In a recent Center for American Progress report, Robert Shireman argues that the pursuit of accounting profits in the postsecondary education market is a recipe for moral hazard that needs to be heavily regulated by the state. I penned a response to Shireman's paper for the July/August edition of Career College Central magazine, arguing that Shireman's conclusions are based on misconceptions about the profit motive in higher education. Here is a link to the essay.
(1) William Easterly's interview with Christianity Today. In discussing his new book, The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (2014), Easterly focuses on the moral issues of international aid and development. Easterly suggests that faith-based NGO's may be more effective at improving the lives of the impoverished in foreign countries than secular NGO's because those selecting to work in the former may not be so prone to succumbing to the principle-agent problem because of their faith in God.
(2) Charles Koch's Op-Ed for the Wall Street Journal provides valuable insight on his commitment to promoting a free society, as evidenced by he and his brother's philanthropic activities. Koch describes why he and his brother are often demonized by those aligned with the political left, mainly that these opponents are collectivists who believe that government is more capable of engineering a better society than free individual making their own decisions; while Koch's position is that "Collectivists...promise heaven but deliver hell."
Assistant Professor of Economics at Patrick Henry College.