Tag: invisible hand

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…

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