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Faith and Economics

Faith and Economics

By Gwartney Institute
In Faith and Economics, economics professors Dr. Russ McCullough and Dr. Peter Jacobsen and philosophy professor Dr. Justin Clarke discuss big issues that impact economic freedom and human flourishing from a Christian perspective. This podcast is an initiative of the Gwartney Institute at Ottawa University.
For more information, contact us at info@GwartneyInstitute.org
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Currently playing episode

Creighton University Humanomics Event: Adam Smith - Moral Sentiments and the Wealth of Nations | #27

Faith and Economics

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“Is Media Deception a Dumpster Fire or Progress?” | #133
This week the Gwartney Institute talks about today's media. Specifically the team talks about media deception, and how media changes what actually happens. We saw this a lot when Trump was in office with articles that weren't telling the truth, and social media spreading things that most likely aren't true. This is now happening with Joe Biden. Our last podcast covered his so called meat laws that he wanted to implement, but Biden has never actually said anything about meat laws it was just the media deceiving the public. See what the team thinks about this and why our society is doing this. Also hear about some of their solutions to this issue. Enjoy!
32:37
May 10, 2021
“Save the planet with Meat Laws?” | #132
This weeks podcast the Gwartney team is talking about meat. Yes, meat! Here is why, climate change was a central policy for Joe Biden during the 2020 election, and last week the president hosted a summit with 40 world leaders to discuss their response to the crisis. At the virtual event, Biden announced a new target for the U.S to cut emissions by 50 to 52 percent by 2030 compared with 2005 levels. The summit was followed by claims on social media that Biden plans to cut meat consumption in the U.S. to combat climate change. Give the show a listen to see what the professors feel about this topic. Enjoy!
38:42
May 3, 2021
"Minimum Wage should be Zero" -Dr. Victor Claar Explains | #131
The Gwartney team this week talks about the minimum wage argument. This discussion is led by our special guest Dr. Victor Claar. Dr. Victor V. Claar is associate professor of economics at Florida Gulf Coast University in Fort Myers, where he holds the BB&T Distinguished Professorship in Free Enterprise. He studied business and math as an undergraduate at Houghton College in upstate New York, and earned his masters and doctoral degrees in economics at West Virginia University. Professor Claar is an affiliate scholar of the Acton Institute, as well as a member of the Foundation for Economic Education's Faculty Network. He is a Fulbright Scholar, having spent a year teaching economics to graduate students in the former-Soviet republic of Armenia. Professor Claar has a long, impressive record of publications, including his influential book, Economics in Christian Perspective: Theory, Policy and Life Choices, now in its tenth printing and recently translated into Chinese. His forthcoming book with coauthor Greg Forster, The Keynesian Revolution and the Rise of Economic Materialism: We're All Dead, is under contract to be published in early 2019 by Palgrave Macmillan. The link to his minimum wage article is here: https://www.thepublicdiscourse.com/2021/03/74720/
38:39
April 26, 2021
Vaccine Passports -Is this Freedom? | #130
This week's podcast the team talks about the proposal of vaccine passports. The team talks about whether they are for or against these passports, and then the many different arguments that could support these passports or deny the use of them. We hope you enjoy!
33:35
April 19, 2021
Social Trust -Mostly down, Is this Good? | #129
This week's podcast episode is on the social trust of certain institutions. There is information out that says the younger generation has a decrease in trust for many different institutions like the government, scientists, and police. This podcast idea was brought up after one of the institutions that is decreasing is the church. Listen to what the team's thoughts are on this topic. The Gallup poll link is below: https://news.gallup.com/poll/1597/confidence-institutions.aspx
36:11
April 12, 2021
Freedom from the Law? - Guest Dr. Rachel Ferguson | #128
This week's podcast the Gwartney team welcomes Dr. Rachel Ferguson back to the show. The podcast this week a more on the faith side talking about how old testament laws can shape Christians today. The idea for the podcast was from Dr. Rachel Ferguson and Dr. Russ McCullough after they both listened to a podcast from the Biblical Mind group. Their podcast has "Dr. Carmen Imes, Associate Professor of Old Testament at Prairie College in Alberta, Canada, talks with Dr. Dru Johnson about the role of the Old Testament laws. Fulfilling individual Old Testament laws is meant to shape the wisdom and character of God's people in response to God's already accomplished work of salvation. Dr. Imes talks about biblical oath-making, the difference between ancient and modern views of law codes, and how God secures his faithfulness by swearing on Himself. If we learn to read the law as an extension of our love for God, we can see how the practices and guidance of the Torah can shape our modern life as Christians." The Gwartney team shares their thoughts about what they though of this podcast and their thoughts on the Law. The link to the biblical mind podcast is below:  https://podcasts.apple.com/us/podcast/the-biblical-mind/id1468537756?i=1000492595207
56:53
April 5, 2021
Faith, Freedom, and Dr. Suess | #127
The podcast this week is about the children's books that were banned recently. The author is Dr. Suess and 6 of his books have been pulled from the shelfs and banned in many libraries around the country. See what the professors have to say, and what economic, philosophical, and faith principles can be woven into a situation like this. We had a mic malfunction for the first 5 minutes of the podcast so the audio might not be the best quality until the mark of 5:57 in the podcast.  Enjoy!!
32:55
March 29, 2021
Need Faith for Universal Basic Income? | #126
This week the Gwartney team talks about a Universal Basic Income or UBI. Give a listen to what our professors think about a universal income. Will it ever be put into place where it can work? 
