Bryan Hodge
Applying New Testament Christianity to life today.
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Economics and Morals

Posted on December 26, 2014 by Bryan Hodge

Economics is defined as “the study of the use of scarce resources which have alternative uses” (Definition by Lionel Robbins quoted by Thomas Sowell, Basic Economics, p. 2). “What does ‘scarce’ mean? It means that what everybody wants adds up … Continue reading →

Posted in Ethics, Money, Wealth | Tagged 9/11, adverse selection, chaperoning, chicago, consequences and behavior, consequences and morals, cost of doing business in high crime areas, dating, deterent to investing, detroit, earthly consequence, economics defined, economy, enoch, ethics, fema, god is their belly, incentives, inner cities, insurance, job, lionel robbins, money, moral bonus, moral hazard, morale hazard, morals, nationalization of business, natural disasters, Noah, righteousness exalts a nation, risk, sub prime lending, the economist, thomas sowell, unstable governments, walk with God, webster dictionary, what if earthly consequences removed | Leave a comment
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