Unfortunately, there is a sentiment the persists among some Christians of all types that historical and traditional Christian ethics are somehow opposed to free markets. This idea has long been fueled by many proponents of free markets themselves, it seems, as many of them subscribe to rather questionable quasi social-Darwinist theories or strange notions about how monetary profit is somehow more valuable than non-monetary motives or values.
The current issue of the Cato Policy Report (January/February 2015) contains a short article about a book by Zhang Weiying called The Logic of the Market: An Insider’s View of Chinese Economic Reform, which was originally published in Chinese (and said to be a best-seller in China in that form) and was recently translated into English.
Jeff Deist interviews John O’Donnell in this week’s Mises Weekends.
People accuse Austrian economics of being overly theoretical—but our guest John O’Donnell proves them wrong. He’s applied Austrian economics consistently over his long career both as a successful investment banker and the CEO of several public companies.
More evidence the future of Austrian economics is in good hands is Patrick Newman’s (a PhD student at George Mason University and a participant in the 2012 Mises Institute Summer Fellowship program) excellent piece of scholarship recently published in the Quarterly Journal of Austrian Economics as “The Depression of 1873: An Austrian Perspective.” The paper is extremely important and timely as the Great Depression of 1873-1879 is
RussiaToday, and other sources, report that the Russian state has joined the new BRICS bank:
The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF.
Remember (Mises U Alum and economist) Ken Zahringer’s great short article about tipping?
Fortunately, CNET noticed, and called Ken up to apply his tipping insights to ridesharing programs. From the article “To tip or not to tip drivers, that is Uber’s question”:
