A Discussion of Thomas D. Simpson’s Capitalism versus Socialism “Preface” Some years ago the author of the next book I am going to discuss, Thomas D. Simpson, was asked to give a talk about the different economic systems and which were most compatible with biblical teaching. Out of the research for that talk,…
Tag: Broken Window Fallacy
Why We Bite the Invisible Hand
Bernard Mandeville’s Dark Take on Commerce and the Persistence of Flawed Ideas
Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 6 “Tuesdays with Mandeville” As introduced in the last blog, Bernard Mandeville pioneered writing about the hypocrisy he thought was endemic to commerce that was a conversation happily continued by many to follow. Foster dives…