Economics

Economic monopoly and competition

In order for a country to progress, it is important that there is freedom to start businesses, restrictions to monopoly and ease to legally document permits. If the government places high barriers in many industries, competition will be hindered and growth will be hard. Daren Acemoglu’s book reports that in Mexico, government protects the monopoly of …

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Worldviews about Work

Demeaning work is looking down on productive and wise workmanship. It’s a mentality that associates the character of industry to deception. It is to look down on valuable work as some form of exploitation, more likely driven by materialism, laziness or covetousness Labor is an honorable pursuit. Those who labor honestly should be honored by …

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Society and Envy

A society overpowered by envy leads to more covetousness. Covetousness leads us to more unhappiness. It causes us to pursue more material things for mere vain glory. In that society, hearts no longer long for productive, valuable and upward output. People tend to produce product of lower value. Longer vacations are sought. In that society, people become excessive consumers …

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200-year Span of the World’s Economic Growth

Here’s Hans Rosling showing the statistics of the world’s economic progress through time. [youtube https://www.youtube.com/watch?v=jbkSRLYSojo] This presentation shows how we are well-off today compared to the countries hundreds of years ago. I believe the reason why the world has experienced remarkable progress in the last 200-400 hundred years is because of the entrance of a …

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The Commodity that Rises when the Market Crashes: Gold

Upon checking the PSE this afternoon, I saw that it went down to around 7,400-sh. The market is bearish for now. Will it keep falling to a certain support? Or will it bounce sooner? Stock Markets are volatile. Such is my observation. Robert Brokamp of Time magazine wrote Why you should start preparing for the next market crash: …

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Hospitality through Saving Food led to Salvation

Text: The Three Visitors, Genesis 18:6-8 “And Abraham hurried into the tent unto Sarah, and said, Make ready quickly three measures of fine meal, knead it, and make cakes upon the hearth. And Abraham ran unto the herd, and fetched a calf tender and good, and gave it unto a young man; and he hasted …

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The Invisible Hand

is a metaphor in economics used by Adam Smith to describe unintended social benefits resulting from individual actions. In the realm of Christian thought, all men including unbelievers have the capacity to discover the laws of God in nature. The natural order is the revelation of the Creator from which he makes Himself known (Romans 2:14-15). To …

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