Latest Posts

The moral hazard of fuzzy contracts

“You may already be aware that many state and local public pensions are in trouble,” says Victor V. Claar in this week’s Acton Commentary. “By one estimate, the nation’s state, county, and municipal governments face a combined funding shortfall of about $5 trillion. Continue Reading...

PowerLinks 08.02.17

Senate Agriculture Appropriations Bill Would Expand Crony Handouts for Cotton Industry Daren Bakst, The Daily Signal What are Senate appropriators doing to address two new farm programs whose costs are spiraling out of control? Continue Reading...
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Maximizing profit and the average cost curve

Note: This is post #43 in a weekly video series on basic microeconomics. For companies, being able to predict expected profits—or expected losses—is a very useful tool. In this video by Marginal Revolution University, Alex Tabarrok introduces the third concept you need to maximize profit — average cost. Continue Reading...

PowerLinks 08.01.17

‘A Humane Economy’ – Book Interview with Jordan Ballor Ilse Oosterlaken, Moral Markets “Wilhelm Röpke (1899 –1966) was not just interested in theology, but also in history and in many other things that economists in the dominant neo-classical economic tradition normally never think about. Continue Reading...
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Free trade is good stewardship of creation

Christians seeking to be good stewards of God’s creation sometimes find themselves torn. The environmentalist movement tells them that the most destructive force ever unleashed upon Mother Nature is rapacious “neoliberal” capitalism, which they also know has has been the greatest producer of wealth in history. Continue Reading...

PowerLinks 07.31.17

5 faith facts about Sam Brownback: Political champion of religious freedom Adelle M. Banks, Religion News Service Donald Trump has nominated Sam Brownback, the current governor of Kansas, to be the new ambassador for the Commission for International Religious Freedom. Continue Reading...
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