Here’s a good word from a BusinessWeek article summarizing Peter Drucker’s insight on how to price a product: Properly pricing a product is no easy exercise. It involves a complex bit of calculus that must take into account not only a business’ up-front investment but also the ongoing costs it expects to incur (as it […]
The Costs of Medical Care
Thomas Sowell does a good job of explaining in a recent column how costs are not reduced simply because you pay them in another form. We are incessantly being told that the cost of medical care is “too high”– either absolutely or as a growing percentage of our incomes. But nothing that is being proposed […]
Five Recommended Books on Theology
This list could get very long, and could be sub-divided into many different areas. So I’ll just limit this list to five of the most helpful and shaping books on the nature of God and the work of redemption that I’ve read. 1. The Pleasures of God by John Piper 2. Systematic Theology: An Introduction […]
This is Not Science
What is contained in the 3,000 emails and documents that were released last week after the Climate Research Unit’s emails were hacked? The Wall Street Journal gives a brief overview, and you can find even more details here. Here’s one part of the overview from the WSJ: Yet even a partial review of the emails […]
Why Third-World Capitalism is Not Flourishing
Here’s a quick statement of the reason, from my notes on the subject: The mystery of capital is this: Assets (property, money, the means of production) are not automatically capital. Capital is like electricity. Until it is there, the assets are dead. Property rights are what close the circuit and bring dead assets to life. […]
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