43:22
March 22, 2021
Negotiating Fairness –Are All Negotiations Fair? | #125
Another Faith and Economics podcast with the Gwartney Team! This week's show talks about fairness in negotiations. Are all negotiations fair? The team takes a look at Dr. McCullough's negotiations fairness theorem and the team decides if it can be applied to all negotiations. What qualifies a negotiation as being fair? Find out what the team thinks about these questions by listening to our show. 
38:45
March 15, 2021
Should We Still Have Faith in the Constitution? | #124
This week the Gwartney team talks about the constitution. The last two weeks have been focused on rights so we thought it was appropriate to bring the constitution into the conversation. The constitution gives us rights to follow, but should we still have faith in it after this long? 
33:35
March 8, 2021
Rights -From God or Government? |#123
This week the Gwartney team talks about rights again. Are these rights god given or decided on a majority of what the people believe is true. Enjoy! 
39:11
March 1, 2021
Freedom Rights for the Public Good -Fair Trade? | #122
The Gwartney team this week talk about rights. What are rights? The team discusses the issues around the nationally mandated lockdowns, and if they infringed on your rights. Give it a listen! 
36:03
February 22, 2021
Render to Caesar –Should We and When? | #121
In this week's podcast the Gwartney team talks about the phrase, "Render unto Caesar the things that are Caesar's, and unto God the things that are God's." The phrase has become a widely quoted summary of the relationship between Christianity, secular government, and society. The original message, coming in response to a question of whether it was lawful for Jews to pay taxes to Caesar, gives rise to multiple possible interpretations about the circumstances under which it is desirable for Christians to submit to earthly authority. Here what the team's thoughts are on this phrase in today's world, enjoy!
33:59
February 15, 2021
GameStop, Hedge Funds, and David vs. Goliath | #120
This week the Gwartney team talks about an event that has been all over the news. The stock price of GameStop flew through the roof this last week because of some Reddit users on WallStreetBets. Give a listen to what the team thinks about this recent craze on Wall Street and how faith can be brought into the discussion. 
33:40
February 8, 2021
Faith and Free Speech - Is It Really Free? | #119
This week the Gwartney team talks about the first amendment. The team tries to define the meaning of free speech in our own words. Then the team tries to get to the real meaning of free speech since there isn't that clear of a definition out there. Then the team adds in a little bit of faith. Enjoy! 
37:50
February 1, 2021
Biblical Anthropology and Economic Systems | #118
This week on the show the Gwartney Institute talks about biblical anthropology and economic systems. We have special guest Dr. Jeff Haymond, Dean of the School of Business Administration and Professor of Economics at Cedarville University. Enjoy the mix of economics and faith during this episode. 
39:58
January 25, 2021
Is The Presidency Too Powerful? | #117
This week the Gwartney team talks about what happened at the Capital. This steers the conversation into the powers of the United States President. Do our President's have too much power, or not enough? Give it a listen. 
35:46
January 18, 2021
Gift Giving and Consumerism -Is Capitalism To Blame? | #116
This week the Gwartney team talks about consumerism and gift-giving. The team discusses what consumerism is, and why it's a hot topic during the holiday season. The team also brings the faith aspect into the discussion and then finally answering if consuming during the holidays is good for the economy. Enjoy!  
33:01
January 11, 2021
Urbit protects your digital property rights – CEO Galen Wolfe-Pauly | #115
This week the Gwartney team has on a special guest Galen the CEO of Urbit. We get to hear from him about what Urbit is and he answers all the questions that help the everyday person understand the importance of what their doing with Urbit 
40:10
January 4, 2021
Why won’t we run out of resources? -Stewardship | #114
This week the Gwartney team talks about environmentalism and resource use. There is effectively no difference between what people call renewable and nonrenewable resources is what Dr. Jacobsen says. Give a listen to what the professors have to say about this topic. 
39:18
December 28, 2020
Entrepreneurs and Models -What Needs More Faith? |#113
This week the Gwartney team talks about Dr.  Peter Jacobsen's defense of his dissertation. Peter's dissertation was three papers, but the team discusses only one on the show. This paper is called More Than Labor. Enjoy.
32:34
December 21, 2020
Own Nothing and Be Happy? The Problem with the Great Reset | #112
The Gwartney team this week talks about The Great Reset. There is a video attached below that helps explain what the World Economic Forum is proposing. We advise watching this short video first, then giving the podcast a listen. The link is below, Enjoy. https://www.youtube.com/watch?v=Hx3DhoLFO4s
33:09
December 14, 2020
Airline Overbooking – Faith and Fairness with Market Solutions | #111
This week the Gwartney team talks about the airline overbooking problem. After Dr. Peter Jacobsen introduces us to the problem and the solution the team ties his paper into faith and fairness with market solutions. Enjoy! 
31:51
December 7, 2020
Was Jesus a Socialist? -Guest Larry Reed |#110
The Gwartney team welcomes a great guest to the show, Larry Reed. We discuss his life and journey through faith, while also talking about his book, Was Jesus A Socialist? 
36:03
November 30, 2020
Faith in Uber and the Gig economy? | #109
This week the Gwartney team talks about Uber and the gig economy. A gig economy is based on flexible, temporary, or freelance jobs, often involving connecting with clients or customers through an online platform. Uber has shown how successful a gig economy can become. Could we see a gig economy form in our labor force and be successful in other types of businesses?
29:51
November 23, 2020
Fighting Poverty with Economic Freedom Part 2 | #108
This week the Gwartney team finishes up the economic freedom series. The discussion finishes up the last two areas of measurement for countries' economic freedom score. These last areas are freedom to trade internationally and regulations. 
