Every Sunday, I will share a quote from something I’ve been reading. The hope is for you, dear reader, to share your thoughts on the quote and related issues and perhaps pick up some reading material along the way!
A Biblical Answer to Economic Woes?
I’m reading The Poverty of Nations: A Sustainable Solution by Wayne Grudem (theologian) and Barry Asmus (economist). In it, they propose a solution to solving the world’s national economic problems from both an economic and biblical perspective:
The goal of this book is to provide a sustainable solution to poverty in the poor nations of the world, a solution based on both economic history and the teachings of the Bible.
The introduction sounds great, but I admit that I’m a bit skeptical about its scope. Is it really the case that the Bible may be treated as an economics textbook? Or perhaps the point is, instead, that we are to care for the poor and the rest is all economic theory. Anyway, it raises two primary concerns for me:
1. Does the Bible actually propose any sort of economic policy or am I going to get a bunch of verses pulled out of context to make the Bible into an econ textbook?
2. Is there such a thing as a list of 78 factors (the authors identified this many factors as essential to economic growth and stability) that could be applied to all countries everywhere and somehow solve all economic problems?
Now, I’m not at all far into the book (about 9% based on my Kindle), so it may blow me away. Perhaps the Bible will be used contextually and instead simply note how we are to care for the poor, etc. Perhaps the economic approach will make quite a bit of sense and be very adaptable. That said, I can’t wait to dive in and read more to see whether it may convince me. For now, what are your thoughts? Is there a “Biblical” Answer to Economic woes?
Sunday Quote– If you want to read more Sunday Quotes and join the discussion, check them out! (Scroll down for more)
Wayne Grudem and Barry Asmus, The Poverty of Nations: A Sustainable Solution (Wheaton, IL: Crossway, 2013).