Tag: free market
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How extremely poor families earn their money, with my thoughts about small to medium enterprises
MRUniversity. "What do we know about how extremely poor families earn their money? This video focuses on families earning $2 a day or less." The video notes that most poor people earn their money with undercapitalized small enterprises. To get a cycle of prosperity going, capital investment is needed. Very small capital improvements can add…
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Pro-business vs. pro-market
I came across this quote a couple of weeks ago by Luis Zinagles in his article Capitalism After the Crisis (HT: Carpe Diem) True capitalism lacks a strong lobby. That assertion might appear strange in light of the billions of dollars firms spend lobbying Congress in America, but that is exactly the point. Most lobbying…
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Two Cheers for the Free Market
Mouw's Musings: Two Cheers for the Free Market Shortly after coming home from one of our trips to mainland China, I read a report by an ecumenical group about economic issues. It featured a rather unnuanced condemnation of “the global market.” It struck me that the Christians I had just been with in China would…
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Bible Too Liberal? Conservatives Say Yes
AOL News: Bible Too Liberal? Conservatives Say Yes (Oct. 6) — Debates between conservatives and liberals are going biblical. A collaborative online project seeks to update the Bible with a more conservative translation — and has drawn the ire of less right-leaning bloggers and columnists. The Conservative Bible Project is the brainchild of attorney and…
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Jay Leno disses the free market
Greg Mankiw: Jay Leno disses the free market This is an amusing story, good for generating class discussion. As I understand it, here are the facts: 1. Comedian Jay Leno takes his show to Michigan to help "not just the autoworkers — anybody out of work in Detroit." 2. He gives away tickets for free.…
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Benevolence vs. Free Market
The following is an interesting passage from David Cowan's book Economic Parables: The Monetary Teachings of Jesus Christ. The gospel is a gift given to us – something that is precious but yet costs us no money – which leads us to ask whether it thus subverts the human economy. At the risk of deconstructing…
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Does the free market corrode moral character?
John Templeton Foundation: Does the free market corrode moral character? The John Templeton Foundation asked thirteen leading scientists, economists, scholars, and public figures this question. The link takes you to an index of their essays they gave in response. I haven't read them all yet, but it is fascinating stuff.
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The Free Market’s Not Dead
Forbes: The Free Market's Not Dead … If you think the world has had a free-market financial system, you should think again. In a free market, distortions due to regulation are avoided; buyers and sellers drive the outcomes; competition is rigorous and can produce volatile results; there is free entry and exit; investors are allowed…