Archive for the ‘Economics & Law’ Category

Conversion of the Purse:
Economic Injustice and the Middle Class

“There are three conversions necessary,” said Martin Luther, “the conversion of the heart, mind and purse.” Of these three the “purse” is often the most obdurate. The biblical word for conversion is “metanoia”, a Greek term meaning a change of mind. A change of mind and...
November 13th, 2006 | Economics & Law | Read More

The Kye to Poverty:
Equity Pooling, Job Creation, and the Church

[Note: This article was originally posted in June 2004.] In an article critiquing Samuel Huntington ‘
May 22nd, 2006 | Economics & Law | Read More

The Poets of the Economy

“Money,” said Wallace Stevens, “is a kind of poetry.” As a Pulitizer Prize-winning poet and president of the Hartford Accident and Indemnity Company, Stevens was familiar with both free verse and the free market. So if Stevens is correct, and money is a kind of poetry, then who...
May 16th, 2006 | Economics & Law | Read More

A Patent Solution:
How to Provide a Medicare Drug Benefit

Earlier this year, the U.S. government’s implemented the Medicare Part D drug subsidy program which provides prescription drug coverage for the 42 million elderly and disabled Medicare beneficiaries. With the government now footing the bill, it is expected that the demand for prescription drugs...
May 16th, 2006 | Economics & Law | Read More

The Avuncular State:
In Praise of Libertarian Paternalism

If the boy is father to the man, then I was raised by a profligate dunce. Even though I had learned the power of compound interest in high school, I foolishly squandered my trivial savings at a time when the “eighth wonder of the world,” as Albert Einstein called it, would have had the greatest...
April 11th, 2006 | Economics & Law | Read More

Should the Wages of Sin Be Taxed?

As the only two certainties in life, we shouldn’t be surprised to find that both death and taxes share a mutual connection: Sin. While death usually make for more interesting reading, Fr. Robert Sirico, president and co-founder of the The Acton Institute for the Study of Religion and Liberty, has...
October 25th, 2005 | Economics & Law | Read More

Markets and Miracles:
What the Market Economy Needs to be �Moral�

Almost everyone has heard economics referred to as “the dismal science.” And if you took a course in macroeconomics you probably recognize that the appellation was given by the Scottish historian Thomas Carlyle. But what few people realize is that Carlyle coined the term in an 1849 magazine...
August 29th, 2005 | Economics & Law | Read More

An Affirmative Mismatch:
Do Racial Preferences Limit Black Lawyers? (Part II)

In response to my most recent post on affirmative action, Nick Matzke of The Panda ‘
December 21st, 2004 | Economics & Law | Read More

An Affirmative Mismatch:
Do Racial Preferences Limit Black Lawyers?

One of the most pernicious lies in America is the one we allow teachers, parents, and relatives to tell children: ‘
December 21st, 2004 | Economics & Law | Read More

The Retailer

When you ‘
November 30th, 2004 | Economics & Law | Read More