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Economics

These People Are Turning Waste into a Precious Resource

| August 7, 2014 | Economics

These People Are Turning Waste into a Precious Resource
In the debate over economic systems, a fundamental question exists: Is economics a zero-sum game? Generally, proponents of socialism tend to say yes. There is a fixed pie of wealth, so we should make sure that it is split evenly. Proponents of capitalism disagree....
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Tyler Castle
Tyler Castle is the director of AEI's Initiative on Faith & Public Life. He is a graduate of Westmont College and a former John Jay Institute Fellow.

Values & Socialism?

| July 29, 2014 | Economics

Values & Socialism?
The longer people live under socialism, the more their value system erodes. So concludes a recent study of 259 Germans randomly picked to play a simple dice game. Researchers from the University of Munich and Duke University asked participants to throw a die 40 times...
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Michael Hendrix
Michael Hendrix is the director of state and local policy at the Manhattan Institute, where he manages scholars, conducts research, and leads outreach.

Sunk Costs and the Cultural Mandate

| July 21, 2014 | Economics

Sunk Costs and the Cultural Mandate
When we last discussed the topic of “sunk costs,” you might have thought that this is too good to be true. We said that stewardship requires that we understand the economic concept of sunk costs. When you think about commitments you have that are draining your...
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Jacqueline Isaacs
Jacqueline Isaacs is the Director of Strategy for Bellwether Communications, where she crafts content strategies for thought leaders.