Category: Business and Society

It seems like nowadays everyone has a connection to someone who brews their own beer. Grand Rapids recently was named Beer City because of its lively microbrewery scene so this is especially true here. While this hobby can be very enjoyable and refreshing be aware that taking your hobby to the next step could be more difficult than you would imagine. Recent regulations have made it harder than ever for new craft beers to enter into the consumer market.

Entrepreneurs are the building blocks of all economies. Every company must come from somewhere to create what they are today. This can easily be seen by looking at any company from Apple all the way to Nike. The problem is that many large companies are now being protected from competition from small businesses by unnecessary regulations. (more…)

discrimination.photoWhile in college, did you ever join the Catholic Student Association, Campus Crusade for Christ, or some other student religious organization? If so, you might want to leave that off your resume. A new study in the sociology journal Social Currents found that applicants who expressed a religious identity were 26 percent less likely to receive a response from employers.

For the experiment, the researchers sent out resumes to companies in the South from fictional recent graduates of flagship universities located in the South. They signaled religious affiliation on the resume by listing membership in campus religious organizations such as the “University of Alabama _______ Association,” where the blank is replaced with a religious identity (e.g., atheist, Catholic, evangelical, Muslim). They also sent out resumes with similar information but left off any religious identifiers.
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Blog author: jballor
Tuesday, June 17, 2014
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The much-touted Lego Movie drops on disc today, and before you pick up your copy, I encourage you to remember that “Everything Really Is Awesome.”

the-lego-movie-movie-poster-11Emmet’s words to Lord Business apply to us all:

You don’t have to be the bad guy. You are the most talented, most interesting, and most extraordinary person in the universe. And you are capable of amazing things. Because you are the Special. And so am I. And so is everyone. The prophecy is made up, but it’s also true. It’s about all of us. Right now, it’s about you. And you… still… can change everything.

Everything really is awesome, or in other words, all is gift, so get your hands dirty.

dontstealLast week, Walmart announced that it distributed $3 million last year to charities in New York City. The giving included $1 million to the New York Women’s Foundation, which offers job training, and $30,000 to Bailey House, which distributes groceries to low-income residents.

Naturally, there was one group that was appalled by the charitable giving: local politicians.

More than half the members of the New York City Council sent a letter to Walmart demanding that it stop giving millions in charitable contributions to local groups in the city.

Twenty-six of the 51 members of the Council charged in the letter that the world’s biggest retailer’s support of local causes is a cynical ploy to enter the market here.

“We know how desperate you are to find a foothold in New York City to buy influence and support here,” says the letter, obtained by The Post and addressed to Walmart and the Walton Family Foundation.

“Stop spending your dangerous dollars in our city,” the testy letter demands. “That’s right: this is a cease-and-desist letter.”

For the sake of argument, let’s concede Walmart is trying to “buy influence and support” in New York City. Such activity is called “lobbying.” Are these NYC council members against lobbying? Will they soon be sending a cease-and-desist letter to their political contributors who are trying to “buy influence and support”?

There’s an old bumper sticker that reads, “Don’t Steal! The Government Hates Competition.” Maybe we need a new one that says, “Don’t Give to Charity! The Government Hates Competition.”

(Via: Hot Air)

Blog author: jballor
Monday, June 2, 2014
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Soup-NaziIn an article in the Journal of Markets & Morality, Ryan Langrill and Virgil Henry Storr examine “The Moral Meanings of Markets.” They argue that “traditional defenses of the morality of the market tend to inadequately articulate the moral meanings of markets.” Such defenses tend to argue from practical, even pragmatic or utilitarian, grounds.

But for Langrill and Storr, “markets depend on and promote virtue.” Evidence of this virtue in the marketplace, they argue, is that “consumers are often willing to pay a premium and workers are often willing to work at a discount in order to interact with honest, trustworthy, faithful, and even loving (i.e., charitable) brokers and merchants.”

A recent study seems to contradict this finding, however, noting that at least in some circumstances rude behavior by retail clerks increases sales. Today at Think Christian in “The Paradoxical Appeal of Rude Sales Clerks,” I explore these findings and put them within the broader context of what it might mean to “ration by rudeness.”

Read more: Ryan Langrill and Virgil Henry Storr, “The Moral Meanings of Markets,” Journal of Markets & Morality 15, no. 2 (Fall 2012): 347-362

Blog author: jballor
Thursday, April 24, 2014
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cittfcSpeaking of Thomas Piketty, here’s a very helpful and revealing interview with Matthew Yglesias, “Thomas Piketty doesn’t hate capitalism: He just wants to fix it.” (HT: PEG)

A few highlights with some comment:

On the need for a historical perspective in economics:

Thomas Piketty: … It’s not only economists’ fault. Historians and sociologists are too often are leaving the study of economic issues to economists. Sometimes nobody does it.
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This past Saturday, I attended the Alleviating Poverty Through Entrepreneurship (APTE) 2014 summit. APTE is a student group at OSU in Columbus, OH, and they put together a wonderful cast of ten speakers on the subject of the future of social entrepreneurship. With seven pages of notes (front and back), I unfortunately cannot cover every detail of the conference, but instead I will briefly focus on a theme that recurred throughout the afternoon: private, often for-profit, solutions to public service problems facing the poor.

APTE brought together an impressive lineup of speakers for two rounds of individual presenters, followed by a Twitter Q&A, with a panel discussion on the city of Detroit in between the two groups: (more…)