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Distilling Economic Literature

Tag: Socialism

Capitalism versus Socialism

Next We See What the Bible Says about the Four Pillars

Dr. Ellen Clardy, February 16, 2024August 18, 2025

Part 2 of A Discussion of Thomas D. Simpson’s Capitalism versus Socialism Chapter 1 “Pillars of Economic Systems” Last blog, I introduced the four pillars and the four economic systems they define. Now, Simpson is looking to the Bible for any direction for answering the four pillars. Pillar 1: Who Owns Property It…

Capitalism versus Socialism

First We Examine the Four Pillars to Define Four Economic Systems

Dr. Ellen Clardy, February 9, 2024August 18, 2025

Part 1 of A Discussion of Thomas D. Simpson’s Capitalism versus Socialism Chapter 1 “Pillars of Economic Systems” It seems like a bold statement to say the Bible can tell us what economic system we should have. In fact, Simpson does not think it can directly, but if we define each economic system…

Capitalism versus Socialism

Does the Bible Have Anything to Say About Our Economy?

Dr. Ellen Clardy, February 2, 2024August 18, 2025

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,…

Why We Bite the Invisible Hand

The Deep, Dark Roots of Politics: Using Others to Help Ourselves

Dr. Ellen Clardy, October 6, 2023August 12, 2025

A Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 13 “The Chimpanzee in the Room: Darwinian Politics” In an earlier chapter, Foster has discussed the origins of the instinct to trade. While trading seems natural to people, the disconnected and abstract modern economic system today challenges our…

Why We Bite the Invisible Hand

The Subconscious Source of Morality Is Driving the Culture Wars

Dr. Ellen Clardy, September 8, 2023August 8, 2025

Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 11 “The Darwin Wars” In the second half of the chapter, Foster turns to the origin of morality and posits it is not a recent innovation but something that is central to mankind. In the…

Why We Bite the Invisible Hand

The Authoritarianism Inherent to Owen’s Utopia

Dr. Ellen Clardy, May 20, 2023August 7, 2025

Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 4 “Dark Satanic Minds” Soon after capitalism was born a couple of hundred years ago, the anti-capitalist movement begins. Specifically, Foster discusses in this chapter Karl Marx and Friedrich Engels’ call for communism and lesser-known Robert Owen’s call for a…

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