The Corporate Social Responsibility Distortion

by Dave Gernhard Corporations, business, CEOs, these are terms that in the modern context conjure up images of greed and corruption.  Gone is the layman who risks everything to build an industrial empire for the benefit of the consumer.  Richard Sears, Henry Ford, and Thomas Edison have been replaced by Ken Lay of Enron and […]

Continue Reading...

Pro Sports as a Public Good

By Dave Gernhard The following is taken from a paper submitted by the author for the Austrian Student Scholars Conference at Grove City College on Nov. 3, 2007… … Many different arguments have been used to advocate government funding of professional sports. Roger Noll and Andrew Zimblast write in their book Sports, Jobs, and Taxes, […]

Continue Reading...

The Problem of Nonrivalrous Consumption in the Free Market

by Dave Gernhard A major aspect of public goods theory is the idea of nonrivalrious consumption. This refers to cases where an “individuals’ ability to consume a good or service is not diminished by allowing additional individuals to consume it.”[i] Some simple examples of this are movie theaters or sports arenas. The cinema can admit […]

Continue Reading...

The Problem of Externalities in the Free Market

by Dave Gernhard An externality exists whenever the action of an individual brings added costs or benefits to another individual. Phrased differently, externalities exist when the participants of an action don’t reap all the costs or all the benefits of that action. An example of this can be the nocturnal bagpipe player who waits until […]

Continue Reading...

Can Communism Work in a Perfect World?

By Dave Gernhard Often Christians will argue that Communism is good in theory but that in a fallen world it can never work. Yet Communism, that social theory where governments redistribute the wealth of the citizens, is not only bad in practice, it is sinful in theory. God has established an order in His creation […]

Continue Reading...