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What are the key biblical concepts and principles for making faith-based, economic decisions?

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Entries from May 2008

Concept - Fairness

May 31st, 2008 · No Comments

Proverbs 16:11  The Lord demands accurate scales and balances; he sets the standards for fairness.
There is a moral standard for fairness. Although most people would rather not acknowledge it, their exists a moral agent who is impartial and requires that everyone operator in fairness.
[Draft]

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Tags: G. Fairness

Concept - Private Property

May 31st, 2008 · No Comments

It is generally acknowledged that the Bible establishes clearly the concept of private through God’s issuance of the ten commandments - specificallly, commandment number eight, “Thou shalt not steal.” [Exo 20:15]

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Tags: E. Private Property

A lesson from a certain rich man…

May 30th, 2008 · No Comments

We can learn a stern lesson about money from the story of a certain rich man that Jesus told the Pharisees in Luke 16:19-31.  The Pharisees were strictly religious but they loved money.  And in the context of the Jewish culture of their day, they equated money and material possessions with being under God’s blessing [...]

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Tags: B. Self-Denial · I. Introduction

A Lesson from Zacchaeus…

May 29th, 2008 · No Comments

Luke 19:1 Jesus entered Jericho and made his way through the town. 2 There was a man there named Zacchaeus. He was the chief tax collector in the region, and he had become very rich. 3 He tried to get a look at Jesus, but he was too short to see over the crowd. 4 [...]

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Tags: I. Introduction · Principle 6. Be Generous

Why the Church Should Care about Economics…

May 26th, 2008 · 3 Comments

Economics as a discipline has been deemed “a dismal science.” Yet its impact has far reaching affects to our everyday lives. It under girds the determination of domestic and foreign policy, the allocation of resources, and the standard of living for rich and poor alike.  In moments of inflation crisis, such as what is currently happening with the [...]

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Tags: I. Introduction

Model - Homo gospelicus

May 24th, 2008 · No Comments

One of the most discussed concepts in the discipline of economics is the model of a simplified, rational economic man, “Homo economicus.”  The basic idea is the model of an economic agent acts purely to maximize his personal “utility function” or well-being, at the least amount of work or cost.
There are several debatable issues that have already [...]

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Tags: II. Biblical Economic Concepts

Concept - Time

May 23rd, 2008 · No Comments

Proverbs 23:4  Don’t wear yourself out trying to get rich. Be wise enough to know when to quit. 5  In the blink of an eye wealth disappears, for it will sprout wings and fly away like an eagle.
In making economic choices, the believer must take into consideration the biblical perspective of his or her own [...]

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Tags: D. Time

Concept - Accountability

May 20th, 2008 · 2 Comments

The way traditional economics is taught by compartementalizing “positive” or emperically based decisions versus “normative” or ideology-based decisions is a tool that conspicously frees the agent to make economic choices while seemingly escaping any culpability or moral accountability for those choices.  This presumposition is a lie.  If we make the choices, inherently we are accountable for the consequences. 
Since this [...]

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Tags: H. Accountability

The Richest Man in the World

May 20th, 2008 · No Comments

It all belongs to God. He owns everything.  And the man God says he will bless is the one who is humble and contrite, who trembles at his word.
Isaiah 66:2 My hands have made both heaven and earth; they and everything in them are mine.  I, the Lord, have spoken! “I will bless those who have humble and contrite [...]

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Tags: Principle 2. Be Content

Data Shows Most Believers Practice Gospelism Intuitively

May 20th, 2008 · No Comments

A recent article by a Duke Sociology Professor Lisa A. Keister examines how religion affects the wealth of believers.
Durham, NC — Conservative Protestants tend to save less and accumulate fewer assets than other Americans, and their religious beliefs contribute to their low wealth, according to a new study by a Duke University sociologist.
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Tags: A. Current Events