[1] The bursting housing bubble and subsequent recession has renewed interest in macroeconomic stabilization policy among economists and non-economists alike. With politicians feeling pressure from constituents, government action appears to be inevitable. Daily newscasts bring word of new policies aimed at curing the nation’s economic woes. The most popular proposals involve boosting aggregate demand through […]
[1] I have ambivalent thoughts about the current efforts to address the economic recession in the United States, and, by extension, the world, since it is abundantly clear that economic contractions in the United States dramatically affect the rest of the world. On the one hand, I certainly would like to see my pension accumulations […]
In a companion article, I examined how the current recession compares with previous U.S. recessions, and explored the reasons why the economy is in its current state. In this article, I describe and explain the various remedies by which the federal government is attempting to slow the economy’s downturn. What is being done to turn […]
February 2009: Human Rights and Family (Double Issue) (Volume 9 Issue 2)
Introduction [1] The right to property stands at the cusp of legal and economic rights in the Universal Declaration of Human Rights.[1] It also stands, therefore, at the cusp of personal life and the public dimensions of life lived in the economic and political spheres of society. Enjoying a right to property is not only […]
February 2009: Human Rights and Family (Double Issue) (Volume 9 Issue 2)
[1] “Sex, Marriage and Family:” that’s the title of the LCA social statement from 1970.[1] I always wondered if this was the table of contents for the document – or a description of the way life really works. The ambiguity was delicious. In either case, “family” came last. It was almost an afterthought. That is […]
September 2007: Economics (Volume 7 Issue 9)
[1] Many taxpayers have grudgingly acquiesced to paying federal, state and local taxes because of Jesus’ counsel to “render therefore to Caesar the things that are Caesar’s.”[1] In a representative democracy like the United States, however, this direction becomes much more complex because the taxpayer bears some responsibility for the form and degree of taxation […]
September 2007: Economics (Volume 7 Issue 9)
[1] The question of to whom does wealth belong is not one that most economists would be comfortable answering except in the most trivial sense. Trivially we would answer that wealth belongs – well – to those who own it. Aside from being rather circular in its logic, this reply does not get at the […]
January 2006 (Volume 6 Issue 1)
“For to steal is nothing else than to get possession of another’s property wrongfully, which briefly comprehends all kinds of advantage in all sorts of trade to the disadvantage of our neighbor. To steal is to signify not only to empty our neighbor’s coffer and pockets, but to be grasping in the market…, wherever there […]
[1] It is a pleasure to be a part of this convocation dealing with “The Church and Public Witness.” This has long been an issue for Lutherans, stemming from its history in Europe and, to a lesser degree, in the United States. [2] Today I want to tell part of that history in the hope […]
December 2003 (Volume 3 Issue 12)
[1] I have been asked to discuss resources in the Lutheran tradition that might undergird resistance to neo-liberal globalization.1 This paper explores four interrelated theological streams running through the work of Martin Luther.2 They are his eucharistic economic ethics, his theology of Christ indwelling creation, his refusal to minimize the pervasiveness of sin in human […]
