Economics in the Bible

von Paul Choi

186 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

Many people think that there is no or mere connection between economics and the Bible. When people hear that I majored in economics and biblical studies, they wonder why I studied the two quite different fields. Then, they guess that I just gave up what I previously studied (economics) to become a pastor. However, I think that the Bible teaches a lot about economics, which I define the study of decision making by economic agents - an individual, a firm, a market, or a government - in everyday life. Microeconomics is the study of an individual's decision making for him/her and his/her household to maximize utility (that is, satisfaction) and a firm's decision making to maximize its profit. Macroeconomics is the study of a government's decision making for a country as a whole under various situations of employment/unemployment, inflation, business cycles, growth, etc.When we say about an economy, it generally means a situation or a status of a country in terms of employment/unemployment, inflation, gross domestic product (GDP) or consumption, exports/imports, and/or national budget/debts or of a household in its budget and/or consumption. However, in the New Testament, the Greek word, "oikonomia," which corresponds to the English word, "economy," is used more about (managing or governing) activity rather than a situation or a status. Its meanings in the New Testament include "stewardship or the management of the household" (Luke 16:2-4); "mission or dispensation (of spreading the gospel)" (1 Cor. 9:17); and God's plan or dispensation of human salvation" (Eph. 1:10). I believe that God wants his people to be saved not only spiritually but also materially. By "material salvation," I mean that God's people can also be saved materially in this world by learning economics of God - learning how to manage their time, money, and life according to the will of God and his instructions.

• Themen: Wirtschaftswissenschaft, Finanzen, Betriebswirtschaft und Management Wirtschaftswissenschaft Wirtschaftsgeschichte
• ISBN: 9798895320402
• Sprache: Englisch
• Erscheinungsdatum: 05.05.2025
• Größe: 229 x 152 mm
• Verlag: Parson's Porch