39:53
November 16, 2020
Fighting Poverty with Economic Freedom Part-1 | #107
This week the Gwartney team talks about economic freedom! The main cornerstones of economic freedom are personal choice, voluntary exchange, open markets, and clearly defined and enforced property rights. The podcast's discussion is centered around the economic freedom index of the world developed by Jim Gwartney. This index measures five important areas of a country which are the size of government, legal system and property rights, sound money, freedom to trade internationally, and regulation. 
30:43
November 9, 2020
Great Barrington Declaration -COVID Shutdown? | #106
This week the Gwartney team talks about the Great Barrington Declaration. The Great Barrington Declaration brings together many of the worlds best infectious disease epidemiologists and public health scientists that have grave concerns about the damaging physical and mental health impacts of the prevailing COVID-19 policies, and recommend an approach they call Focused Protection. Enjoy! Check out the declaration here: https://gbdeclaration.org
34:28
November 2, 2020
Priests doing Economic Analysis? -Clara Jace explains | #105
This week's podcast we have a special guest on our show Clara Jace. Clara is a Ph.D. student at George Mason University and a Graduate fellow of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, & Economics. Her research interests revolve around the fields of family economics, public choice, and the economics of religion. The podcast dives into some of her research about the school of Salamanca. The school of Salamanca is often identified as the first economic tradition in the history of "dismal science."  Learn more about her research with the link to Clara's paper below:   https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3288861
32:49
October 26, 2020
Corporate Social Responsibility -Part 2 | #104
This week's podcast is part 2 of the corporate social responsibility series. The Gwartney team discusses a New York Times article that marked Friedman's "The Social Responsibility Of Business Is to Increase Its Profits" article. Now 50 years later, the article we discuss celebrates the occasion by stirring a series of discussions and debates. They assembled more than 20 experts — including C.E.O.s, Nobel laureates and other top thinkers — and asked them to respond to the essay. Link: https://www.nytimes.com/2020/09/13/business/dealbook/milton-friedman-essay-anniversary.html
31:22
October 19, 2020
Corporate Social Responsibility -Part 1 of 2 | #103
It has now been 50 years since economist Milton Friedman asked and answered a fundamental question: What is the role of business in society? Friedman’s stance was,“There is one and only one social responsibility of business, to use its resources and engage in activities designed to increase its profits.” The Gwartney team takes a look at Friedman's stance with its recent 50 year anniversary, answering the question, "What is a corporations social responsibility?"
33:14
October 12, 2020
Power and Institutions- Part 3 The Nuremberg Trials | #102
This is the final part of the three part series on power and institutions. For this episode the Gwartney team talks about the Nuremberg trials, and their correlation with part 1 (The Stanford Prison Experiment) and part 2 (The Milgram Experiment). Enjoy!
42:11
October 5, 2020
Power and Institutions- Part 2 Milgram Experiment | #101
The Gwartney team talks about the Milgram Experiment this week. We are starting a trilogy and this episode is about the humans level of obedience and the corruption of power. Enjoy!
37:47
September 28, 2020
Power and Institutions –Part 1 Stanford Prison Experiment | #100
The Gwartney team talks about the Stanford Prison Experiment this week for our very special 100th episode. We are starting a trilogy and this episode starts it off with the corruption of power. Enjoy!
37:36
September 21, 2020
Faith and Expectations at Church | #99
This week's episode the Gwartney team takes a look into expectations of faith. The book "The Marketplace of Christianity" by Robert Ekelund, Robert Hebert, and Robert Tollison is used as a reference in this podcast. The book helps open up a discussion about the difference between credence goods and meta-credence goods, and how they are connected in our faith. 
33:00
September 14, 2020
The Problem of Evil and Suffering | #98
The Gwartney team discusses the problem of evil and suffering on this weeks podcast. 
32:41
September 7, 2020
Is there Biblical Support for a Wealth Tax? | #97
The Gwartney team this week talks about the idea of a wealth tax. The show focuses in on what a wealth tax is, and why it doesn't look like it will work or want to be accepted as a new tax form along side the already in use, income and property tax. The team also talks about the biblical side of taxes. 
35:54
August 31, 2020
Russ goes to Capital Hill -Economic Recovery with COVID | #96
Russ and the Gwartney team discuss the talk that Dr. McCullough had to Kansas policy makers on an economic recovery plan with COVID.  Dr. Russ McCullough catches the policy makers attention with his presentation on, "Healthcare Capacity as a Policy Tool." Here is the link to the testimony, Dr McCullough starts at 1:42:35: https://youtu.be/7iq9N-SLgwE And a link to the Policy Brief can be found here: https://kansaspolicy.org/surveying-small-businesses-covid-reopening-the-kansas-economy/
38:44
August 24, 2020
Free to Choose – Student reflections at Capitaf | #95
Dr. Russ McCullough takes students to Capitaf, which is Milton and Rose Friedman's summer home in Fairlee, VT. There the students and Russ discuss the books they read: "Free to Choose" and "Capitalism and Freedom" both written by Milton Friedman. 
48:10
August 17, 2020
Expectations and Happiness –Do Gaps Hurt |#94
The Gwartney team takes a deeper look into a ted talk titled "Why we're unhappy." The team talks about the policies and beliefs that Nat Ware proposes will fix the problem of unhappiness. The link to the ted talk is below.  https://www.youtube.com/watch?v=9KiUq8i9pbE&feature=youtu.be
37:29
August 10, 2020
Hedonism –Is it Christian | #93
The Gwartney Institute talks about the ethical theory of Hedonism. Is it true or is it false? Dr. Justin Clarke trys to bring Dr. McCullough and Dr. Jacobsen to the non-hedonist view point by delivering many examples of how it could be seen as false. 
