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Archive Nota Bene Steven Wedgeworth

Analogue Economics and the Nature of Currency

Wes Baker has an insightful post on economics, arguing that the Austrian School improperly commodifies money and thus fails to understand the constitutive nature of a society. He writes: I have often referred to Austrian economics as “analogue economics” (as opposed to “digital”)… What I mean is that this school of economics tends to treat […]

Categories
Archive Nota Bene Steven Wedgeworth

Trading Rand for Röpke

Joel J. Miller believes that Christian economics has more to learn from Wilhelm Röpke than it does from Ayn Rand. Contrasting the two he writes, “…unlike Rand, Röpke grounded his critique of socialism and his defense of free markets in a thoroughly Christian understanding of man and his world.” Mr. Miller points out that Röpke carried out […]