Tag: economics
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Malthus was right!
New York Times: Malthus was right! by Paul Krugman …The fact is that Malthus was right about the whole of human history up until his own era. Sumerian peasants in the 30th century BC lived on the edge of subsistence; so did French peasants in the 18th century AD. Throughout history population growth had always…
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Economics vs Pollyanna
EclectEcon (John Palmer): Economics vs Pollyanna Too often well-meaning people who really care about the future write, "Science is not the problem; it's the misuse of science by economics that is the problem." Sadly, they are mistaken. In fact, it is a lack of understanding of economics that is the problem. Economics does not make…
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Epistemology and Economics
Last summer, I read a post by an economics professor named Mark Steckbeck called Three Edicts of Economic Thought. He identifies three schools of thought and highlights the epistemological implications of each. (Note: GMU = George Mason University): The leftists: "That what is is inefficient." Given the abundant examples of oversupply, undersupply, and information problems, (i.e.,…
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So We Thought. But Then Again . . .
New York Times: So We Thought. But Then Again . . . HARRY S TRUMAN once said he wanted to talk to a one-armed economist, “so that the guy could never make a statement and then say: ‘on the other hand.’ ” Yet economic knowledge continues to progress in unexpected ways. Here are a few…
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What Kind of Genius Are You?
What Kind of Genius Are You? is a very interesting article from Wired. (Hat Tip to Raymond Ward) Daniel Pink writes about economist David Galenson who studied art to learn about the nature of creativity. He found two types of innovation. What he has found is that genius – whether in art or architecture or…
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Theology and Economics: Vision, Mission, Ethic and Call
Based on what I have addressed so far, here is a summary of elements I think are central to a theology of economics. The Vision and Mission of God Visio Dei (Vision of God) – The triune God existing in prefect shalom with all creation, dwelling in perfect community with His animate eikons as they…