Economics in Christian Perspective: Theory, Policy and Life ChoicesInterVarsity Press, 2007 M07 17 - 255 pages 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. |
Contents
PREFACE | 9 |
CHRISTIAN FAITH IN RELATIONSHIP TO ECONOMIC ACTIVITY | 15 |
MARKETS | 28 |
PUBLIC FINANCE | 49 |
SAVIOR OR LEVIATHAN? | 67 |
CREATION CARE | 89 |
THE BIG PICTURE | 108 |
WHAT DO WE KNOW ABOUT MONETARY AND FISCAL POLICY? | 126 |
INTERNATIONAL ECONOMIC RELATIONS | 143 |
WORK AND VOCATION | 164 |
RICH MAN POOR MAN BEGGAR MAN THIEF | 188 |
GOING BEYOND MARKETS | 213 |
EPILOGUE | 239 |
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activities average called career chap chapter choices CHRISTIAN PERSPECTIVE church consider consumers cost-benefit analysis costs creation dollar earn ecological economics economic growth ECONOMICS IN CHRISTIAN economists employers environmental example families federal firms fiscal policy funds gaps global God’s groups higher Hope College human incentives income increase individuals inflation rates Jesus Keynes Keynesian labor markets Laffer curve less living standards long-term macroeconomic ment monetary policy moral and cultural nations needs neighbors nomic opportunities organizations percent policy actions pollution poor possible potential poverty poverty line production programs Puerto Escondido rational expectations real business cycle reduce religious result rise role skills social benefit society spending spillover spiritual stewardship sunk costs tax rates Third World Third World countries tion trade unemployment United values wage rates workers