1. I don't know much about Common Good RVA but I like their vision. Christianity Today published a piece featuring them, Why the Rest of Your Week Matters to God
"In general, the church has done a fine job equipping Christians for the "private" areas of their lives: prayer, morality, family life, and so on. However, in general, the church has done a poor job equipping people for the "public" parts of their lives: namely, their work, their vocation. The reality is, most people spend the majority of their time in this latter, "public" area."
And I like this video clip:
2. Can we Survive Technology? Written 57 years ago, Fortune resurrected this article by John von Neumann. The editor's note begins:
Editor's note: Every Sunday, Fortune publishes a favorite story from our magazine archives. This week, to mark our Future Issue, we turn to a feature from June 1955 by John von Neumann tackling the profound questions wrought by radical technical advancement—in von Neumann's day the atomic bomb and climate change. von Neumann was one of the twentieth century's greatest and most influential geniuses. The polymath and patron saint of Game Theory was instrumental in developing America's nuclear superiority toward the end of World War II as well as in framing the decades-long Cold War with the Soviet Union. In his time, von Neumann was said to possess "the world's greatest mind." Here is his characteristically pessimistic look on what the future holds.
It is amazing how much of what he wrote remains true today!
3. Human beings are notoriously bad at evaluating probability and risk I hope to do some blogging on this in the not too distant future. For now, Business Insider has 'The Birthday Problem' Shows How Terrible We Are At Estimating Probability.
4. The Atlantic reports on a study concluding Wanting Things Makes Us Happier Than Having Them
"CONCLUSION: Although "materialists' perceptions that acquisition brings them happiness appear to have some basis in reality," that happiness is short-lived, Richins concluded. As such, "The state of anticipating and desiring a product may be inherently more pleasurable than product ownership itself.""
5. One of the most difficult topics to understand in economics is comparative advantage, especially why outsourcing jobs to other countries often is advantageous for both countries. Forbes has a creative piece this week, Is Outsourcing American Jobs Wrong?. However, as the BBC reports American manufacturers come back home, a trend that has been true for a few years now.
"In order to fight that perception and reclaim capitalism and business as positive words, businesses have to find a purpose beyond just making money. Profit is necessary for business, Mackey said, but it's necessary in the same way that his body has to produce red blood cells. It's needed, but it's not the sole purpose."
7. Fortune has a great piece on Why innovation is so hard.
"Most business leaders don't understand what makes innovation so different from everything else they do at work -- and they haven't adjusted their behavior to accommodate these differences."
8. We've all been watching Lance Armstrong this week. Beware! Study Finds That Having Power Can Make You Stupid
9. More on the continuing evolution of the print industry in The Growing Adoption of Creative Commons Textbooks and Nation's First Bookless Public Library Could Be in Texas.
"The science fiction vision of stars flashing by as streaks when spaceships travel faster than light isn't what the scene would actually look like, a team of physics students says.
Instead, the view out the windows of a vehicle traveling through hyperspace would be more like a centralized bright glow, calculations show. ..."
That's all for this week. Like the Kruse Kronicle at Facebook.