This was a model for some of the modern forms of economy.īy the time of the Middle Ages, the concept of the corporation ( persona ficta) was formed through the Church. Joseph, taking control of Egypt’s grain supplies during the seven years of plenty to sell back during the seven lean years is an example of the polis controlling the economy. Over time, in some cultures, the center of economic activity shifted from the family and clan to the state ( polis), in any of its forms. This extended family was the primary center of production, distribution, and consumption. The oikos included not only the nuclear family, but also the clan and tribe-Abraham’s clan being a good example. The earliest economies were centered on the family and household ( oikos). In truth, economic life is not separate from religious influence nor can it exist without the principles God has laid out for us. This leaves economics as seemingly cold and heart-less, a “science” that does not consider the religious roots of business activity. However, modern economics from Adam Smith’s Wealth of Nations and Karl Marx’s Das Kapital to the modern economic theories of John Maynard Keynes and Ludwig von Mises has separated religion from the “economic sciences.” Over time, Biblical themes have formed the development of Western ideas of fair weights and measures, fiduciaries, usury, property, stewardship, and charity, to name a few of the concepts. Economics also was a matter of concern to Moses and Solomon.
#BIBLICAL PRINCIPLE DEFINITION HOW TO#
The question of how to organize the economic life of society has occupied the world’s leaders and thinkers since at least the time of the patriarch Joseph in Egypt. Nothing in this definition talks about the God “from Whom all blessings flow.” They talk about economics and labor but miss the spiritual aspect.Įconomics is defined as, “The principles that control the production, distribution, and consumption of the material means of satisfying human desires.” They will discuss the superiority of the Keynesian 1 vs. How has the world gotten into the state it is in?Įconomists will talk about economic theories. It seems as if every country is in debt to every other country. The economies of the world are in crisis. “Not that I speak in respect of want: for I have learned, in whatsoever state I am, therewith to be content.”
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