by Caleb Fuller
20021 / 138 pages

Every now and again I’ll hand out a book to any nephews or nieces willing to give it a go. And with Caleb Fuller’s No Free Lunch, I’ve found the next book I’m going to pitch to them.

While Fuller addresses six lies, there is one truth he’s trying to present: that every opportunity you pursue, comes at a cost. What cost? The time and money you put into it – and here’s the important part – which can’t then be spent on other opportunities. This “opportunity cost” could be known as the “you-can’t-have-your-cake-and-eat-it-too principle” or, as the book title puts it, “there’s no free lunch.”

So, then, when a government jobs program funds summer work for students, what we see is all the students getting jobs. But what we don’t see is the opportunity cost to this program – we don’t see all the other jobs that companies might have started on their own – and maybe full-time even – had the government not taxed them to fund their summer jobs program.

Fuller shows how much damage is done by the well-meaning, but economically ignorant, and highlights how there is on many issues a consensus among economists on both the Left and Right, that politicians on the Left will simply defy. My only disappointment with this punchy book is that this Christian professor never makes plain why the Left fails, and the free market works. He never mentions how the foundation for the free market – private property rights – is simply obedience to God’s command, “Do not steal” (Ex. 20:15). In fact, God is not mentioned in the whole book.

For a more explicitly Christian economics book sharing this same great name, check out David Bahnsen’s No Free Lunch.