Don't Steal: The Government Hates Competition (MP3)

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About the Title: What is the first principle of economics? Some economists will claim that it’s supply and demand, while others insist that it’s scarcity or the division of labor. The first principle of economics is “thou shalt not steal.” Economics is ethical before it is practical.

Almost all modern definitions of economics, like contemporary definitions of “government,” assume that the State, civil government, is the starting point in understanding economic theory and practice. To grasp these, so the argument goes, the role the State plays in economic decision making in the allocation of scarce resources must first be considered. For many, this is a reasonable and moral starting point when resources are scarce and people have needs.

Speaker: Gary DeMar

About the Speaker: Gary DeMar is the President of American Vision. Gary is a graduate of Western Michigan University (1973) and earned his M.Div. at Reformed Theological Seminary in 1979. In 2007, he earned his Ph.D. in Christian Intellectual History from Whitefield Theological Seminary. Author of countless essays, news articles, and more than 27 book titles, he also hosts The Gary DeMar Show, and History Unwrapped—both broadcasted and podcasted.

© 2009