Economics

“In my teaching, I have encountered several myths or misperceptions about capitalism from students as well as individuals outside the classroom. Dispelling these myths has become a focus of much of my teaching. Myth #1: Capitalism Was ‘Created’ ” Intellectual Takeout

“The U.S. Census Bureau released its latest report on income and poverty in the United States today. Here are seven figures from the report you should know about” Acton

“Humanity knows just two theoretical forms of organizing public interactions, says Alex Tokarev. All real socio-economic systems that have evolved through the centuries are a mix of the two opposite ideological concepts”

“…after 21 years and hundreds of articles debunking the claim, the idea that gender pay gap is a real problem is a myth that just won’t die.

“…such measures are bound to reap a range of deleterious effects, from raised consumer prices to increased unemployment to reduced working hours to outright business closures. Contrary to the popular narrative, those consequences tend to hit small businesses and less-skilled workers first and hardest.”

“[W]hile rest is important and needed, work is what allows us to be productive, creative and focused on serving others. Work can provide a great sense of fulfillment, because it’s what God made us to do, regardless of whether it’s paid or volunteer work.” IFWE

“What many of us (I’m tempted to say true capitalists) prefer is not an amorphous capitalism, but an economic system that is outgrowth of the natural order of liberty: a free economy.

“[W]hen we hear reports that between 14 and 16 percent of Americans are living in poverty, few people bother to ask, “Are they talking about consumption or income?”

“The ‘practical’ differences between capitalism and communism are tremendous, and surely that offers some clue as to what lies beneath.”