Co-Laborers with Christ Here's a Lewis quote Art and I could have appropriated for the last chapter of Mere Economics, but there are simply too many to choose from. This one's from The World's Last Night: And Other Essays:
Wayland Way The laborer may sometimes feel like complaining, that the merchant has an easy time sitting at his desk, while he is sweating at his hard toil; that the merchant rides in his carriage, while he trudges on his weary way afoot; that the merchant is rich, while he is poor.
In This House, We Believe Demand Curves Slope Downward to the Right III This series of posts is adapted from an essay originally published on my personal blog, A Fuller's Soap. During graduate school lecturing, a friend who I won’t name once joked, “We’ve covered downward sloping demand curves—what else is there to teach them?” Less flippantly, Armen
Boulding Briefing Economic progress means the discovery and application of better ways of doing things to satisfy our wans. The piping of water to a household that previously dragged it from a well, the growing of two blades of grass where one grew before, the development of a power loom that enables
Economic Doxologies And when a long succession of illustrious scholars has drawn more reassuring conclusions from [political economy] after devoting their entire lives to its study; when they assert that freedom and the general welfare are perfectly compatible with justice and peace, and that all these great principles run parallel to one
Leeson Lesson It’s common to associate the ‘goodness’ or ‘badness’ of behaviour with the ‘goodness’ or ‘badness’ of the motivations that drive it. But the nobility or ignobility of individuals’ motivations often bears no relationship, and in some cases even exhibits an inverse relationship, to the nobility or ignobility of the
In This House, We Believe Demand Curves Slope Downward to the Right II This series of posts is adapted from an essay originally published on my personal blog, A Fuller's Soap. During graduate school lecturing, a friend who I won’t name once joked, “We’ve covered downward sloping demand curves—what else is there to teach them?” Less flippantly, Armen
Harsh, Fluorescent Lighting, Not to Mention Microplastics When Art or I point to Walmart as a marvel of the modern world, we often find ourselves fending off objections. What about the “harsh, fluorescent” lighting inside your typical Walmart? We’re tempted to respond by asking, “Ever heard of a First World Problem?” While snarky, our response captures
The Math isn't Mathing As the kids these days say. Scott Burns and I offer our third and fourth installations on the ongoing trade war over at the Independent Institute. Here's a taste: Today’s tariff defenders should be credited for looking to history to justify their proposals. Wise men should try
The Trade War Endgame Once again, over at the Independent Institute, Scott Burns and I tackle the recent trade goings-on. This time, we focus on the contradictory rationales that have been offered for the administration's trade policies. A snippet: Governments need to raise revenue. They also need to buttress their economy and