32:10
August 3, 2020
Peter Jacobsen –Perspectives on Faith and Economics | #92
The Gwartney Institute welcomes Peter Jacobsen to the team. Hearing about his journey of faith and economics. 
35:25
July 27, 2020
Free Will Skeptics -Are we better off? | #91
This week the Gwartney team is applying their conversations on the 3 positions of free will (Determinism, Libertarianism, and Compatibilism) to real life examples.  https://youtu.be/rfOMqehl-ZA
30:33
July 20, 2020
Free Will Part 3 - Compatibilism | #90
This week the Gwartney professors covered part 3 of the theory of free will; compatibilism 
33:43
July 13, 2020
Free Will Part 2 - Libertarianism | #89
This week the Gwartney professors covered part 2 of the theory of free will; libertarianism
45:45
July 6, 2020
Free Will, Faith and Philosophy - Part 1 | #88
Our two professors sat down this week to discuss part one of three on the theory of free will; determinism. 
37:51
June 29, 2020
Looting - Thou Shalt Not Steal | #87
The Gwartney team discusses government and police response to the instances of looting that have occurred during the recent protest and what the bible has to say on this topic. 
37:28
June 25, 2020
Militarization of the Police | #86
The Gwartney Institute tackles the hot topic of militarization of the police using the "Campaign Zero" policies from 2015. 
40:47
June 15, 2020
Visible and Invisible - Drs. Dirk Mateer and Charity-Joy Acchiardo | #85
Drs. Dirk and Charity-Joy join the Gwartney team to discuss how economists can get swept up in visible information and miss some key invisible information in the decision-making process.
37:47
June 8, 2020
The Trolley Problem, What Would Jesus Do? | #84
The Gwartney team dives into the philosophical trolley problem and discuss why people struggle with different scenarios. 
35:34
June 3, 2020
Debit Forgiveness for Everyone? Charles Bryfogle | #83
Charles Bryfogle joins the Gwartney team to discuss debt forgiveness and Christian jubilee as a potential solutions for economic collapse. 
37:56
May 18, 2020
Morality and mechanics about how the government will pay for Covid | #82
The week the Gwartney teams discusses the morality and mechanics behind how the government is paying the stimulus for covid. 
36:38
May 11, 2020
Personal Finance Virtues During Hard Times-The Dave Ramsey Approach | #81
With the stimulus payments from the government it raises the question, "What would Dave Ramsey do during these hard times?"
38:19
May 4, 2020
Oil and Jesus - Is there a connection? | #80
The oil industry has hit a slump in recent months.  The Gwartney Institute team discusses the complexities of the oil market and its connection to Jesus. 
26:49
April 27, 2020
Dr. Rachel Ferguson | #79
Rachel Ferguson joins the Gwartney team for a second time to discuss her family's personal experience with the corona virus. 
38:14
April 20, 2020
Russ Roberts | #78
Economist Russ Roberts joins the Gwartney team to discuss his book "How Adam Smith Can Change Your Life", the current Corona virus pandemic, and other interesting topics. 
47:28
April 13, 2020
Changing Beliefs | #77
Changing beliefs can be difficult, admitting you were wrong more so.  The Gwartney team discusses this issue and then goes through some of their own belief changes. 
40:12
April 6, 2020
Corona Virus Part 2 | #76
The Gwartney Institute covers the new developments in the Corona Virus and the effects it is having on the economy, including price gouging. 
38:18
March 30, 2020
Corona Virus | #75
With the growing concern of the corona virus crisis, the Gwartney team discusses the ethics behind social distancing and the problems it is causing for businesses. 
34:34
March 23, 2020
National Debt | #74
The Gwartney team co-hosted a debate over the national debt. This podcast reviews some of the highlights from the debate. 
34:59
March 16, 2020
Are Economists Immoral? | #73
Economists get a bad rap for promoting a capitalist system. This week the professors take on the question, are economists immoral?
35:13
March 9, 2020
Home Economics | #72
This week the Gwartney Institute discusses how the family plays a role in economics. 
29:25
March 2, 2020
God is a Capitalist | #71
The Gwartney Institute interviews Roger McKinney about his intriguing book called "God is a Capitalist."
39:49
February 24, 2020
Urbit and Your Online Identity | #70
Social media gives third parties power over our online identities. The Gwartney Institute takes a look at how Urbit might provide an alternative platform.
44:33
February 17, 2020
Computer Simulation | #69
As technology advances, the line between computers and life becomes thinner giving the Gwartney Institute an interesting topic that will keep evolving. 
33:26
February 10, 2020
Chile's Economic Freedom | #68
With civil unrest growing in Chile due to inequality, the Gwartney team looks to the benefits of Chile's high economic freedom for answers. 
36:37
February 3, 2020
Organ Lottery | #67
This episodes sheds new light on utilitarianism by bringing up the option for an organ lottery.  
33:35
January 27, 2020
New Year Resolutions | #66
The Gwartney Institute examines how New Years Resolutions affect different industries and shed a little light on their own resolutions. 
33:17
January 20, 2020
Regulatory Impact on Consumers | #65
This week the Gwartney Institute tackles how regulations can cause a negative tax on the poor. 
