Economics

Knowing how money makes the world go 'round...

Knowledge and understanding of economic issues enhance our political and social awareness. From a Christian perspective, the three major factors in production - labour, natural resources and capital - are treated in a distinctive manner. Labour is to be viewed not just as a factor in production, but as a creation of God deserving equity and social justice. Stewardship of natural resources is not merely the manipulation of inputs, but the responsible management of God's gifts. Consideration of capital requires going beyond the usual concerns of profit maximization or optimization under various forms of market structure to issues of social answerability with regard to both resources and labor. Evaluation of government economic policies is to take place from the broader perspective of Christian responsibility, rather than the narrower ones of either economic efficiency or political expediency.

Economics

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