When economists talk about the free-market economy, they use principles that help explain what may come from certain actions. Their explanations emphasize an element of predictability. But no...
How do prices emerge in a market economy, and are such prices legitimate, or just? The theory of just prices is considered an “ethical theory” of economics. It...
Last week we asked whether or not free enterprise is a “win-lose” proposition. This is the myth of the Zero Sum Game, and it’s a myth closely linked...
Last week we began our discussion of transaction costs and why they are important for Christians to understand. Lowering costs associated with our activities when and where we...
It’s not a question of enough…It’s a zero-sum game. Somebody wins. Somebody loses. – Gordon Gecko, Wall Street This striking declaration from Gordon Gecko, Michael Douglas’ notorious character...
Our broader mission at IFWE is to help Christians understand the power of economic thinking as part of whole-life stewardship. We believe that the tools of economics are...
This next installment of our series on the biblical foundations of economic principles touches on a question many Christians wrestle with: should Christians seek wealth and its creation?...
Can’t we build a just society? Many people look at our modern economy and ask this question. Christians especially are rightfully concerned with the justice of the systems...
Today’s post explores a key driver of human decision making. We’re going to talk about an economic principle called marginalism. This is a term economists use to describe...
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