Re: Broken Windows – University Funding Edition

As Kishore Jayabalan noted yesterday, the fallacy of “broken windows” is, unfortunately, ubiquitous in discussions of public finance and macroeconomics. Though we are told that government spending and public works have a stimulating effect on economic activity, rarely are the costs of such projects discussed. Continue Reading...

Rome’s Graffiti and Bastiat’s Broken Windows

Today’s Wall Street Journal has a nice piece about the problem of graffiti in Rome and the obstacles to cleaning it all up. While the graffiti are certainly an eyesore in an otherwise beautiful city, there is also great economic damage done, which leads to impoverished understandings of private property and general urban decay. Continue Reading...

Italy, competition and the problem of guilds

Last Saturday’s New York Times contains an entertaining, edifying but ultimately sad tale on what ails the Italian economy. Entitled “Is Italy Too Italian?“, the Global Business article seeks to explain why Italy often tops “the informal list of Nations That Worry Europe” economically. Continue Reading...

Krista Tippett: Effective Compassion through Faith

Krista TippettKrista Tippett is the host of the radio program Speaking of Faith, broadcast weekly on NPR since 2003. In her conversations with people of all faiths and occupations, Christian and Hindu, novelist and physicist, Tippett aims to better understand the way that belief and spirituality affect our society, worldview, and personal well-being. Continue Reading...

DeKoster on Work and Food

I mentioned Lester DeKoster’s little classic, Work: The Meaning of Your Life—A Christian Perspective, in the context of the Lutheran World Federation’s General Assembly and the theme, “Give us today our daily bread.” In this book, DeKoster makes a pointed connection between work and food: “I was hungry and you gave me something to eat.” The Lord is saying that where humans are hungry, there he too chooses to hunger. Continue Reading...