John Wesley teaches us the true value of money

John Wesley, the father of Methodism, defended a rigorous and intentional plan for Christlikeness that would touch every aspect of a believer’s life. Caring intensely for the poor, he endeavored to create short, easy-to-read “penny pamphlets” and small booklets that would help anyone to come to a saving knowledge of Jesus Christ and to follow Him in such a way that they would begin to take on his very character. Continue Reading...

Can Bitcoin solve the classic problems of money?

The digital currency Bitcoin has not only attracted a lot of interest from investors, but it has raised some intriguing economic and financial questions. Economists and other theorists have long grappled with problems such as inflation, counterfeiting or money laundering. Continue Reading...

Samuel Gregg asks, ‘what good is money?’

While money’s purpose is to serve as a medium of exchange, this is not its only function. Samuel Gregg, in an article for Witherspoon Institute’s Public Discourse, defines the purpose of money and finance, in general, as well as its ability to serve the economy of the people. Continue Reading...

What you should know about subsidies

Note: This is post #13 in a weekly video series on basic microeconomics. What is a subsidy? A subsidy is really just a negative or reverse tax, explains Alex Tabarrok. Instead of collecting money in the form of a tax, the government gives money to consumer or producers. Continue Reading...

Pope Francis to entrepreneurs: Do good, despite what culture says

Yesterday, Pope Francis hosted a private audience in his Apostolic Palace for a few hundred international entrepreneurs and business leaders. The members of the International Christian Union of Business Executives (UNIAPAC) had gathered inside the Vatican’s walls for two days of meetings for the “noble purpose of reflecting on the role of business persons as agents of economic and social inclusion.” Continue Reading...

Surrendered Unto Stewardship: Darrell Bock On Money That Matters

What is the purpose of money? Is it for our survival? For our status, significance, or success? Is it for the service of ourselves or for the service of others? In a talk for the Oikonomia Network, theologian Darrell Bock sets out to answer the question, drawing from the numerous treatments of money in the book of Luke — from the rich fool and Lazarus’ wealthy neighbor to Zacchaeus and the widow’s mite. Continue Reading...

Real Life is Much More Than Economic

I think it is important to keep in mind that it is not the world of economics that is critical to human life on earth. When I left the field of economics for what I still believe to be a more important life agenda, it was because I regarded economics as driving cross-country at 80 mph with my eyes firmly fixed on the rear-view mirror. Continue Reading...
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