Economics

No, the Pandemic Has Not Surged Billionaire Wealth

"This claim has made headlines in CNBC, Fox Business, Business Insider, CNN, Reuters, Newsweek, and the New York Post. It has also been shared tens of thousands of times on social media....Yet the claim that billionaire wealth has surged 'since the beginning of the pandemic' is flatly untrue." - N. Review

599 reads

COVID-19 reminds us work is not just about money

"I’m not nominating anyone for sainthood here. People have all sorts of reasons for taking a job and their reasons could be thoroughly cynical and selfish. ...But even in a heavily regulated mixed economy like our own, we’re seeing millions of people behaving in ways that can’t be explained by selfishness (not the same thing as self-interest) or greed – the common critiques." - Acton

266 reads

Can We Measure the Value of Saving Human Lives in Dollars? Somber Calculations in a Time of Plague

"These paradoxes have a root cause. They all depend on a certain kind of economic model of practical rationality. They assume that the value of a human action can be identified with the expected value of the consequences of that action. To determine the value of an action, we compare two sorts of 'possible worlds': those likely to result if the action is taken, and those likely to result if the action is not taken." - The Public Discourse

337 reads

“Some Christians have become enamored with the ideas of socialism and even communism.”

"First, when the terms are left undefined, they seem to describe "kind" and "benevolent" economic systems that will help the poor and raise people out of poverty. They seem equivalent to the good "social programs" in our republic. Second, there is a seeming connection with the early church as described in Acts 2:44-45 which legitimizes these systems in the minds of some Christians." - Matt Postiff

1060 reads

Why Christians Should Care About Economic Ideas

"It is no coincidence that the twentieth century was the bloodiest century in human history. The ideas of totalitarianism and communism started in the universities and made their way into policy. These policies had devastating and unthinkable human consequences. Deaths resulting from direct government action against citizens in the twentieth century reached 262,000,000." - IFWE

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487 reads

Samuel Gregg: “Economic nationalism will not make America great again”

"Generally, protectionist policies are implemented in order to protect workers and industries, however, they also have the effect of  throwing market incentives off balance. When a nation employing protectionist policies disincentivizes other countries from importing or exporting goods, their comparative advantage is 'dulled'" - Acton

537 reads

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