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In macroeconomics, investment "consists of the additions to the nation's capital stock of buildings, equipment, software, and inventories during a year" [1] or, alternatively, investment spending — "spending on productive physical capital such as machinery and construction of buildings, and on changes to inventories — as part of total ...
- Economics and Human Nature
- Capitalism: Foundations
- Capitalism: Economic Criticisms
- Capitalism: Moral Critiques
When we are looking at either theories of government or theories of economics, an important starting point is our view of human nature. This helps us analyze these theories and predict their possible success in society. Therefore, we must go to the Scriptures to evaluate the very foundation of each economic theory. First, the Bible says that human ...
Capitalism had its beginning with the publication of The Wealth of Nations,written by Adam Smith in 1776. He argued that the mercantile economic system working at that time in Great Britain was not the best economic foundation. Instead, he argued that the wealth of nations could be increased by allowing the individual to seek his own self-interest ...
The first economic criticism is that capitalism leads to monopolies. These develop for two reasons: too little government and too much government. Monopolies have occurred in the past because government has not been willing to exercise its God-given authority. Government finally stepped in and broke up the big trusts that were not allowing the free...
One of the first moral arguments against capitalism involves the issue of greed. And this is why many Christians feel ambivalent towards the free enterprise system. After all, some critics of capitalism contend that this economic system makes people greedy. To answer this question we need to resolve the following question. Does capitalism make peop...
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Apr 1, 1998 · In order to adequately answer the question "What is an expressly Biblical approach to economics," we must start with fundamentals. First, we must remind ourselves what the study of economics deals with: it deals with man. It deals with how man acts economically in the world that God created. Second, we must define it.
Economics is defined as, “The principles that control the production, distribution, and consumption of the material means of satisfying human desires.”. Nothing in this definition talks about the God “from Whom all blessings flow.”.
The path to wealth and prosperity for a culture. Cause-and-Effect. Supply and Demand. Economic control systems vs economic freedom systems. The Biblical view of: Work, stewardship, markets, inflation, investing, inheritances, equity, monopolies, productivity, profit, money, businesses, charity, resources, and wealth. Enroll Now.
Dr. Dave Arnott and Dr. Sergiy Saydometov wrote a book to help Christians navigate how to engage biblically in the world of economics. Biblical Economic Policy: A Useful Guide to a Christian Perspective on Economics | Campus News | Dallas Baptist University
May 9, 2018 · You may be surprised to learn that saving is actually encouraged in the Bible. Scripture condones saving for known, anticipated needs in the future (Gen. 41; Prov. 6:6–11; Prov. 21:5; Prov. 21:20). The Bible teaches that it’s possible to wisely save and invest for the future while also being “rich toward God” by “storing up treasures ...
