Tag: economic calculation problem
-
Economics at the Jesus Creed: Michael Kruse 3
My third post on economics as up to day at a Jesus Creed: Economics at the Jesus Creed: Michael Kruse 3. Feel free to join us there for discussion.
-
Self-Interest and Benevolence: Partners, not Antonyms (Part 12: Conclusion)
(Link to Part 11) Concluding Thoughts As we wrap up this series of reflections, what can we say about the relationship between self-interest and benevolence? The Goal of Abundance The biblical image of a just society is one of widespread abundance where humanity participates with God in co-creative stewardship over creation. Individual and Communal Stewardship…
-
Self-Interest and Benevolence: Partners, not Antonyms (Part 10)
(Link to Part 9) The Practical Need for Benevolence So far, we’ve seen how important markets are to a thriving society. They provide a real-time information feedback loop that matches wants and needs with supply. Self-interested people (who may or may not be selfish) bid for goods and services. Businesses compete to be the best…
-
Self-Interest and Benevolence: Partners, not Antonyms (Part 6)
[Link to Part 5] Co-creators and Partners in Our Own Provision Over the last five posts, I've made the case that economic freedom has generated unprecedented abundance. People acting on what they believe to be in their best interests bid for goods and services, and people acting on their perceived best interest freely choose to…
-
Self-Interest and Benevolence: Partners, not Antonyms (Part 4)
[Link to Part 3] Imperfect Markets: Too little freedom or too much? I ended my last post with this observation: “Market economies are creating unprecedented abundance, and that can be celebrated. But tremendous evil and mischief are also done by people having the freedom to act on their perceived self-interest. The dilemma is that economies…
-
Self-Interest and Benevolence: Partners, not Antonyms (Part 3)
[Link to Part 2] The Miracle of the Market For the first time, societies emerge with widespread material abundance. Innovations in economic production have far outpaced the Malthusian scarcity trap. There are many reasons for this. Advances in technology, radically improved infrastructure for communication and transportation, improvement in food production and storage, investments in human…