The painful performance of the American economy in the past decade is not a function of bad luck. It is the product of flawed institutional design. Right now we are reaping the harvest of efforts to reinvigorate the progressive programs of the New Deal that stress high progressive taxes, large transfer payments, strong labor laws, and major barriers to free trade.This combination of public finance and market regulation has proved a potent force ...
In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called “Great Moderation”), with steady growth and low inflation. But the period since mid-2007 (“the Great Recession”) has seen the worst macroeconomic turmoil since the 1930s. A dramatic plunge in trade, output and employment in late 2008 and 2009 has been followed by an unconvincing recovery. How is the lurch from stabili ...
The discipline of economics is not what it used to be. Over the last few decades, economists have begun a revolutionary reorientation in how we look at the world, and this has major implications for politics, policy, and our everyday lives. For years, conventional economists told us an incomplete story that leaned on the comfortable precision of mathematical abstraction and ignored the complexity of the real world with all of its uncertainties, ...
Too often, individuals who have been called to practice their gifts and talents in the field of business and professional life sense that to serve God they ought to be doing something more directly involved with the church. Many successful business leaders, upon coming to faith in Christ or upon renewing their interest in God's Word, struggle with whether or not they should enter vocational ministry. Certainly, God calls some from among the ...
The Philosophy of the Law Idea (PLI) analyzes the manner in which religious beliefs control scientific theorizing. Religious beliefs control philosophical overviews of reality. Overviews of reality, also called ontologies, try to discover and disclose the essential nature of reality. They are concerned with what kinds of things exist and with the connections between the various types of properties and laws in human experience. Among such overvie ...
Psalm 15 begins with two related questions: «LORD, who may dwell in your sanctuary? Who may live on your holy hill?» (v. 1). These are questions worthy of our consideration as Christian business professionals seeking to integrate our faith and our work. The psalmist answers the questions with the following description: «He whose walk is blameless and who does what is righteous, who speaks the truth from his heart and has no slander on his tongue ...
Success in today's business environment may seem difficult or elusive for those who desire to conduct themselves with integrity. To be genuinely successful, you need more than just talent; you need wisdom that can help conquer any situation or problem that comes your way. But wisdom that brings us real success is not worldly wisdom; we need godly wisdom to succeed in all aspects of our lives. Unlike success, godly wisdom is not elusive; it ...
According to the U.S. Bureau of Labor Statistics, one in nine Americans works in sales, meaning that each day more than fifteen million people earn their keep by persuading someone else to make a purchase. The Excellent Persuader has the unique ability to reach sales professionals, sales managers, and organizational leaders at every level. All sales professionals, whether entry-level, veteran, or manager, will be guided through the ART ...
The author argues for the virtues of diversity in cities, organizations, strategies for development, and human discourse in general. The opening chapter develops the vision of Jane Jacobs (the "diva of diversity") for the development of city regions. Many of the later chapters are based on the author's ten years in the World Bank and Senior Advisor and speechwriter for Joseph Stiglitz. Many of the problems in the World ...
