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Faith and Economics

93 EpisodesProduced by Gwartney InstituteWebsite

In Faith and Economics, economics professors Dr. Russ McCullough and Dr. Levi Russell discuss big issues that impact economic freedom and human flourishing from a Christian perspective. This podcast is an initiative of the Gwartney Institute at Ottawa University.For more information, contact us at i… read more

93 Episodes | 2018 - 2020

Hedonism –Is it Christian | #93

August 3rd, 2020


The Gwartney Institute talks about the ethical theory of Hedonism. Is it true or is it false? Dr. Justin Clarke trys to bring Dr. McCullough and Dr. …

Peter Jacobsen –Perspectives on Faith and Economics | #92

July 27th, 2020


The Gwartney Institute welcomes Peter Jacobsen to the team. Hearing about his journey of faith and economics. 

Free Will Skeptics -Are we better off? | #91

July 20th, 2020


This week the Gwartney team is applying their conversations on the 3 positions of free will (Determinism, Libertarianism, and Compatibilism) to real life examples.

Free Will Part 3 - Compatibilism | #90

July 13th, 2020


This week the Gwartney professors covered part 3 of the theory of free will; compatibilism 

Free Will Part 2 - Libertarianism | #89

July 6th, 2020


This week the Gwartney professors covered part 2 of the theory of free will; libertarianism

Free Will, Faith and Philosophy - Part 1 | #88

June 29th, 2020


Our two professors sat down this week to discuss part one of three on the theory of free will; determinism. 

Looting - Thou Shalt Not Steal | #87

June 25th, 2020


The Gwartney team discusses government and police response to the instances of looting that have occurred during the recent protest and what the …

Militarization of the Police | #86

June 15th, 2020


The Gwartney Institute tackles the hot topic of militarization of the police using the "Campaign Zero" policies from 2015. 

Visible and Invisible - Drs. Dirk Mateer and Charity-Joy Acchiardo | #85

June 8th, 2020


Drs. Dirk and Charity-Joy join the Gwartney team to discuss how economists can get swept up in visible information and miss some key invisible information in the decision-making process.

The Trolley Problem, What Would Jesus Do? | #84

June 3rd, 2020


The Gwartney team dives into the philosophical trolley problem and discuss why people struggle with different scenarios. 

Debit Forgiveness for Everyone? Charles Bryfogle | #83

May 18th, 2020


Charles Bryfogle joins the Gwartney team to discuss debt forgiveness and Christian jubilee as a potential solutions for economic collapse. 

Morality and mechanics about how the government will pay for Covid | #82

May 11th, 2020


The week the Gwartney teams discusses the morality and mechanics behind how the government is paying the stimulus for covid. 

Personal Finance Virtues During Hard Times-The Dave Ramsey Approach | #81

May 4th, 2020


With the stimulus payments from the government it raises the question, "What would Dave Ramsey do during these hard times?"

Oil and Jesus - Is there a connection? | #80

April 27th, 2020


The oil industry has hit a slump in recent months.  The Gwartney Institute team discusses the complexities of the oil market and its connection to Jesus. 

Dr. Rachel Ferguson | #79

April 20th, 2020


Rachel Ferguson joins the Gwartney team for a second time to discuss her family's personal experience with the corona virus. 

Russ Roberts | #78

April 13th, 2020


Economist Russ Roberts joins the Gwartney team to discuss his book "How Adam Smith Can Change Your Life", the current Corona virus pandemic, and other interesting topics. 

Changing Beliefs | #77

April 6th, 2020


Changing beliefs can be difficult, admitting you were wrong more so.  The Gwartney team discusses this issue and then goes through some of their own …

Corona Virus Part 2 | #76

March 30th, 2020


The Gwartney Institute covers the new developments in the Corona Virus and the effects it is having on the economy, including price gouging. 

Corona Virus | #75

March 23rd, 2020


With the growing concern of the corona virus crisis, the Gwartney team discusses the ethics behind social distancing and the problems it is causing for businesses. 

National Debt | #74

March 16th, 2020


The Gwartney team co-hosted a debate over the national debt. This podcast reviews some of the highlights from the debate. 

Are Economists Immoral? | #73

March 9th, 2020


Economists get a bad rap for promoting a capitalist system. This week the professors take on the question, are economists immoral?

Home Economics | #72

March 2nd, 2020


This week the Gwartney Institute discusses how the family plays a role in economics. 

God is a Capitalist | #71

February 24th, 2020


The Gwartney Institute interviews Roger McKinney about his intriguing book called "God is a Capitalist."

