Economics & Culture Making

Culture is what we make of the world.”- Andy Crouch in Culture Making

One of the many delights of Summer 2017 has been diving into Andy Crouch’s 2008 book “Culture Making: Recovering our Creative Calling”. In this highly ambitious and superbly written book, Crouch seeks to unpack what “culture” is, how culture changes, and lays out the rationale for why culture-making is deeply intrinsic to what it means to be human. Continue reading “Economics & Culture Making”

Using Innovism Instead of Capitalism

McCloskey’s suggestion for changing the term “capitalism” into “innovism” might be a more practical way of arguing for free markets. Capitalism, as it’s tossed around in conversation, ends up getting misconstrued by both sides of the argument, because it lends itself to assume that societies have only become rich through the accumulation of capital. However, this is simply not true. It is ideas and the ability for entrepreneurs to assume the risks of employing the factors of production, by means of prices set in a market, to produce new (and perceived better) products or services to then turn around and sell them at uncertain prices in the market. The z, not the k, in our Solow model, if you will. This is “trade-tested betterment” as also proposed by McCloskey. Continue reading “Using Innovism Instead of Capitalism”

Why Our Grandparents Don’t “Get” the Modern Economy

In a time of comprehensive labor market disruption, no one needs to be reminded that jobs and their respective incomes are always changing in the modern economy.

In this series, we’re going to dive into how the occupations of yesterday have changed with each generation. By exploring this transformation, we may be able to uncover trends that will better prepare us for the unpredictable labor force of tomorrow.

Let’s kick things off with everyone’s favorite sender of $10 birthday cards, our magnificent grandparents of “The Greatest Generation.” Continue reading “Why Our Grandparents Don’t “Get” the Modern Economy”

The Next Wave of Tech Disruption

A third wave of economic transformation is nearly here, according to a new report by the Kauffman Foundation.

Kicking off with a pep talk from Steve Case, AOL co-founder and author of the Third Wave, who outlines the growth and entrepreneurship that will revolutionize a millennial-led economy.
Continue reading “The Next Wave of Tech Disruption”