Is Social Capital the Most Important Type of Capital?

In the modern economy, where we are continually pushed to specialize and become freelancers, social capital is becoming more important than ever. But, like anything else in life, if you want more of it, you have to put in a little effort. Bootstraps don’t work on their own We see the phrase, “pull themselves up … Continue reading Is Social Capital the Most Important Type of Capital?

The Church Acknowledges Doing Bad by Doing Good

This morning’s message hit home in the resident economist’s heart. Christ brings us out from the woodworks to produce good works for our fellow man. The communities within (I’m guessing most) churches is the perfect mix of contagion and accountability to be “selfless” every now and again and redistribute our excesses. Whether it’s our faith … Continue reading The Church Acknowledges Doing Bad by Doing Good

Why Societies Prosper and Others Stay Poor or Stagnant

It is all too easy to confuse the evidence of prosperity with its cause. An educated population, access to capital and sound financial markets, a diverse and productive labor force, innovative businesses, and general material abundance are surely hallmarks of a prosperous society. Yet these features merely describe prosperity. They do not explain it. These … Continue reading Why Societies Prosper and Others Stay Poor or Stagnant