Category Archives: Economics

How One Modern Economist Is Like St. Thomas Aquinas

No, it’s not by making dry and boring arguments, before anyone makes a smart-aleck comment. One of the most admirable things about St. Thomas Aquinas’s method of argumentation in the Summa Theologica is his insistence on giving his opponents their best … Continue reading

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Value, Utility, and Price

I just checked my archives and found that my last post in the Reading Economics Project was more than six months ago! Let’s fix that, shall we? Week 6 of the Mises Institute’s Home Study Course in Austrian Economics includes … Continue reading

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I, Pencil: The Movie

Leonard Read’s classic essay “I, Pencil” has helped introduce millions of people to the amazing nature of the modern economy based on the division of labor. It’s required reading in one of my undergraduate courses, and I’ve seen (figuratively) the … Continue reading

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How a Christian Economist Thinks about Helping His Neighbor

Christian economist, Forbes.com columnist, and fellow Misesian Art Carden is featured on this week’s episode of the Research on Religion podcast. The interview focuses on how Christians should view the various policies and programs that are intended to help the … Continue reading

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Free Books This Month at Liberty Classroom!

For those of you have not already joined the fun over at Liberty Classroom, Tom Woods is giving away free, autographed copies of some of his books to new members this month! You can choose from Nullification, Rollback, and 33 … Continue reading

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Praxeology

Week 5 of the Mises Institute’s Home Study Course in Austrian Economics includes one audio lecture, four book chapters, and two long essays all dealing with the methodological foundations of Austrian economics. “The Austrian Method: Praxeology” by Hans-Hermann Hoppe: This … Continue reading

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An “Open Letter to Warren Buffett”

Over on my Reading Economics page, I’ve outlined a plan to read through, among other things, George Reisman’s program of readings. In that light (although I haven’t actually posted on anything from that series yet), I thought it was worth … Continue reading

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Scary Debt Analysis

Thanks to my reading and teaching schedule, I’ve been unable to post much on current events the past couple of months. However, I simply must post a link to this interview with former White House budget director David Stockman. Stockman … Continue reading

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Henry Hazlitt’s “Economics in One Lesson”

[This review originally appeared in the Spring 2012 issue of the Journal of Faith and the Academy.] Hazlitt, Henry. Economics in One Lesson. Baltimore: Laissez Faire Books, 2012 [1946]. 181 pp., paperback, $14.95 (ebook $9.00). Ordinarily, the reissuing in paperback … Continue reading

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Fulfilling the Cultural Mandate

The final chapter of Shawn Ritenour’s Foundations of Economics marks a return to the emphasis on theology found in the first chapter. Here the focus is on the cultural mandate of Genesis 1, where God creates Adam and Eve and … Continue reading

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