Climate Change: Economics, Evidence, and Religiosity

Religious dogma and activism have blinded many Americans to the scientific evidence. The modern environmental movement exhibits many of the elements of a religion. It has clergy members and laity members; environmental activists (and some scientists) are priests, while concerned students and citizens act as the nuns and lay brothers. It has its own eschatology - a [...]

The Equilibrium of Christian Theology: The Economics of Christianity – Pt. 4

AUTHOR’S NOTE: RECENTLY, I PARTICIPATED IN A RELIGIOUS CONVERSATION ABOUT MERITOCRACY. I NOTICED THAT THE CONVERSATION WAS ALMOST EXCLUSIVELY FOCUSED ON ECONOMIC SUBJECTS, SUCH AS HOW RESOURCES SHOULD BE ALLOCATED, BUT WAS DEVOID OF ECONOMIC CONCEPTS AND VOCABULARY. THIS ARTICLE IS AN ATTEMPT TO UTILIZE MODERN ECONOMICS TO DESCRIBE THE IMPLICATIONS OF VARIOUS INTERPRETATIONS OF [...]

Correlation, Causation & BAD POLICY

You probably have heard the phrase “correlation vs. causation” many times. Bottom line: Correlation DOES NOT equal causation.While this phrase gets thrown around quite a bit, there are distinct technical definitions for both of these terms that aren’t always comprehended. While this bottom line is ubiquitously touted by media personalities and political leaders to rebut [...]

There is one motivation stronger than racism: ECONOMIC SELF-INTEREST

One of the most undeniably racist and immoral systems in history was South Africa's apartheid.Laws were engineered to disadvantage and oppress non-whites.However, even racist laws in South Africa were circumvented when firms were motivated by profit.There is a cost to discriminate.In competitive markets, this cost helps determine the price of labor.In non-competitive markets, the price [...]