How Growth Rates Lead to Flourishing

Why do some countries grow richer faster than others? How can we explain wealth disparities between countries? The answer: Growth rates. Economist Alex Tabarrok explains how even small changes to growth rates can have a big effect on the economy of a country—and on the flourishing of its citizens. Continue Reading...

When Generosity Transforms a Community

Bishop Hannington longed to see an awakening to generosity in his town of Bundibugyo, Uganda, where many viewed giving more as a matter of duty than heartfelt joy. Yet what at first seemed like a significant challenge soon grew even steeper. Continue Reading...

New Issue of the Journal of Markets & Morality (18.2)

Our most recent issue of the Journal of Markets & Morality, vol. 18, no. 2, has now been published online and print issues are in the mail. In addition to our regular slate of articles examining the intersections between faith, freedom, markets, and morality, this issue contains the text of the Theology of Work Consultation symposium at the 2014 conference of the Evangelical Theological Society. Continue Reading...

Why Minimum Wages Increases Don’t Target Poverty

If you ask most people why they support raising the minimum wage they’ll says it’s because it helps the poor. But as David Neumark, a scholar at the Federal Reserve Bank of San Francisco notes, numerous studies have shown that there is no statistically significant relationship between raising the minimum wage and reducing poverty. Continue Reading...

Why Does the New York Times Want to Hurt the Poor?

While it may be difficult to imagine, there was once an era when the New York Times was concerned about the poor. Consider, for example, a 1987 editorial they ran with the headline, “The Right Minimum Wage: $0.00.” As the editors noted at the time, [Raising the minimum wage] would increase unemployment: Raise the legal minimum price of labor above the productivity of the least skilled workers and fewer will be hired. Continue Reading...