Mark and Doug are two Christian economists seeking to combine economics and theology in a fun, thoughtful, and inviting fashion. The name of the blog is a reference to Jesus' admonition to his disciples to be "wise as serpents and innocent as doves" (Matthew 10:16) when going forth into the world. We hope you join the conversation.
Friday, January 7, 2011
Faith and Economics, Indeed!
Here's a great item from an op-ed piece by Veronique de Rugy at Bloomerg:
"For almost two decades, the monks of St. Joseph Abbey in Covington, Louisiana, supported themselves by making and selling unadorned handmade pine and cypress caskets.
But if embalmers and funeral directors in the state of Louisiana have their way, the monks will be barred from earning a living by making coffins without a license issued by a state government board, eight of whose nine members work in the funeral industry.
Business people love to say how much they cherish free markets, all the while decrying government that limits entrepreneurialism and personal freedom.
But the truth is there is nothing most business people like less than free markets."
Also, notice that this is an example of what Doug calls a Retained Earning-Maximizing Non-profit Enterprise being so successful that it attracted the (hostile) attention of its for-profit competitors. To see more about the monks and their business, click here.