33:10
January 13, 2020
Economics on Everest | #64
From Jon Krakauer's autobiography of the 1996 disaster on Mount Everest to the modern day over-crowding at the summit, this episode uncovers the economics of how commercialization has changed the supply and demand in Nepal. 
26:59
January 6, 2020
On Brexit | #63
In the summer of 2016, one of the most significant political events in the past 50 years occurred in the UK: the British public voted in a referendum to leave the European Union. The particulars of this decision are still being decided, so the Gwartney Institute team provides, in this episode, an explanation of what is going on and its economic impacts.
35:08
December 30, 2019
Faith and Work with Hugh Whelchel | #62
Hugh Whelchel of the Institute for Faith, Work, and Economics joins us to discuss his book How Then Should We Work?
38:59
December 23, 2019
Faith and Economics in Guatemala | #61
Guillermo Gonzales of Share Guatemala joins the crew for a discussion of the economy of Guatemala and the efforts of groups like Share Guatemala to reduce poverty.
35:16
December 16, 2019
Victor Claar on Fair Trade | #60
We talk with Professor Victor Claar about his research on fair trade coffee, his faith, and economic policy.
48:14
December 9, 2019
Morality of Eating Animals | #59
The crew discusses the moral issues related to eating animals. Should we all be vegan?
31:26
December 3, 2019
Truckonomics with Sarah Ruffcorn - President of Trinity Logistics | #58
We interview Sarah Ruffcorn, President of Trinity Logistics, on the economics of current issues in the trucking industry. Sarah discusses policy issues facing the industry and gives us insights into the relationship between her faith and work!
35:22
November 25, 2019
Menard Family Grant | #57
The crew discusses our newest grant and the opportunities it will provide to Ottawa Students, the University, and the community!
35:45
November 18, 2019
Entrepreneurship with David Price | #56
We talk with Dr. David Price of Washburn University about his research and experience as an entrepreneur.
35:08
November 11, 2019
Not So Forever 21 | #55
What can clothing retailer Forever 21's recent bankruptcy tell us about how markets work? How does corporate bankruptcy work? The crew addresses these issues in today's episode! (recorded October 8, 2019) Links Forever 21 Bankruptcy Signals a Shift in Consumer Tastes Forever 21 to Reportedly Save About 60 Stores Slated for Closing
30:51
November 4, 2019
Economics of Prison Gangs | #54
This episode was recorded on September 6th. Justin, Levi, Russ, and Jacob discuss Jacob's blog post (linked below) on the behavior of prison gangs and what they can tell us about our own economic behavior. Economic Understanding of Prison Gangs by Jacob Maichel
28:33
October 28, 2019
Why Socialism Sucks and What to Do About It | #53
We interview Dr. Paul Cleveland regarding socialism and its surging popularity among young adults and teens. Why is socialism appealing to them? What are some effective ways of educating them on the problems with socialism? Show Notes: The Great Utopian Delusion by Clarence Carson, Paul Cleveland, and L. Dwayne Barney Socialism Sucks! by Robert Lawson and Benjamin Powell
35:32
October 21, 2019
Faith and Finance with Wiley Angell | #52
This week we interviewed Wiley Angell, Senior Portfolio Manager at Ziegler Capital. Wiley discusses his faith, philanthropy, and their connections to his work in finance. 
38:34
October 14, 2019
Professor Hunter Baker on Faith and Politics | #51
Professor Hunter Baker talks with us about important current issues including the current problems facing Cold War conservative/libertarian fusionism, policy issues related to Big Tech, and the importance of culture in politics. Political Thought: A Student's Guide by Hunter Baker and David S. Dockery
46:17
October 9, 2019
Debate - All Drugs Should be Legal | #50
Thank you for listening to our 50th episode! This week we share a debate sponsored by the Gwartney Institute featuring Dr. Levi Russell and Dr. Justin Clarke. Should all drugs be legal? After listening to the debate, tell us what you think! info@gwartneyinstitute.org
45:59
September 30, 2019
Faith and Economics of Cooperative Businesses | #49
The crew engages in a wide-ranging discussion of the cooperative business form. History, policy, efficiency, and comportment with Biblical lessons are all discussed. Show notes: Small is Still Beautiful by Joseph Pearce Mondragon Cenex Harvest States Ace Hardware
32:57
September 23, 2019
P.J. Hill on Stewardship of Creation | #48
This week we interviewed Dr. P.J. Hill, Senior Fellow at the Property and Environment Research Center and Professor Emeritus of Economics at Wheaton College. What can economics tell us about being good stewards of God's creation? Dr. Hill's Site
29:46
September 16, 2019
Is Addiction Profitable? | #47
This week we discuss an article review written by Gwartney Institute Graduate Assistant Jacob Maichel for our blog. The article discusses the notion that many modern inventions profit from our addictive impulses and that, allegedly, the profit motive enhances this suboptimal situation. Should we be concerned? What are the moral issues at play? Limbic Capitalism: Article Review
30:41
September 9, 2019
Tech and the Productivity Slowdown | #46
The crew discusses the role of social media and smart phones in the recent decline in labor productivity. Do smart phones provide a net benefit to our productivity or are they partly to blame for reductions in our productivity growth over the past 10 years? Show notes: Labor Productivity Article B.S. Jobs - NPR
31:12
September 2, 2019
Is Economic Value Subjective? | Ep 45
Professor Justin Clark joins the regular crew to discuss an important philosophical topic: subjectivity in economics. How do philosophers understand the term "subjective" with regard to economics? How do markets play into our ability to apprehend the value of things? Show notes: Why God Has Created Us to Value Different Things - Dr. Anne Bradley
34:21
August 26, 2019
On Tipping with Professor Tony Gill | #44
We interview Professor Tony Gill about his work on the issue of tipping. Why do people give tips to service employees? Why don't employers just pay them more? How do we understand the morality of the institution of tipping? "The Political Origins of Religious Liberty" by Dr. Tony Gill Brief op ed on Dr. Gill's article Dr. Gill's article on tipping Anti-Tipping video Humanomics - Vernon Smith Vernon Smith Episode
35:29
August 20, 2019
Faith and Economics of Recycling | #43
The crew discuss the economics and morality of recycling. Is recycling a good idea? Should it be subsidized? Is recycling local-only or does it cross national boundaries? Links: NPR story mentioned by Russ Popular Mechanics article Mises Institute article 1 Mises Institute article 2 China bars U.S. recycling
31:24
August 12, 2019
The USDA's Move to the Heartland | #42
The crew discusses the economic and moral implications of the federal government's choice to move the USDA's Economic Research Service and National Institute for Food and Agriculture to the Kansas City area. What does this move mean for USDA-ERS and -NIFA employees? Their work? Will the public benefit from this move?