Urbit and Your Online Identity | #70

February 17th, 2020


Social media gives third parties power over our online identities. The Gwartney Institute takes a look at how Urbit might provide an alternative platform.

Computer Simulation | #69

February 10th, 2020


As technology advances, the line between computers and life becomes thinner giving the Gwartney Institute an interesting topic that will keep …

Chile's Economic Freedom | #68

February 3rd, 2020


With civil unrest growing in Chile due to inequality, the Gwartney team looks to the benefits of Chile's high economic freedom for answers. 

Organ Lottery | #67

January 27th, 2020


This episodes sheds new light on utilitarianism by bringing up the option for an organ lottery.  

New Year Resolutions | #66

January 20th, 2020


The Gwartney Institute examines how New Years Resolutions affect different industries and shed a little light on their own resolutions. 

Regulatory Impact on Consumers | #65

January 13th, 2020


This week the Gwartney Institute tackles how regulations can cause a negative tax on the poor. 

Economics on Everest | #64

January 6th, 2020


From Jon Krakauer's autobiography of the 1996 disaster on Mount Everest to the modern day over-crowding at the summit, this episode uncovers the economics of how commercialization has changed the supply and demand in …

On Brexit | #63

December 30th, 2019


In the summer of 2016, one of the most significant political events in the past 50 years occurred in the UK: the British public voted in a referendum …

Faith and Work with Hugh Whelchel | #62

December 23rd, 2019


Hugh Whelchel of the Institute for Faith, Work, and Economics joins us to discuss his book How Then Should We Work?

Faith and Economics in Guatemala | #61

December 16th, 2019


Guillermo Gonzales of Share Guatemala joins the crew for a discussion of the economy of Guatemala and the efforts of groups like Share Guatemala to reduce poverty.

Victor Claar on Fair Trade | #60

December 9th, 2019


We talk with Professor Victor Claar about his research on fair trade coffee, his faith, and economic policy.

Morality of Eating Animals | #59

December 3rd, 2019


The crew discusses the moral issues related to eating animals. Should we all be vegan?

Truckonomics with Sarah Ruffcorn - President of Trinity Logistics | #58

November 25th, 2019


We interview Sarah Ruffcorn, President of Trinity Logistics, on the economics of current issues in the trucking industry. Sarah discusses policy …

Menard Family Grant | #57

November 18th, 2019


The crew discusses our newest grant and the opportunities it will provide to Ottawa Students, the University, and the community!

Entrepreneurship with David Price | #56

November 11th, 2019


We talk with Dr. David Price of Washburn University about his research and experience as an entrepreneur.

Not So Forever 21 | #55

November 4th, 2019


What can clothing retailer Forever 21's recent bankruptcy tell us about how markets work? How does corporate bankruptcy work? The crew addresses these issues in today's episode! (recorded October 8, 2019)

Forever …

Economics of Prison Gangs | #54

October 28th, 2019


This episode was recorded on September 6th.
Justin, Levi, Russ, and Jacob discuss Jacob's blog post (linked below) on the behavior of prison gangs and what they can tell us about our own economic behavior.

Economic …

Why Socialism Sucks and What to Do About It | #53

October 21st, 2019


We interview Dr. Paul Cleveland regarding socialism and its surging popularity among young adults and teens. Why is socialism appealing to them? What …

Faith and Finance with Wiley Angell | #52

October 14th, 2019


This week we interviewed Wiley Angell, Senior Portfolio Manager at Ziegler Capital. Wiley discusses his faith, philanthropy, and their connections to …

Professor Hunter Baker on Faith and Politics | #51

October 9th, 2019


Professor Hunter Baker talks with us about important current issues including the current problems facing Cold War conservative/libertarian …

Debate - All Drugs Should be Legal | #50

September 30th, 2019


Thank you for listening to our 50th episode! This week we share a debate sponsored by the Gwartney Institute featuring Dr. Levi Russell and Dr. …

Faith and Economics of Cooperative Businesses | #49

September 23rd, 2019


The crew engages in a wide-ranging discussion of the cooperative business form. History, policy, efficiency, and comportment with Biblical lessons …

P.J. Hill on Stewardship of Creation | #48

September 16th, 2019


This week we interviewed Dr. P.J. Hill, Senior Fellow at the Property and Environment Research Center and Professor Emeritus of Economics at Wheaton …

Is Addiction Profitable? | #47

September 9th, 2019


This week we discuss an article review written by Gwartney Institute Graduate Assistant Jacob Maichel for our blog. The article discusses the notion …

Tech and the Productivity Slowdown | #46

September 2nd, 2019


The crew discusses the role of social media and smart phones in the recent decline in labor productivity. Do smart phones provide a net benefit to …

