The Left does not know what the word “economy” means. President Obama hinted at this, I think it was during the campaign, when he railed against those who said that government jobs were, somehow, not “real” jobs. He seems to believe that going to a work location bringing home . . . . Continue Reading »
In debates between Christian theologians and economists over the nature of capitalism, facts and figures count for almost nothing. At times the two seem to speak separate languages—perhaps most strikingly when they use the very same words. On the one hand, economists purport to be practical . . . . Continue Reading »
Dragon in a Three-Piece Suit: The Emergence of Capitalism in China by doug guthrie princeton university press, 302 pages, $39.95 In the famous account he gave of his twenty-four years away from his native Venice, Marco Polo was not above embellishment: the gold and silver said to line the walls of . . . . Continue Reading »
Adam Smith in His Time and Ours: Designing the Decent Society by jerry z. muller free press, 272 pages, $22.95 A good work of intellectual history should exemplify two qualities above all: an imagination that allows the author to “pass over” into the horizon of his subject in order to see the . . . . Continue Reading »
Earlier this year I was in charge of “debriefing” a small group of evangelical college students who had spent their spring break working with various agencies serving the homeless in inner-city Washington. Though they all had their own thoughts about what caused the poverty they had witnessed, . . . . Continue Reading »
Reaching for Heaven on Earth: The Theological Meaning of Economics by Robert H. Nelson Rowman and Littlefield, 378 pages, $24.95 For those unfamiliar with the historical emergence of the discipline of economics, it may seem that the subject matter of Robert Nelson’s book—the interplay . . . . Continue Reading »
There they go again. The presidential election of 1992 is bringing out among politicians and the media the Big Economic Lie. Virtually all editors today allow their reporters to broadcast this lie uncritically: “During the 1980s under Reaganomics the poor and the middle class lost income.” Any . . . . Continue Reading »
With Liberty and Justice for Whom? The Recent Evangelical Debate Over Capitalism by Craig M. Gay, foreword by Peter L. Berger Eerdmans, 276 pages, $19.95 Recently the local news reported on a Wisconsin environmental initiative. School children were sent into prairie fields to gather seeds from the . . . . Continue Reading »