Entrepreneurs, to be truly successful, must know more than basic economics. They must also have a higher purpose, one not reducible to mere productivity. Read More… There is much in the classical liberal economist that I find attractive. By classical liberal, I do not mean the sort of political liberalism that defaults to certain presumptions of big government. Rather, I mean one who adheres to a more libertarian adoption of free market principles. Yet the classical liberal economist without faith...

Christians in the marketplace are motivated by more than profit. They seek also to be worthy of the public trust so as to avoid divine judgment. Read More… One of the more disturbing aspects of the way the market economy works is the ability of, at least some, participants to avoid responsibility for their decisions and actions. The manner in which this works is through the concepts of corporate personality and limited liability. The corporation is deemed to have a...

Should you tell them or should I? Read More… Presidential summits tend to focus on PR rather than substance. The Biden administration’s “Summit for Democracy” looks no different. Its objectives were worthy. Asthe State Departmentexplained it, President Joe Biden planned to “bring together leaders from government, civil society, and the private sector to set forth an affirmative agenda for democratic renewal and to tackle the greatest threats faced by democracies today through collective action.” However, most of the topics probably...

Don’t believe that increasing the money supply or jacking up federal spending costs nothing. Blaming corporate greed for rising prices is just a diversion from poor economic policy. Read More… Generally, the topic of inflation is considered dry and uninteresting, but it is one that has garnered much attention and debate over the past year. There peting narratives as to what inflation is and why it matters, and even whether the U.S. economy is experiencing inflation or not. Inflation is...

Whether the work of Providence, a pope and a president, or the inner contradictions of a bankrupt ideology, the collapse of the USSR meant hope of a free and democratic Russia. Has that hope been fulfilled? Read More… “You can have a very quiet Christmas evening,” wished Soviet President Mikhail Gorbachev to American President George H. W. Bush. “I am saying good-bye and shaking your hand.” It was a long-distance handshake, done via telephone. And it came on Christmas Day,...

The effects of the National Security Law are being felt by journalists in Hong Kong, as the city suffers a terrible slide into a totalist state to match China’s. Read More… Reporters Without Borders (RSF) released this year’s World Press Freedom Index, ranking countries based on press freedom, from the most to the least press. In 2002, for example, Hong Kong was ranked 18th. This year, it fell to 80th out of 180 countries, while China landed at #177, only...

Do corporations have an obligation to address the needs of the larger society? Or was Milton Friedman right, that their only clear obligation is to their shareholders? Read More… Most people have intuitions about moral issues of consequence, but we often find it difficult to put these intuitions into words. Something seems to us to be right or wrong, but we struggle to express our ideas accurately and to explain why our intuitions are reasonable pelling. As Peter Drucker used...

Not even Amazon can put the original “Shop Around the Corner” out of business. Now, as for the remake … Read More… I began a series of essays on Christmas movies last week with The Bishop’s Wife (1947), a story about church, munity of the faithful, and spiritual responsibility. This week, I’m writing about a less lofty subject, munity of the workplace and the life merce, but a much better movie, The Shop Around the Corner (1940), one of the...

While questions of police brutality, persistent racism and criminal justice reform should concern all citizens, we must realize that violence and disorder provide no path to a more just future. Read More… On Nov. 19, Kyle Rittenhouse was found not guilty on all charges related to the fatal shooting of two men and the wounding of another on the third day of widespread rioting and civil unrest in Kenosha, Wisconsin, in August last year. The trial had for many Americans...

Lai and two co-defendants were convicted on charges related to their participation in the annual Tiananmen Square Massacre vigil, another Beijing-inspired blow to free speech and free assembly in Hong Kong. Read More… Hong Kong media tycoon and outspoken pro-democracy activist Jimmy Lai has been convicted for his involvement in a memorating the Tiananmen Square Massacre. On Dec. 9, Lai, along with two other prominent Hong Kong activists, Gwyneth Ho and Chow Hang Tung, were found guilty of incitement and...