personal development on Economics

Too many people hear the word capacity and assume it’s a limitation. They assume their capacity is set—especially if they’re beyond a certain age. People give up on the idea that their capacity or the...

[A] rock-star preaches capitalism. Wow. Sometimes I hear myself and I just can’t believe it. But commerce is real. . . . Aid is just a stopgap. Commerce—entrepreneurial capitalism—takes more people ou...

The task of Christian spokespersons, leaders, and professionals is to exemplify and teach foundational traits of the good life Jesus manifests. But this must also include the more specific traits requ...

Looking through the lens of Holy Scripture, human work must be seen first and foremost as value contribution, not economic compensation. We can have a flourishing, fruitful life even if we don’t get a...

Have you ever heard of "Stein’s Law"? Named after University of Virginia economics professor Herbert Stein, it states: "If something cannot go on forever, it will stop." Do you...

“Computers in the future may weigh no more than 1.5 tons.” “Popular Mechanics,” forecasting the relentless march ofscience, 1949 “I think there is a world market for maybe five computers.” Thomas Wat...

Jesus Christ said more about money than about any other single thing because, when it comes to a man’s real nature, money is of first importance. Money is an exact index to a man’s true character. All...

Since the rise of capitalism, it has been known that capturing someone’s attention could cause him to part with some money.

Anyone who lives within their means suffers from a lack of imagination.

The family has long been a haven in a heartless world, the one place immune to market forces and economic calculations, where the personal, the pri­vate, and the emotional hold sway. Yet. . . that is ...

The blunt fact is that America's grand promotion of debt-leveraged consumerism has stood Max Weber's famous thesis about the rise of capitalism on its head. It has scorned the early-American s...

The pioneering work of Israeli psychologists Daniel Kahneman and Amos Tversky has been popularized in recent years by the gamut of notable thinkers, including Malcolm Gladwell (Blink) and, in this cas...

At crucial moments of choice, most of the business of choosing is already over.

When I have a little money, I buy books; and if I have any left, I buy food and clothes.

A cynic is a man who knows the price of everything and the value of nothing.

Nor, indeed, can a man properly be said to save anything, if he only lays it up. You may as well throw your money into the sea, as bury it in the earth. And you may as well bury it in the earth, as in...

A friend who attended a prestigious MBA program once told me about the business ethics course he took there. The professor counseled honest business practices for two reasons. First, if you lie or che...

While American society is rich in goods, it is extremely time-poor. Many societies in the two-thirds world, by contrast, are poor in material possessions, by our standards, but they are rich in time. ...

Hence, whatever certain people have in superabundance is due, by natural law, to the purpose of succoring the poor.

The story is told of Socrates walking through the market in Athens, with its groaning abundance of options, and saying to himself, “Who would have thought that there could be so many things that I can...

Money cannot purchase joy. It buys temporary distractions.

There is a Moral sense, and there is an Immoral Sense. History shows us that the Moral Sense enables us to perceive morality and how to avoid it, and that the Immoral Sense enables us to perceive immo...

First and foremost, work is not about economic exchange, financial remuneration, or a pathway to the American Dream, but about God-honoring human creativity and contribution. Our work, whatever it is,...

For all our time and attention, no matter how carefully we curate our stuff or how much we might enjoy ourselves along the way, we’re all merely stocking and staging someone else’s opportunity for bar...

An emissary from a learned society came to invite the eminent scientist Louie Agassiz to address its members. Agassiz refused on the grounds that lectures of this sort took up too much time that shoul...

A good story goes beyond just describing what actually happened. It tells us about how the world works more broadly, in ways that pertain to things that didn’t actually happen or at least haven’t happ...

One of the many technological transformations of the twentieth century took place right on our dinner plates. Because of its cheapness and convenience, most Americans quickly accepted new ways of eati...

Let temporal things serve your use, but the eternal be the object of your desire.

There is no denying that competitiveness is part of the life both of an individual and a community, or that, within limits, it is a useful and necessary part…But it is equally obvious that no individu...

Good and evil increase at compound interest. That's why the little decisions we make every day are of infinite importance.