Economic Lessons in Your Morning Mug

A NYT editorial informs us today that retail prices for coffee products are rising (HT: Icarus Fallen). We are assured, however, that the price rise has been “relatively modest” and that an important factor is “changes in supply and demand in a global economy.” No kidding. Continue Reading...

Mouw’s Musings

Richard J. Mouw, president of Fuller Theological Seminary in California, has a new blog, Mouw’s Musings, and has taken notice of Sam Gregg’s recent Acton Commentary, “Self Interest, Rightly Understood.” Giving Gregg credit for making “an important point” with which he largely agrees, Mouw goes on to say: “At the same time this also seems to me to be true. Continue Reading...

Self Interest, Rightly Understood

Order Dr. Gregg’s new book today! With the publication this month of The Commercial Society – Foundations and Challenges in a Global Age, Samuel Gregg embarks on an exploration of the key foundational elements that must exist within a society for commercial order to take root and flourish. Continue Reading...

Immigration and Innovation

From today’s WaPo: About 25 percent of the technology and engineering companies launched in the past decade had at least one foreign-born founder, according to a study released yesterday that throws new information into the debate over foreign workers who arrive in the United States on specialty visas. Continue Reading...

Stem Cell Tenure Battle

A professor at MIT has been denied tenure and he claims that the reason is his opposition to embyonic stem cell research (his specialty is adult stem cell research). It is always impossible to know exactly what the motives are in these tenure battles unless one is personally involved, but it would not be surprising if his claim were accurate, given the high stakes (e.g., funding) inherent in this field. Continue Reading...

Wal-Mart Environmentalism

“The environment is begging for the Wal-Mart business model,” says H. Lee Scott Jr., CEO of Wal-Mart Stores in a NYT article, “Power-Sipping Bulbs Get Backing From Wal-Mart.” The piece discusses Wal-Mart’s campaign to increase the sales of compact fluorescent bulbs, as compared to traditional incandescent bulbs. Continue Reading...

The Outsourced Knight

James Dyson, inventor of the world’s most exciting bagless vacuum cleaner, will receive a knighthood. Speaking of his company, the BBC reports: Today, the company has about 1,400 staff in the UK, with about 4,000 others working in production plants in Malaysia and China. Continue Reading...

Images of Plenty and Want

The conflicting images I spoke about last week, the obesity of poor children in America, are the subject of a weekend piece in the NYT, “India Prosperity Creates Paradox; Many Children Are Fat, Even More Are Famished.” Of course, in India these aren’t the same kids: by and large the poor ones aren’t the fat ones. Continue Reading...