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Economics in Christian Perspective
Ebook
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Unemployment. Environmental damage. Poverty.
Economists Victor Claar and Robin Klay critically engage mainstream economic theory and policy recommendations to provide guidance for faithfully and responsibly addressing these and other important economic issues. Affirming that a just and prosperous society depends for its continued success on maintaining the right balance of power among three principal spheres--democratic governments, market-organized economies, and strong moral and cultural institutions--Claar and Klay demonstrate how Christian principles and values guide and undergird a flourishing and just economy.
This text is for use in any course needing a survey of the principles of economics.
"Claar and Klay ask how Christians with shared values can affect outcomes in a market-based democratic economy. They expand traditional economic analysis of self-interested consumers, profit-seeking firms and elected governments to include groups of individuals with common interests such as churches and faith-based organizations. They illustrate that the latter, by pooling resources, can influence the production and delivery of desired services such as feeding the poor, sheltering the homeless and healing the sick, locally, nationally and globally within established economic structures."
Robert H. Rasche, Michigan State University
"This book by Victor Claar and Robin Klay is a valuable new contribution to a small but growing and important body of literature on economic thinking and Christian belief. The authors do not advance a unique 'Christian' economic theory, nor do they simply bless every mainstream economic concept with a biblical imprimatur. Instead, they carefully review current economic theory and policy perspectives in light of biblical Christian belief. At times Victor and Robin agree with mainstream economic ideas and at times they suggest thoughtful criticisms of the mainstream. They also take time to address important heterodox economic views in light of their interpretation of biblical principles that bear on each topic.
Extended case studies draw the reader into economic and biblical ways of thinking about important public policy issues. The cases are drawn from everyday life so that the reader can move easily from what we experience in everyday economic life to those topics about which we know less but must render political and economic opinions. They address critical topics such as embracing or protesting market economies, designing effective programs for poor relief, addressing our growing global need for energy, restrictingor encouraging economic development around the world, assessing the government's monetary and fiscal macroeconomic policies, and choosing an optimal level of pollution control.
Victor and Robin write with conviction about their firmly held economic views and with fair-minded care about those questions that remain arguable from several reasonable perspectives. Not every Christian will agree with their views, but most Christians would benefit from confronting their economic reasoning and biblical analysis of crucial issues."
Robert A. Black, Professor of Economics, Houghton College
Preface
1. Christian Faith in Relationship to Economic Activity: Framing the Issues
2. Markets: Mechanisms for Creating Good and Exercising Christian Responsibility
3. Public Finance: The Role of Government in the Provision ofGoods and Services
4. Savior or Leviathan?: The Role of Government in Our Daily Lives
5. Creation Care: Exercising Good Stewardship in the Garden
6. The Big Picture: Issues in Macroeconomic Policy
7. What Do We Know About Monetary and Fiscal Policy?
8. International Economic Relations: Hope for the Third World
9. Work and Vocation: What Is in Your Hand?
10. Rich Man, Poor Man, Beggar Man, Thief: Attending to the Poor or Worrying About Income Gaps?
11. Going Beyond Markets: Renewing Neighborhoods, Reconciling People and Restoring Hope
Epilogue: Nine Big Ideas from Economics That Can Help You Be a Good Steward Every Day
References
Author Index
Subject Index
Scripture Index