29:05
August 5, 2019
Cooperation in Evil | #41
Russ and Levi discuss the difficulty of participation in evil. Is it wrong to buy products from people who do horrible things? If we invest in companies that do bad things, are we guilty of their bad actions? Cooperation in Evil Chart
29:25
July 29, 2019
On the Obligation to Tithe | #40
The crew tackles the issue of tithing from the perspectives of faith, economics, and community. Are Christians obligated to give a tenth of their income? What economic circumstances make giving difficult or easy?
26:47
July 22, 2019
On Jobs and Automation | #39
The whole crew discusses automation and technological change and how economic policy should address these issues. Tucker Carlson on Ben Shapiro's Sunday Special
37:30
July 15, 2019
Working & Resting on Sunday | #38
Russ, Levi, and Jacyn discuss the prohibition of work on the Sabbath and how we can apply it to our lives. What types of work are prohibited? How should we set economic policy consistent with this commandment? The Sunday Rest video
37:34
July 8, 2019
Reggies Wenyika on His Faith and Zimbabwe's Economy | #37
Russ and Levi interview the President of Ottawa University's home campus on his faith, work, and the history of Zimbabwe. Reggies' charisma and experience as an academic, pastor, and administrator shine through the interview. You will love this one!
46:31
July 1, 2019
Dave Ramsey's Personal Finance | #36
The whole team has an informative conversation on Dave Ramsey's personal finance philosophy and tactics. Russ, who teaches a personal finance course here at Ottawa University, explains Ramsey's system and the rest of the crew ask questions.
42:37
June 25, 2019
Trump's Trade War with China | #35
Note: This episode was recorded on June 3, 2019 Russ and Levi discuss the trade war between President Trump and the Chinese government over the past 9 months. Are tariffs a good idea from a financial and economic perspective? How should we think about the ethical concerns with tariffs from a Christian perspective? CNBC report on tariff impacts
29:12
June 17, 2019
Randall Holcombe on Political Capitalism | #34
Russ and Levi interview Dr. Randall Holcombe of Florida State University. Dr. Holcombe discusses the concepts in his recent book Political Capitalism. Do we live in a free market economy? How does the government interact with the profitability of businesses in the U.S.? Check out our interview and Dr. Holcombe's book for more information!
42:42
June 10, 2019
Jim Gwartney on His Faith and Economics | #33
Russ and Levi interview Dr. Jim Gwartney, our institute's namesake. This is a wide-ranging discussion on Jim's life, experience at Ottawa University, and his opinions on the state of the world economy. Common Sense Economics book
41:34
June 3, 2019
Vernon Smith on Adam Smith | #32
Russ and Levi interview Dr. Vernon Smith, winner of the Nobel Prize in Economics in 2002. Dr. Smith discusses his faith and its impact on his views on economics and social behavior.
40:21
May 27, 2019
Dr. Anne Bradley on Income Inequality | #31
Dr. Anne Bradley of the Institute for Faith, Work, and Economics joins us to discuss income inequality. What should Christians think about income inequality? Is it a pernicious threat or an inevitable and benign characteristic of a free society?
27:46
May 20, 2019
Why Not Federalism? | #30
Russ and Levi discuss the economic and political costs and benefits of federalism in our own time. We draw on the Christian concept of subsidiarity to examine the ethical implications of devolving Federal power to the states!
34:30
May 13, 2019
Christian Ethics of Tariffs | #29
Russ and Levi discuss tariff policy and the costs associated with recent tariffs designed to protect American jobs. How should we evaluate the costs and benefits of tariffs? 
33:19
April 29, 2019
The Universal Destination of Goods | #28
Levi and Russ discuss the concept of the universal destination of goods. What are the limits of property rights? How do we understand moral obligations to help others financially? Show Notes Faith and Economics - Federal Food Programs: Efficiency and Ethics Faith and Economics - Universal Basic Income The Religious Roots of Modern Poverty Policy Lecture by Edward Feser Blog article by Jacyn Dawes
30:23
April 29, 2019
Creighton University Humanomics Event: Adam Smith - Moral Sentiments and the Wealth of Nations | #27
Drs. Maria Pia Paganelli, Derek Yonai, and Michael Thomas join us to discuss Adam Smith's body of work and its implications for the place of economics in social science today.
