economics and raising the minimum wage

This past week, one of the rising political figures in the Democratic Party, Mayor Peter Buttigieg of South Bend, Indiana penned an op-ed for the South Bend Tribune arguing that raising the minimum wage is “the right thing to do.” Mayor Buttigieg, cites three reasons why he believes raising the minimum-wage is the right thing to do: It’s good for business, good for the economy, and good for family.  Continue Reading...

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...

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?” Juan Perón served as the president of Argentina from 1946-1955, while Pope Francis was just a teenager, and again from 1973-1974.  Continue Reading...