Economy
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It has become fashionable among politicians to preach the virtues of pain and suffering, no doubt because those bearing the brunt of it are those with little voice—the poor and future generations. From Nobel Prize-winning economist Joseph Stiglitz. Read the rest here. Read more
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Mixing social democratic values with Jimmy Stewart localism, Germany’s economy is running rings around America’s. “What we have here is stakeholder capitalism, not shareholder capitalism,” says Hubner. And like most mittelstand [i.e., a family-owned small and mid-size manufacturing firm] owners, he adds: “I live where my company is located. I want a good image in Read more
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Derek flagged this article on the human cost of our insatiable demand for new electronic gadgets and asks what the proper Christian response would be. My suggestion: most Americans wouldn’t pay $15k for an iPad (the amount the author estimates an iPad would cost if manufactured in the U.S.)–would they pay somewhat more than they Read more
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Interesting TED talk by economist Tim Jackson on the limits to growth and alternative understandings of prosperity (via Nothing New Under the Sun). Jackson wrote a book called Prosperity without Growth, which you can read about here. And the “eco-friendly” search engine he mentions is Ecosia. Read more
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Not sure that image makes a lot of sense, but it’s the gist of this article from the Chronicle of Higher Education about the “subversion” of economics: “[Larry] Summers’s career is the result of an extraordinary and underappreciated scandal in American society: the convergence of academic economics, Wall Street, and political power,” and “rarely has Read more