38:42
April 22, 2019
Government Debt | #26
We dig into the mailbag for this episode! How do economists understand government debt? Can this understanding inform our ethical views of debt? Show Notes: US Debt Clock Dr. Bob Murphy on Intergenerational Debt Burdens
35:52
April 15, 2019
YangBucks | #25
Russ, Levi, and Jacob discuss one of the most popular proposals for a Universal Basic Income. Democrat presidential candidate Andrew Yang's proposed "Freedom Dividend" was recently criticized by the Acton Institute. We provide important commentary on his proposal and Acton's response! Show notes: Acton Institute Blog Post Yang Platform - UBI Universal Basic Income - Faith and Economics Podcast Great Stagnation - Tyler Cowen
30:59
April 8, 2019
Monasticism, Care for the Poor, and Capitalism | #24
We discuss the origins of capitalism in the west. What did early monasteries have to do with it? Were they early entrepreneurs? Show notes: How Caring for the Poor Led to the Beginnings of Capitalism How Progressive is the US Tax Code?
31:14
April 1, 2019
Inflation and Middle Class Life | #23
We discuss an interesting graph of changes in the cost of products and services over the past few decades. Does the increasing cost of health care and education make a normal, prosperous middle class life more difficult? Does the reduction in cost of other things offset this pernicious effect? Show notes: AEI inflation chart Acton institute blog article From Mutual Aid to the Welfare State by David Beito Atlas MD American Association of Physicians and Surgeons
35:23
March 25, 2019
Democratic Socialism and AOC
We discuss the notion of Democratic Socialism and its relationship to Christianity. Should Christians embrace Democratic Socialism? Is this political philosophy, advocated by Alexandria Ocasio-Cortex and Bernie Sanders, a coherent way forward?
28:45
March 18, 2019
Economic Freedom and Happiness
This week we talk with Professor Jeremy Jackson of North Dakota State University about his research on the relationship between economic freedom in the U.S., happiness, and social capital. Are residents of more economically free states happier? Do they form more tight-knit communities? Show notes: Professor Jackson's website Free to be Happy: Economic Freedom and Happiness in US States Economic Freedom and Social Capital
33:03
March 11, 2019
When is Coveting Legal Plunder?
We discuss the concept of legal plunder, first proposed by French philosopher and economist Frederic Bastiat in his tract "The Law." Is there a way to tie this concept to coveting?
39:00
March 4, 2019
Moral Hazard
In this episode, Russ, Jacyn, and Jacob discuss biblical and financial instances of moral hazard, asymmetric information, and "Too Big to Fail." Show notes: Malcolm Gladwell's TED Talk on David and Goliath David and Goliath by Malcolm Gladwell
34:29
February 25, 2019
Is the U.S. a Christian Nation?
This week we discuss the U.S.'s status as a Christian nation. Russ and Levi agree that it currently isn't but arrive at that conclusion from two different angles. The relationship between economic prosperity and religion is a key component of the discussion. Show notes: Socialism Versus the Family - Edward Feser (lecture) The Myth of Religious Violence - William T. Cavanaugh (book) Interview with William T. Cavanaugh on his book
37:02
February 18, 2019
Economics of David and Goliath
We discuss Malcolm Gladwell's unique take on the story of David and Goliath. What can we learn about markets from Gladwell's perspective on this famous story? Show notes Malcolm Gladwell's TED Talk on David and Goliath David and Goliath by Malcolm Gladwell Luigi Zingales on social media antitrust at Free Market Forum
35:46
February 11, 2019
Universal Basic Income
In this episode we discuss the economics and morality of the Universal Basic Income. A Universal Basic Income would guarantee a minimum income to every individual over the age of 21 in the U.S. If you're looking for a brief primer on the subject, listen to this episode! Charles Murray's UBI proposal Text of a debate on UBI between Ed Dolan and Bryan Caplan UBI debate between Bryan Caplan and Will Wilkinson
39:55
February 4, 2019
Economic Freedom Abroad
Jacyn and Dr. McCullough discuss their recent trips abroad to South America and India. Both talk about their experiences in light of the economic freedom (or lack thereof) in the countries they visited!
28:02
January 28, 2019
Kingdom Theology and the Liberal Order
In this episode we discuss the implications of the Kingdom of God on politics. Dr. Rachel Ferguson, a philosopher at Lindenwood University, joins us to help us understand the link between Christianity and liberalism. Show notes: Dr. Rachel Ferguson's Website "Jesus of Nazareth" by Pope Benedict XVI "Rerum Novarum" by Pope Leo XIII "The Righteous Mind" by Jonathan Haidt "Why Liberalism Failed" by Patrick J. Deneen
58:43
January 21, 2019
Economic and Moral Considerations for Community Development
In this episode we discuss community development and the roles of individuals and governments with Dr. Rebekka Dudensing of Texas A&M University. Show Notes Dr. Dudensing's Website The Little Pink House Documentary What is Community Development? People vs Place-Based Development Who Benefits from State and Local Economic Development Policies? Do Cities Make Us More Productive? (agglomeration discussion) Article: "Propping up the boonies, Atlanta’s thankless burden" Response: "Part 2: A Reply to 'Propping up the Boonies, Atlanta's Thankless Burden'"
35:21
January 14, 2019
Piety as a Barrier to Entry
In this episode we discuss the idea that piety - the activities and procedures often practiced by Christians - might be a barrier to entry to Christianity. Some might be put off by these practices and may not want to become Christian because of that. As usual, Dr. Russell takes the opposing view. Show Notes: Bondage of the Will - Martin Luther https://www.amazon.com/dp/B0030N6DIC/ref=cm_sw_r_tw_dp_U_x_za.fCbJADQWH0 Five Proofs for the Existence of God - Edward Feser https://www.amazon.com/dp/B0754MJFMG/ref=cm_sw_r_tw_dp_U_x_pd.fCbGVY6V6G
41:25
January 7, 2019
Opportunity Cost of Keeping the Sabbath Holy
Dr. Terry Griffin of Kansas State University talks about his research on the cost farmers incur to attend weekly church services. Dr. McCullough challenges the group to think about physical labor as a way of giving glory to God. Show Notes: The Cost of Being Faithful: What Do Farmers Give Up to Keep the Sabbath? - Rosburg, Griffin, and Coffey https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3286359
34:25
December 31, 2018
Consumerism, Santa, and Christmas
In this episode we discuss the origins of Santa Claus and the consumerism of the holidays and how we can address it as Christians informed by sound economics. Show notes: Veggie Tales - St. Nicholas, A Story of Joyful Giving https://www.amazon.com/Veggietales-Saint-Nicholas-Joyful-Giving/dp/B002FOFX6U The 5 Love Languages - Gary Chapman https://www.amazon.com/Love-Languages-Secret-that-Lasts-ebook/dp/B00OICLVBI/ref=sr_1_1
30:36
December 24, 2018
Nutritional Insecurity and Poverty
In this episode we discuss nutritional insecurity and access to food. Our guest, Dr. Brandon McFadden, discusses the state of our knowledge of these issues and how they relate to poverty in the US and abroad. Dr. McFadden fills us in on how we as Christians can help solve food insecurity.
