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A challenging vision for how world poverty can be ended in the next twenty years.

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David Warsh has given us a non-technical survey of the theories of developmental economics from Adam Smith's great work by a similar name down to the present day.
Cal Berkeley's AnnaLee Saxenian has a clear vision of how the global economy is being transformed, and she has revealed it in The New Argonauts (2006, Harvard University Press).

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Dan Wooldridge recommends reading this article by Margaret Atwood on the history and meaning of debt.
Jim Hancock explores the perception of the economic gap in America.
Jim Hancock / Oct 24 2007
Articles

No Problem!

InsideWork's Geoff Finch is headed for some presentations to the finance ministers of a couple of countries that only a few years ago were dedicated socialist regimes. His underlying message to them was going to be that a free market/private enterprise system is a better model than a centrally planned and publicly operated economy. Now he's not so sure he should cite the shining example of the US-style private markets to support his thesis. So what does he present as a good working model?
Geoff Finch / Jan 1 2009
Articles
The current economic crisis is one dramatic earthquake that signals fundamental and massive shifts in the world's "tectonic plates." Globalization, technology, and innovation have outpaced systems created in the last century. One of these shifting "plates" is the rise of Asia.

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Like Jason’s mythic quest for the Golden Fleece, the new economic landscape is being conquered less by policy makers, global investors, and multinational corporate behemoths than by legions of modern day Argonauts –
Geoff Finch, InsideWork's financial expert, returns from doing business in Rwanda. What he experienced there is nothing short of hope for the emergence of a new African economy.
Geoff Finch / Jul 30 2008
Articles
Inspired by a collection Atlantic Magazine reprints under the rubric, "Markets and Morals," Jim Hancock writes, "If behavior measures worldview — if where our feet take us tells us who we truly are — and if, refusing to be content with merely understanding economic climate change, we insist on actually changing the economic climate, then our work is cut out for us."
Jim Hancock / Jan 22 2009
Articles
Dan Wooldridge reflects on what it takes to keep our heads when everyone is losing their's in the midst of the current economic crisis.
Dan Wooldridge writes about the continuing need for men in business to actually understand and practice what it means to give respect to women.
Former Morgan Stanley chief, Phillip Purcell, identifies five lessons bankers must relearn in the 21st Century [the supremacy of profits over revenues, compensation based on sustained results; leverage cuts both ways; diversification; risk management as a business culture]. Geoff Finch describes two more...
Geoff Finch / Apr 29 2010
Articles

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A sourcebook on the hard facts shaping our future. 44 concise analyses.
Dan Wooldridge proposes that the current economic crisis work toward a solution beginning with the debt load of the American household.
Glenn McMahan measures a recent worldwide study on entrepreneurship against reality on the ground in Brazil. What does it take to help early-stage entrepreneurs create truly innovative, sustainable business models in tough economic times?
Glenn McMahan / Apr 28 2009
Articles

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The authors of the acclaimed Future Shock describe how tomorrow's wealth will be created and by whom. They describe how the deep fundamentals such as time, space, and knowledge are different in First, Second, and Third Wave economies.
In the wake of the 2008 financial meltdown, Martin Marty recalls a panel with his former colleague at the University of Chicago, the economist Milton Friedman, and reflects on the finite limits of human virtue, knowledge, power, and security.
Martin Marty / Oct 24 2008
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Capital that is not invested is consumed, in one way or another. ... A family borrows against the increased equity in a house in order to buy a car is living on capital. A city in which the roads, buildings, and parks are deteriorating is doing the same thing. And [...] Herb Schlossberg
No economic system can make people virtuous, it can only provide the occasion for virtue or vice. Morality requires the freedom to act immorally. Capitalism, the system that maximizes human freedom, cannot guarantee a moral society; however, freedom is the necessary condition for a moral society. It is only when a person has choice that he or she can be moral. Edward W Younkins
Dan Wooldridge believes generosity, not taking, should be the heart of economies and businesses. Which spirit drives your business?
Buckle your seat belt. In Part II of The Cause of the Credit Crisis Visually Explained, Jeff Jarvis shows how everything unraveled, and Dan Wooldridge points us to a challenging parable from the mouth of Jesus.

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"Family, social, and community relationships will likely assume a far greater degree of importance in a world of uncertainly, [...] there will almost certainly be a significant rise in the number of extended-family households Michael J. Panzner
Dan Wooldridge points us to this brilliant explanation of the cause of the credit crisis by Jeff Jarvis.
Capital as a Regenerative Force in God's Economy
Certainly the mechanisms of the market offer secure advantages: they help to utilize resources better; they promote the exchange of products; above all they give central place to the person's desires and preferences, which, in a contract, meet the desires and preferences of another person. Nevertheless, these mechanisms carry the risk of an “idolatry” of the market, [...] John Paul II
Nine economic observers recently told the New York Times about the everyday indicators and hunches that check and balance their assessment of the official numbers.
Jim Hancock / Dec 7 2005
Articles

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We've moved from trade between nations to a finely-tuned, interconnected, and highly specialized global economic system. America is so outsourced that an earthquake in Taiwan can bring computer assembly lines to a halt in Texas.

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"The world continues its impetuous run into financialization, a process that assigns a monetary value or transaction to an ever greater share of human activities. Human activity is being captured progressively in financial form. Probably as much as 60-80% of human activity in the Western world is already counted or logged through a financial transaction. Distinguished over the past two centuries, that represents at least a tripling of the role of money. Ron J. Bigalke, Jr., General Editor

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Geoff Finch reviews Arthur C. Brooks' latest book, The Battle, and demonstrates the link to the biblical worldview on the meaning of work.