Is Economic Value Subjective? | Ep 45

August 26th, 2019


Professor Justin Clark joins the regular crew to discuss an important philosophical topic: subjectivity in economics. How do philosophers understand …

On Tipping with Professor Tony Gill | #44

August 20th, 2019


We interview Professor Tony Gill about his work on the issue of tipping. Why do people give tips to service employees? Why don't employers just pay them more? How do we understand the morality of the institution of …

Faith and Economics of Recycling | #43

August 12th, 2019


The crew discuss the economics and morality of recycling. Is recycling a good idea? Should it be subsidized? Is recycling local-only or does it cross …

The USDA's Move to the Heartland | #42

August 5th, 2019


The crew discusses the economic and moral implications of the federal government's choice to move the USDA's Economic Research Service and National …

Cooperation in Evil | #41

July 29th, 2019


Russ and Levi discuss the difficulty of participation in evil. Is it wrong to buy products from people who do horrible things? If we invest in …

On the Obligation to Tithe | #40

July 22nd, 2019


The crew tackles the issue of tithing from the perspectives of faith, economics, and community. Are Christians obligated to give a tenth of their …

On Jobs and Automation | #39

July 15th, 2019


The whole crew discusses automation and technological change and how economic policy should address these issues.

Tucker Carlson on Ben Shapiro's …

Working & Resting on Sunday | #38

July 8th, 2019


Russ, Levi, and Jacyn discuss the prohibition of work on the Sabbath and how we can apply it to our lives. What types of work are prohibited? How …

Reggies Wenyika on His Faith and Zimbabwe's Economy | #37

July 1st, 2019


Russ and Levi interview the President of Ottawa University's home campus on his faith, work, and the history of Zimbabwe. Reggies' charisma and experience as an academic, pastor, and administrator shine through the …

Dave Ramsey's Personal Finance | #36

June 25th, 2019


The whole team has an informative conversation on Dave Ramsey's personal finance philosophy and tactics. Russ, who teaches a personal finance course …

Trump's Trade War with China | #35

June 17th, 2019


Note: This episode was recorded on June 3, 2019

Russ and Levi discuss the trade war between President Trump and the Chinese government over the past 9 months. Are tariffs a good idea from a financial and economic …

Randall Holcombe on Political Capitalism | #34

June 10th, 2019


Russ and Levi interview Dr. Randall Holcombe of Florida State University. Dr. Holcombe discusses the concepts in his recent book Political Capitalism

Jim Gwartney on His Faith and Economics | #33

June 3rd, 2019


Russ and Levi interview Dr. Jim Gwartney, our institute's namesake. This is a wide-ranging discussion on Jim's life, experience at Ottawa University, and his opinions on the state of the world economy.

Common Sense …

Vernon Smith on Adam Smith | #32

May 27th, 2019


Russ and Levi interview Dr. Vernon Smith, winner of the Nobel Prize in Economics in 2002. Dr. Smith discusses his faith and its impact on his views on economics and social behavior.

Dr. Anne Bradley on Income Inequality | #31

May 20th, 2019


Dr. Anne Bradley of the Institute for Faith, Work, and Economics joins us to discuss income inequality. What should Christians think about income …

Why Not Federalism? | #30

May 13th, 2019


Russ and Levi discuss the economic and political costs and benefits of federalism in our own time. We draw on the Christian concept of subsidiarity …

Christian Ethics of Tariffs | #29

April 29th, 2019


Russ and Levi discuss tariff policy and the costs associated with recent tariffs designed to protect American jobs. How should we evaluate the costs …

The Universal Destination of Goods | #28

April 29th, 2019


Levi and Russ discuss the concept of the universal destination of goods. What are the limits of property rights? How do we understand moral obligations to help others financially?

Show Notes

Faith and Economics - …

Creighton University Humanomics Event: Adam Smith - Moral Sentiments and the Wealth of Nations | #27

April 22nd, 2019


Drs. Maria Pia Paganelli, Derek Yonai, and Michael Thomas join us to discuss Adam Smith's body of work and its implications for the place of economics in social science today.

Government Debt | #26

April 15th, 2019


We dig into the mailbag for this episode! How do economists understand government debt? Can this understanding inform our ethical views of debt?

YangBucks | #25

April 8th, 2019


Russ, Levi, and Jacob discuss one of the most popular proposals for a Universal Basic Income. Democrat presidential candidate Andrew Yang's proposed …

Monasticism, Care for the Poor, and Capitalism | #24

April 1st, 2019


We discuss the origins of capitalism in the west. What did early monasteries have to do with it? Were they early entrepreneurs?

