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Thomas D. Simpson, PH.D.

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Tag: Economy

April 23, 2020 Dr. Thomas D. Simpson COVID-19, Life, The Economy

Job Losses

The number of people filing for unemployment insurance has soared to 26 million over recent weeks—16 percent of our labor force. For some segments of the workforce—restaurant and hotel workers — it is much higher. Still, others have had their hours cut back. For all, this has greatly compounded the anguish of coping with the … Continue reading Job Losses

April 21, 2020 Dr. Thomas D. Simpson COVID-19, The Economy

Today’s Crude Oil Glut

Have you heard that the price of a barrel of crude oil has fallen below $10? At the beginning of the year, it was $60. And it was not that long ago that it was above $100. Crazy! What does this mean? First off, it is telling us that supply has exceeded demand in a … Continue reading Today’s Crude Oil Glut

April 19, 2020April 22, 2020 Dr. Thomas D. Simpson Life, The Economy

The Bible and Economics: Connecting the Two

Is the field of economics in a different sphere from the Bible? For a good part of my professional life, I treated them as such. I found the tools of economics to be extremely useful for addressing the policy problems through which I was working. And I marveled at how well a decentralized, market-based (capitalist) … Continue reading The Bible and Economics: Connecting the Two

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