Capitalism’s reputation has taken a beating in light of the recent financial crisis. According to politicians and pundits from both sides of the spectrum, capitalism is to blame. Not so, say Austin Hill and Scott Rae, who argue in their new book The Virtues of Capitalism that capitalism is our best bet. In fact, according to Hill and Rae, capitalism “remains the preferred economic system, even the necessary economic system, for any society that upholds a true sense of human rights.”
Hill and Rae approach economics from a distinctly Christian perspective, showing capitalism to be both consistent with and supported by the Bible’s teachings. Contrary to some, the sharing of goods as described in Acts does not advocate socialism. The sharing of goods was voluntary, as opposed to forced. Moreover, the authors show that economics itself is deeply intertwined with moral issues. Economic conditions can act as a powerful motivator either to encourage or discourage virtuous conduct. “[B]e honest and ask yourself: Is it ever more difficult to be the kind of spouse or parent that one aspires to be, when the economy is slow and personal finances are scares? … [W]hen finances are plentiful, can the enjoyment of material goods enable a person to avoid or neglect other important areas of their relationships? And a final question… can economics impact one’s relationship with their God.”
[…]Overall, it’s a great and easy to understand book.
Tim likes the book “Money, Greed and God” by Jay Richards better, but that’s a tougher book to read – not for beginners. I’m shocked because I didn’t figure out my worldview regarding economics until my late 20s. Tim is a high school junior. Yipes! He must have good parents.
I recommend this new capitalism and Christianity book for courting Christian women, who are usually fiscally liberal until they get married and start families. It’s only 160 pages and it should be enough to convince any horrible socialist to give capitalism a chance. I also switched to “On Guard” for courting instead of the more difficult “Reasonable Faith”, at least for a first book. No sense scaring her off with something hard right at the start.