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Economics in Christian Perspective: Theory, Policy and Life Choices

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Overview

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.

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  • Preface
  • Chapter 1 - Christian Faith in Relationship to Economic Activity: Framing the Issues
  • Chapter 2 - Markets: Mechanisms for Creating Good and Exercising Christian Responsibility
  • Chapter 3 - Public Finance: The Role of Government in the Provision of Goods and Services
  • Chapter 4 - Savior or Leviathan?: The Role of Government in Our Daily Lives
  • Chapter 5 - Creation Care: Exercising Good Stewardship in the Garden
  • Chapter 6 - The Big Picture: Issues in Macroeconomic Policy
  • Chapter 7 - What Do We Know About Monetary and Fiscal Policy?
  • Chapter 8 - International Economic Relations: Hope for the Third World
  • Chapter 9 - Work and Vocation: What Is in Your Hand?
  • Chapter 10 - Rich Man, Poor Man, Beggar Man, Thief: Attending to the Poor or Worrying About Income Gaps?
  • Chapter 11 - Going Beyond Markets: Renewing Neighborhoods, Reconciling People and Restoring Hope
  • Epilogue: Nine Big Ideas from Economics That Can Help You Be a Good Steward Every Day
  • References
  • Author Index
  • Subject Index
  • Scripture Index
Claar and Klay ask how Christians with shared values can affect outcomes in a market-based democratic economy. They expand traditional economic analysis of self-interested consumers, profit-seeking firms and elected governments to include groups of individuals with common interests such as churches and faith-based organizations. They illustrate that the latter, by pooling resources, can influence the production and delivery of desired services such as feeding the poor, sheltering the homeless and healing the sick, locally, nationally and globally within established economic structures.

Robert H. Rasche, Michigan State University

This short book has lofty goals. One purpose is to explain the economic process, emphasizing the benefits of free markets and voluntary choice. The second task is Christian reflection on economic involvement from an evangelical perspective. The result enriches economic and biblical understanding.

John Pisciotta, Associate Professor of Economics, Baylor University

This book meets an important need for Christians who want to think carefully about economics. Claar and Klay combine sound economics and the moral demands of a lively Christian faith to create integrated, practical advice for all believers seeking to make a concrete difference in the world. This book is a great resource for any Christian trying to make sense of the many seemingly irreconcilable demands of Christian faith and economic analysis.

Andrew M. Yuengert, Professor of Economics, Pepperdine Universit

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    $17.99