Category: Economics

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…

Continue reading

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.…

Continue reading

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…

Continue reading

Entering the SHARE Economy

What do marketers mean by saying we are entering the SHARE ECONOMY?  We have successfully (or not so successfully) moved to a SERVICE ECONOMY, but what is next?  America has been transformed…

Continue reading

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…

Continue reading

Incentives are important, but…

Scripture: Psalm 24:1, 100:3; Luke 6:38; Rom. 14:12; 1 Cor. 4:2; Col. 1:16; Eph. 6:7 One of the first statements in most economics textbooks is that incentives are important for understanding behavior.…

Continue reading

Post Scarcity Series, Part II: The Exponential Age

By the law of our nature which makes food necessary to the life of man, the effects of these two unequal powers must be kept equal. This implies a strong and constantly…

Continue reading

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.”    …

Continue reading

Post Scarcity Series, Part I

Thus for the first time since his creation man will be faced with his real, his permanent problem—how to use his freedom from pressing economic cares, how to occupy the leisure, which…

Continue reading

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…

Continue reading