Show notes:

How Caring for the Poor Led to the Beginnings of Capitalism

How Progressive is …

Inflation and Middle Class Life | #23

March 25th, 2019


We discuss an interesting graph of changes in the cost of products and services over the past few decades. Does the increasing cost of health care and education make a normal, prosperous middle class life more …

Democratic Socialism and AOC

March 18th, 2019


We discuss the notion of Democratic Socialism and its relationship to Christianity. Should Christians embrace Democratic Socialism? Is this political …

Economic Freedom and Happiness

March 11th, 2019


This week we talk with Professor Jeremy Jackson of North Dakota State University about his research on the relationship between economic freedom in the U.S., happiness, and social capital. Are residents of more …

When is Coveting Legal Plunder?

March 4th, 2019


We discuss the concept of legal plunder, first proposed by French philosopher and economist Frederic Bastiat in his tract "The Law." Is there a way to tie this concept to coveting?

Moral Hazard

February 25th, 2019


In this episode, Russ, Jacyn, and Jacob discuss biblical and financial instances of moral hazard, asymmetric information, and "Too Big to Fail."

Is the U.S. a Christian Nation?

February 18th, 2019


This week we discuss the U.S.'s status as a Christian nation. Russ and Levi agree that it currently isn't but arrive at that conclusion from two different angles. The relationship between economic prosperity and …

Economics of David and Goliath

February 11th, 2019


We discuss Malcolm Gladwell's unique take on the story of David and Goliath. What can we learn about markets from Gladwell's perspective on this …

Universal Basic Income

February 4th, 2019


In this episode we discuss the economics and morality of the Universal Basic Income. A Universal Basic Income would guarantee a minimum income to …

Economic Freedom Abroad

January 28th, 2019


Jacyn and Dr. McCullough discuss their recent trips abroad to South America and India. Both talk about their experiences in light of the economic …

Kingdom Theology and the Liberal Order

January 21st, 2019


In this episode we discuss the implications of the Kingdom of God on politics. Dr. Rachel Ferguson, a philosopher at Lindenwood University, joins us …

Economic and Moral Considerations for Community Development

January 14th, 2019


In this episode we discuss community development and the roles of individuals and governments with Dr. Rebekka Dudensing of Texas A&M University.

Piety as a Barrier to Entry

January 7th, 2019


In this episode we discuss the idea that piety - the activities and procedures often practiced by Christians - might be a barrier to entry to Christianity. Some might be put off by these practices and may not want to …

Opportunity Cost of Keeping the Sabbath Holy

December 31st, 2018


Dr. Terry Griffin of Kansas State University talks about his research on the cost farmers incur to attend weekly church services. Dr. McCullough …

Consumerism, Santa, and Christmas

December 24th, 2018


In this episode we discuss the origins of Santa Claus and the consumerism of the holidays and how we can address it as Christians informed by sound …

Nutritional Insecurity and Poverty

December 17th, 2018


In this episode we discuss nutritional insecurity and access to food. Our guest, Dr. Brandon McFadden, discusses the state of our knowledge of these issues and how they relate to poverty in the US and abroad. Dr. …

Christianity's Cultural Influence

December 10th, 2018


We discuss Hugh Whelchel's book "How Then Should We Work" focusing on Whelchel's notion of a "cultural mandate." Should Christians attempt to …

Christianity and Capitalism

December 3rd, 2018


Russ, Levi, and Jacyn discuss Russ's recent appearance on the Virtue in the Wasteland podcast. Is capitalism compatible with Christianity? What do Millennials and iGen think about this? Can markets be relied on to …

Economics of a Call To Work: Be Fruitful and Multiply

November 26th, 2018


In this episode we continue our discussion of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can …

Federal Food Programs: Efficiency and Ethics

November 19th, 2018


In this episode we discuss federal food programs and non-profit efforts to alleviate hunger in the U.S. Our guest, Dr. Jeffrey Dorfman, helps us understand the most recent data on the effectiveness of federal food …

Biblical Success, Economics, and the Culture

November 12th, 2018


We discuss the definitions of a successful life and how economics can inform those definitions. We also discuss Christianity's appropriate role in …

Poverty vs Poverty of Spirit

November 5th, 2018


As we are fond of saying here at the Gwartney Institute, Poverty Sucks!. It sucks the life and dignity out of people keeping them from being able to lead lives that flourish. We also have to keep in mind, though, that …

The Economics of Common Grace vs Saving Grace

October 31st, 2018


In this episode we continue our discussion of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can …

Shopping Religions? Economics of Checking Out Christianity First

October 29th, 2018


In this episode we discuss the first part of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can …

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