33:05
December 17, 2018
Christianity's Cultural Influence
We discuss Hugh Whelchel's book "How Then Should We Work" focusing on Whelchel's notion of a "cultural mandate." Should Christians attempt to influence culture? Should we attempt to use the government to influence culture in Christian ways? Hillbilly Elegy, J.D. Vance http://a.co/d/1JJBxLA Arthur Brooks' TED Talk https://www.ted.com/talks/arthur_brooks_a_conservative_s_plea_let_s_work_together How Then Should We Work, Hugh Whelchel http://a.co/d/ahVuoV9
25:44
December 10, 2018
Christianity and Capitalism
Russ, Levi, and Jacyn discuss Russ's recent appearance on the Virtue in the Wasteland podcast. Is capitalism compatible with Christianity? What do Millennials and iGen think about this? Can markets be relied on to deliver moral results? Virtue in the Wasteland Episode featuring Russ: http://www.virtueinthewasteland.com/episodes/2018/11/1/ep-311-live-from-here-we-still-stand-2018 Capitalism vs Corporatism: https://www.forbes.com/sites/richardsalsman/2011/12/07/capitalism-is-decidedly-not-corporatism-or-cronyism/#7241f87c65e5 Prof. Adrian Vermeule's Lecture on the Invisible Hand and Morality: https://www.youtube.com/watch?v=lVFc5dnz7Cw Externalities (Potato chips): https://www.youtube.com/watch?v=ljrBEdg-QU4 Contestable Markets: https://www.investopedia.com/terms/c/contestablemarket.asp
34:56
December 3, 2018
Economics of a Call To Work: Be Fruitful and Multiply
In this episode we continue our discussion of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can purchase Hugh's book at the link below. amzn.to/2PGZtBE Contact us: info@gwartneyinstitute.org Note: This is a re-upload of a previous episode after some needed edits were made.
39:51
November 26, 2018
Federal Food Programs: Efficiency and Ethics
In this episode we discuss federal food programs and non-profit efforts to alleviate hunger in the U.S. Our guest, Dr. Jeffrey Dorfman, helps us understand the most recent data on the effectiveness of federal food programs. Show notes: Follow our guest on Twitter @DorfmanJeffrey Econtalk Episode on Food Banks http://www.econtalk.org/canice-prendergast-on-how-prices-can-improve-a-food-fight-and-help-the-poor/ Contact us: info@GwartneyInstitute.org
35:50
November 19, 2018
Biblical Success, Economics, and the Culture
We discuss the definitions of a successful life and how economics can inform those definitions. We also discuss Christianity's appropriate role in defining the culture. Show notes: Lenore Skenazy's Website http://www.freerangekids.com/ How Then Should We Work? by Hugh Whelchel http://a.co/d/7KhD0H9 Why Liberalism Failed by Patrick Deneen http://a.co/d/ao9TyF4 Milton Friedman and the Ford Pinto https://youtu.be/lCUfGWNuD3c Contact us: info@gwartneyinstitute.org
30:27
November 12, 2018
Poverty vs Poverty of Spirit
As we are fond of saying here at the Gwartney Institute, Poverty Sucks!. It sucks the life and dignity out of people keeping them from being able to lead lives that flourish. We also have to keep in mind, though, that we are called to poverty of spirit. What does that mean? In this episode we explore this distinction focusing on economic themes such as poverty alleviation and wealth. Show notes: Atlas Shrugged https://amzn.to/2Rw8MFj Into Great Silence https://amzn.to/2OlX6Tk Contact us: info@gwartneyinstitute.org
31:41
November 5, 2018
The Economics of Common Grace vs Saving Grace
In this episode we continue our discussion of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can purchase Hugh's book at the link below. amzn.to/2PGZtBE Contact us: info@gwartneyinstitute.org
32:49
October 31, 2018
Shopping Religions? Economics of Checking Out Christianity First
In this episode we discuss the first part of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can purchase Hugh's book at the link below. https://amzn.to/2PGZtBE Contact us: info@gwartneyinstitute.org
40:28
October 29, 2018