This article assesses whether traditional economic models are capable of sufficiently representing the phenomenon of forgiveness in a meaningful manner. We employ the Holy Scriptures of the Christian faith, as well as writings of both Jewish and Christian authors, to consider carefully what...

Students often become frustrated with learning economics not because the economics is too hard, but because they try to grasp the economic device, model, or tool being used at the same time they try to understand the economic theory the device is designed to illuminate. As a result, the tool...

I am quite surprised that the heart of Mr. Myers's response is that we need to slow down and ponder the circumstances of the poor more carefully. I find this stance troubling. We have allowed the global poor to twist in the wind for too long. To make matters worse, we often tell them that they...

While rigidities in nominal factor costs imply a finite slope in the aggregate supply curve, this paper asks, “Do rigidities increase if there is a more competitive economy?” Several authors claim that real rigidities of monopoly power reinforce nominal rigidities due to price adjustment...

This paper revisits Odagiri's (REStat, 1977) estimation of the demand for economics journals. While Odagiri employed 25 (or fewer) titles, the present paper explores the vast and growing universe of economics outlets. To this end the analysis employs circulation data for general and field...

In the years since the heyday of the rational expectations revolution, new economic challenges have presented themselves in ways that some say call that particular paradigm into question — much like the phenomenon of stagflation confounded many good Keynesian professional economists during the...

Today fair trade follows two approaches. One approach, pioneered a half century ago by organizations such as Ten Thousand Villages, works with artisans to share their unique handiwork with potential buyers with whom they otherwise would not connect. Laura Raynolds and Douglas Murray refer to...

Fair trade coffee is a cup half full, according to Raluca Dragusanu, Daniele Giovannucci, and Nathan Nunn in “The Economics of Fair Trade” (Journal of Economic Perspectives, Summer 2014, vol. 28, no. 3, pp. 217–36). We are not persuaded

Although often acknowledged as critically important, the role of the entrepreneur in the modern economy is often underdeveloped or inadequately understood. The reason for this is in large part due to the complex anthropological mysteries that lie at the heart of entrepreneurship. The Christian...

In this entry we summarize the credentialing process for aspiring nurses, and we explore the “nursing shortage” of recent years — discussing the problem from both the nurse's and employer's perspectives