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Stewardship

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...

No Really, There Is No Free Lunch

In our previous discussion about sunk costs, we said that we ought to consider the sunk costs compared to the future value and the opportunity costs. This process is essential to helping us be good stewards of our resources. While we discussed future value a bit, we...