Author Archives: Tom Vogel

Who is King in Our Economy?

“They traded with you in choice garments, in clothes of blue and embroidered work, and in carpets of many colors and tightly wound cords, which were among your merchandise” (Ezekiel 27:24 New…

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The Smorgasbord Effect in Economics

“So, whether you eat or drink or whatever you do, do it all for the glory of God.” (1 Corinthians 10:31 NIV) Smorgasbord restaurants, though not as common as in the past,…

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Company Budgets and Strategic Plans: Guidelines or a Straitjacket?

“If the ax is dull and its edge unsharpened, more strength is needed, but skill will bring success” ~ Ecclesiastes 10:10 (New King James Version) The DeVoe School of Business has undertaken…

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The Unintended Consequences of Regulatory Change

“For lack of guidance, a nation falls, but victory is won through many advisers” (Proverbs 11:14, New International Version) In response to the financial crisis of 2007 and 2008 and the onset…

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Innovation: The Powerful Cure for Fighting the “Competitive Scrum”

“No one sews a piece of unshrunk cloth on an old garment. If he does, the patch tears away from it, the new from the old, and a worse tear is made.…

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Economic Freedom Includes the Freedom to Fail

“And because he was a tentmaker as they were, he stayed and worked with them.”                                   ~ Acts 18:3 (NIV) The free enterprise system enables all of us to pursue our own…

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An Economic Lesson from a Bag of Potato Chips!

“The hardworking farmer must be the first to partake of the crops.” ~ 2 Timothy 2:6 (New King James Version) The next time you purchase a bag of potato chips from the…

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The Power of the Market

“The real and effectual discipline which is exercised over a workman is that of his customers.  It is the fear of losing their employment which restrains his frauds and corrects his negligence.”    …

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Greed is Good?

Scripture: Matthew 25:14-30; Luke 12:15 In the 1987 movie “Wall Street,” actor Michael Douglas, known as Gordon Gecko in his movie role, made the following impassioned plea for change before the mythical…

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