Every Market Form in a Single Chart

Reading through the German economist Walter Eucken’s work The Foundation of Economics (1951), I came across one of the most helpful charts for economic analysis I have yet to find. In it, Eucken gives every possible form of market in a single table: Eucken adds four qualifications that are important to keep in mind: “These forms of market are actual forms which have been or are to be found in actual economic life (often blended with one another, and existing alongside the forms of a centrally directed economy). Continue Reading...

O Tannenbaum and Fair Trade

A couple of further points in reply to Micah Mattix’s response on buying Christmas trees, based on his original post here. 1) I think Mattix’s characterization of the buyer as “selfish” goes a bit too far, and is not an accurate characterization of a good deal of market activity. Continue Reading...

Mandela’s Vision for Ecumenical Economic Engagement

Here’s a key section from a speech given by Nelson Mandela in 1998 at the World Council of Churches: At the end of a century that has taught that peace is the greatest weapon in development, we cannot afford to spare any effort to bring about a peaceful resolution of such conflicts. Continue Reading...

Get Your Hands Dirty: ‘Engaging Heavy Reading’

Today at Ethika Politika, John Medendorp, former editor of Calvin Seminary’s Stromata, reviews Jordan Ballor’s Get Your Hands Dirty for my channel Via Vitae. He writes, Although Ballor’s book is very accessible, the reading is by no means “light.” I would call it “engaging heavy reading.” While the concepts are clear and the analogies riveting, Ballor has a way of putting so much into a sentence that it can take some time to work through his ideas. Continue Reading...

Protectionism: The Worst Thing for The World

UPS CEO D. Scott Davis was asked in a recent BusinessWeek interview, “You talk a lot about trade, global trade. What is your company’s role?” Here’s what Davis said (emphasis added): We always consider ourselves an enabler of global commerce. Continue Reading...

Sobornost and Subsidiarity in Orthodox Christian Social Thought

Today at Ethika Politika I offer an assessment of the phenomenon of globalization from the perspective of Orthodox Christian anthropology. In particular, I focus on the concept of sobornost in the thought of the Russian philosopher Vladimir Solovyov, writing, Solovyov’s account of the moral progress of humanity through globalization is rooted in the Russian idea of sobornost’, which Christopher Marsh and Daniel P. Continue Reading...