Category Archives: Economics

The Possibility of Market Morality

Posted on October 5, 2016 by Richard Heyduck

Major Nathaniel B. Davis of West Point writes recently of the need for a morality of the market similar to the way just war theory provides a morality for war. As one who believes all areas of human action benefit from … Continue reading →

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The American Dream?

Posted on January 23, 2015 by Richard Heyduck

 What has America come to that we are dreaming about counter tops? If we had an epidemic of defective counter tops, I might understand this phenomenon. Say, for example, that faulty or sub-standard counter tops were causing 3.4 deaths per … Continue reading →

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What’s the Price?

Posted on January 19, 2015 by Richard Heyduck

Theologian Roger Olson turns to a non-theological subject, the way prices are computed in contemporary markets. He observes, For example, many city newspapers are basing subscription rates on: length of time a subscription has been steady, zip code and income … Continue reading →

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Free Community College!

Posted on January 9, 2015 by Richard Heyduck

Why is there such a thing as COST? Why isn’t everything just free? Cost is a way of showing the relative value of things. When we see that one thing costs more than another, we can take it as an … Continue reading →

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A Suspicion about Bubbles & Inequality

Posted on March 1, 2014 by Richard Heyduck

When I’ve read about retirement planning I’ve often seen references to savings earning a return averaging 8% a year (just recently I’ve seen the 6% figure used). That’s been tougher to find lately, as “safe” investments (federally insured accounts) are … Continue reading →

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Devaluation

Posted on September 28, 2013 by Richard Heyduck

Reading this post from Tyler Cowen reminds me of one of my perceptions of our current economic crisis: Whether deflation is happening in the US or not, we are facing an major societal pressure toward devaluing. 1. We see increased … Continue reading →

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Great Devaluation?

Posted on April 5, 2013 by Richard Heyduck

I could be all wrong, but… We’ve been raised to call that socio-economic event of the 1930s the “Great Depression.” So what do we call our recent (current) socio-economic event? It’s clearly not been as bad as the “Great Depression.” … Continue reading →

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Capitalism and Epistemology

Posted on January 4, 2013 by Richard Heyduck

Inasmuch as markets exist to provide knowledge (what I/we should do with regard to the resources at our disposal or over which we have influence) modern capitalism is a reductionism parallel to centrality of epistemology in modern philosophy (the requirement … Continue reading →

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Real estate & the economy

Posted on June 4, 2011 by Richard Heyduck

Feel free to take the comments below with a grain of salt. I am not in the real estate business. I have never owned real estate. I have never studied real estate, and have had only one course in economics. … Continue reading →

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Corporate Social Responsibility

Posted on February 8, 2011 by Richard Heyduck

Apparently President Obama recently made some comments about corporate social responsibility. “Businesses have a responsibility, too,” said Obama in his weekly address on Saturday. “If we make America the best place to do business, businesses should make their mark in … Continue reading →

Posted in Culture, Economics | 3 Comments