Welfare Slavery

Gombis ( The Drama of Ephesians: Participating in the Triumph of God , 51-2)illustrates the way powers work by transcending individual choice and creating enslaving institutions by describing a . . . . Continue Reading »

Happy Workers

A lot of our happiness is outside our control, a University of Minnesota research project concludes. In that portion that we do control, four factors stand out: faith, family, community, and work. . . . . Continue Reading »

Papal Economics

Maciej Zieba’s PAPAL ECONOMICS: The Catholic Church on Democratic Capitalism, from Rerum Novarum to Caritas in Veritate is a careful, informative study of Catholic social teaching as embodied . . . . Continue Reading »

Hidden Economy

When Twitter went public recently, it was valued at $24 billion, with revenue of $535 million. 300 billion tweets have been sent since Twitter began, and that number increases by half a billion a . . . . Continue Reading »

Why firms?

Why the firm? Ronald Coase, a Nobel economist who died last week at the age of 102, was among the first to ask the question, in a 1937 article on the nature of the firm . His starting point was to . . . . Continue Reading »