The tragedy of Detroit

“Detroit developed best when it was bottom-up,” says Harry Veryser, economist and professor at University of Detroit Mercy. “When small communities, small parishes, small schools were formed… that’s when Detroit prospered.” [Read more...]

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Pastors, seminary students, and economics

Why do pastors need to know all that much about economics? My friend and writing partner, Austin Hill, tells the story of a conference he attended as a graduate student where the facilitator posed the provocative question, “Can somebody name for me one area of our lives that has nothing to do with economics?” The group was silent for more than a few moments, as many pondered this for the first time. [Read more...]

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Amazon, Kmart, and the moral limits of shopping

Human beings, with our diversity of gifts, talents, and dispositions, were created to, as Adam Smith put it, “truck, barter, and exchange.” In other words, we were made to trade. But we were not created to be constantly trucking, bartering, and exchanging. That’s the central truth about humanity that the commandment concerning Sabbath rest communicates. [Read more...]

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