Christianity Commons^™

Economics And The Bible, Roger S. Nam

Faculty Publications - Portland Seminary

At its essence, economics is the study of how societies make decisions on the allocation of limited resources. Whether subsistence, capitalist, socialist, or totalitarian, each society faces complex choices regarding the distribution of goods and utilities. In making such choices, economics involves the study of the various allocation processes such as production, consumption, exchange, forecasting, scarcity, and risk. But in all of these activities, economics is observable only through human behavior. Consequently, efforts to isolate economic behavior from social spheres are heuristic at best, misleading at worst. Economic decisions reflect deeper ideological values, hierarchies, and positions of power, often revealed …