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Economics

Where Did Our Trust Go?

In my previous blog post, I made the argument that a free market system relies on relationships of trust in order to coordinate the abilities of producers to serve the real needs and wants of consumers. However, there is a non-trivial sense in the American public...

Fueled by Trust: Why the free-market system doesn’t depend on greed

When most people think of free markets, their first inclinations do not usually fall to their recent trip to the grocery store or to a conversation they had at the farmers market. Many instead characterize free enterprise as an engine of exploitation and inequality...

Problems Recruiting a Reverend? An Economic Perspective on the Market for American Clergy

Grant Seiter was a 2018-2019 Young Scholar Awards Program recipient. He is currently a senior at Baylor University, majoring in economics and finance. An increasing number of American pastors such as Ed Young, Rick Warren, and Joel Osteen have amassed sizeable incomes...