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Caleb S. Fuller

Associate Professor of Economics at the Winklevoss School of Business at Grove City College. Research Fellow at the Independent Institute.

https://calebsfuller.com/

Mere Economic Curiosity

Note: I originally published this essay at the American Institute for Economic Research. Recently, I argued that studying economics instills gratitude. A friend responded by asking me what intellectual virtues are necessary for understanding economics. Gratitude may be a result of studying economics, but what antecedents undergird enriching encounters with

A. Smith Savvy

The woollen coat, for example, which covers the day-labourer, as coarse and rough as it may appear, is the produce of the joint labour of a great multitude of workmen. The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the

Why Do We Give Engagement Rings?

I explain Margaret Brinig's classic paper–Rings and Promises–as the second speaker in this video:

Diamonds are Forever - The Resource Curse

I'm posting a 14-part series of mini-essays on diamonds (but really about the economic point of view). Here's part 14, the conclusion. The Resource Curse Some economists have made the counterintuitive case that a nation apparently blessed with an abundance of natural resources is actually cursed.

First, Do No Harm

In Mere Economics, Art and I urge Christians to take a Hippocratic Oath regarding the causes they support. Ask: “Are the means I’m supporting compatible with the ends I’m trying to achieve?” Answering that question means learning mere economics. It’s not enough, for instance, to support a

F.A. Hayek's Commentary on the Book of Genesis

You didn't know he had one? Well, he doesn't, at least not exactly. But in revisiting the introduction to The Fatal Conceit, I was surprised to see him frame the problem of comparative political economy similarly to how many Christian economists (myself included) think about our

Mere Economics: The Extended Edition

In order to write a book that is roughly the length of Mere Christianity, Art and I left quite a bit of material on the drawing room floor. We had plans to discuss political economy and public goods in greater detail. We wanted a chapter on business cycles. And can

Diamonds are Forever - Private Governance

I'm posting a 14-part series of mini-essays on diamonds (but really about the economic point of view). Here's part 13. Private Governance Yes, diamonds are well-protected, but they also have characteristics which make them easier to steal, characteristics that raise the costs of protecting them. Namely,

"Mere Economics" is Here!

Mere Economics: Lessons for and from the Ordinary Business of Life releases today! Order your copy here. Ideally, the book can serve as a supplement for introductory econ courses.

Tullock Truth

The modern state is largely a mechanism for transferring funds from one person to another. What we economists call public goods are provided by the state but are now only a part of it. The United States is not as far along in this procedure as many other countries, but