Category Archives: Economics in This Lesson

Is it a sin to be wealthy?

Posted on August 12, 2021 by RC

No. One can certainly get wealthy by sinning. One can certainly sin while being wealthy. But it is surely not a sin to be wealthy. Though few would be so crass as to express such a sentiment, it nevertheless often … Continue reading →

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Missing the (Decimal) Point

Posted on July 16, 2021 by RC

It’s a crazy real estate market out there. Prices have shot through the roof faster than, well, faster than the last real estate bubble we had. My neighbor across the way had 31 live viewers the first day it was … Continue reading →

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Why are people so greedy?

Posted on May 24, 2021 by RC

Because we’re people. The problem isn’t in the money. Which means, by the way, that one does not become more greedy than someone else by having more than someone else. Greed afflicts the rich and the poor and everyone in … Continue reading →

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Three Economic Truisms that Just Aren’t So

Posted on May 5, 2021 by RC

A little knowledge may be dangerous, but not nearly so dangerous as a great deal of ignorance. Too often, when it comes to economics, we carry around just enough foolishness to make ourselves dangerous, believing “truths” that have no truth … Continue reading →

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Grumble in the Jungle

Posted on April 16, 2021 by RC

It is such an obvious part of our lives one would think, you know, that we’d at least be aware of it. “It” is our propensity to come to believe that what we receive becomes what we are owed. Our … Continue reading →

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Why is work important?

Posted on March 29, 2021 by RC

With each passing wave of stimulus checks we get closer and closer to the notion that the state should simply send everyone a check every month, or at least, send a check to everyone who doesn’t earn one in the … Continue reading →

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Evil Employees and Saintly Corporations

Posted on February 3, 2021 by RC

It is a common but dangerous business, our propensity to make ourselves the heroes of our own stories, and to see all who stand in our way as wearing the black hats. As a person with an interest in all … Continue reading →

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What’s wrong with minimum wage laws?

Posted on January 25, 2021 by RC

In the ethics class I teach I typically ask my students this question, “Should people be able to freely make their own economic decisions without the approval of the government?” Almost always the whole class responds “Yes.” Then I ask … Continue reading →

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Ask RC- Is it a sin to be wealthy?

Posted on December 10, 2020 by RC

No. One can certainly get wealthy by sinning. One can certainly sin while being wealthy. But it is surely not a sin to be wealthy. Though few would be so crass as to express such a sentiment, it nevertheless often … Continue reading →

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Ask RC- Do minimum wage laws help either the poor or the overall economy?

Posted on September 24, 2020 by RC

No, on both counts. Our labor is a service. Its value is determined neither by law nor by wish but by the market. All of us, I suspect, would love to be paid $1,000 an hour. Given that all of … Continue reading →

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