About Mark W. Hendrickson

Dr. Mark W. Hendrickson is a retired adjunct faculty member, economist, and fellow for economic and social policy with the Institute for Faith and Freedom at Grove City College.

The Paradox of Prosperity

In Friedrich Hayek’s 1954 book Capitalism and the Historians, the late French philosopher and political economist Bertrand de Jouvenel noted a baffling historical trend: “Strangely enough, the fall from favor of the money-maker coincides with an increase in his social … Continue reading

The Real Christmas

Amidst this season of gift-giving and merry-making, let’s ponder three remarkable aspects of the nativity of the baby Jesus two millennia ago. #1. Birth to a virgin. To atheistic materialism, this seems like a fairy tale. Spiritually, though, what could … Continue reading

What’s Wrong with a Tax on Billionaires?

Among the many radical economic plans offered by various Democratic presidential candidates, Senators Bernie Sanders and Elizabeth Warren have proposed an annual wealth tax on billionaires (and other “ultra-rich” Americans). Sanders has bluntly stated, “There should be no billionaires.” These … Continue reading

Is the Federal Reserve Apolitical?

President Donald Trump has had (what else?) a publicly tempestuous relationship with the Federal Reserve System. Fed Chairman Jerome Powell has adhered to the Fed’s official traditional position of being apolitical. Typical of Powell’s statements is the unequivocal assertion, “Political considerations … Continue reading

When Humans Don’t Procreate

The “hook” of the story intrigued me: “This hasn’t happened in all of modern history…” An email from “The Crux” last month blared, “Global population growth to virtually stop by 2100.” According to a Pew Research Center analysis, “the world’s … Continue reading