I saw that Stand to Reason’s Amy Hall blogged about a lecture by Jay Richards, a Christian expert in economics. Amy linked to this post by Justin Taylor which summarizes the talk (above).
Summary:
Establish and maintain the rule of law.
Focus the jurisdiction of government on maintaining the rule of law, and limit its jurisdiction over the economy and the institutions of civil society.
Implement a formal property system with consistent and accessible means for securing a clear title to property one owns.
Encourage economic freedom: Allow people to trade goods and services unencumbered by tariffs, subsidies, price controls, undue regulation, and restrictive immigration policies.
Encourage stable families and other important private institutions that mediate between the individual and the state.
Encourage belief in the truth that the universe is purposeful and makes sense.
Encourage the right cultural mores—orientation to the future and the belief that progress but not utopia is possible in this life; willingness to save and delay gratification; willingness to risk, to respect the rights and property of others, to be diligent, to be thrifty.
Instill a proper understanding of the nature of wealth and poverty—that wealth is created, that free trade is win-win, that risk is essential to enterprise, that trade-offs are unavoidable, that the success of others need not come at your expense, and that you can pursue legitimate self-interest and the common good at the same time.
Focus on your comparative advantage rather than protecting what used to be your competitive advantage.
Work hard.
His book “Money, Greed and God” is a perfect introduction to economics and how it relates to the Christian worldview. I always encourage Christians to move beyond good intentions to good results by studying economics. We are supposed to be helping the poor, but how should we do it? Economics is the science that allows us to understand which policies we should support to do that.
Here’s a good basic introduction to the free enterprise system by Dr. Jay Richards:
In this lecture, Dr. Richards covers the following topics:
the piety myth – thinking that good intentions matter more than good results
the greed myth – thinking that capitalism is about greed instead of about innovation and serving others
the zero sum game myth – thinking that voluntary exchanges between buyers and sellers result in win-lose outcomes
the materialist myth – thinking that there is only a set amount of wealth to be divided by competition
It turns out that the best system for lifting the poor out of poverty – by work or charity – is the economic system that creates wealth through human ingenuity and hard work. That system is the free enterprise system.
Something to read?
If you can’t listen to the lecture and don’t want to buy the whole book “Money, Greed and God?” Then I have a series of posts on each chapter for you.
Part 1: The Eight Most Common Myths about Wealth, Poverty, and Free Enterprise
Part 2: Can’t We Build A Just Society?
Part 3: The Piety Myth
Part 4: The Myth of the Zero Sum Game
Part 5: Is Wealth Created or Transferred?
Part 6: Is Free Enterprise Based on Greed?
Part 7: Hasn’t Christianity Always Opposed Free Enterprise?
Part 8: Does Free Enterprise Lead to An Ugly Consumerist Culture?
Part 9: Will We Use Up All Our Resources?
Part 10: Are Markets An Example of Providence?
Parts 4 and 5 are my favorites. It’s so hard to choose one to excerpt, but I must. I will choose… Part 4.
Here’s the problem:
Myth #3: The Zero Sum Game Myth – believing that trade requires a winner and a loser.
One reason people believe this myth is because they misunderstand how economic value is determined. Economic thinkers with views as diverse as Adam Smith and Karl Marx believed economic value was determined by the labor theory of value. This theory stipulates that the cost to produce an object determines its economic value.
According to this theory, if you build a house that costs you $500,000 to build, that house is worth $500,000. But what if no one can or wants to buy the house? Then what is it worth?
Medieval church scholars put forth a very different theory, one derived from human nature: economic value is in the eye of the beholder. The economic value of an object is determined by how much someone is willing to give up to get that object. This is the subjective theory of value.
And here’s an example of how to avoid the problem:
How you determine economic value affects whether you view free enterprise as a zero-sum game, or a win-win game in which both participants benefit.
Let’s return to the example of the $500,000 house. As the developer of the house, you hire workers to build the house. You then sell it for more than $500,000. According to the labor theory of value, you have taken more than the good is actually worth. You’ve exploited the buyer and your workers by taking this surplus value. You win, they lose.
Yet this situation looks different according to the subjective theory of value. Here, everybody wins. You market and sell the house for more than it cost to produce, but not more than customers will freely pay. The buyer is not forced to pay a cost he doesn’t agree to. You are rewarded for your entrepreneurial effort. Your workers benefit, because you paid them the wages they agreed to when you hired them.
This illustration brings up a couple important points about free enterprise that are often overlooked:
1. Free exchange is a win-win game.
In win-win games, some players may end up better off than others, but everyone ends up better off than they were at the beginning. As the developer, you might make more than your workers. Yet the workers determined they would be better off by freely exchanging their labor for wages, than if they didn’t have the job at all.
A free market doesn’t guarantee that everyone wins in every competition. Rather, it allows many more win-win encounters than any other alternative.
2. The game is win-win because of rules set-up beforehand.
A free market is not a free-for-all in which everybody can do what they want. Any exchange must be free on both sides. Rule of law, contracts, and property rights are needed to ensure exchanges are conducted rightly. As the developer of the house, you’d be held accountable if you broke your contract and failed to pay workers what you promised.
An exchange that is free on both sides, in which no one is forced or tricked into participating, is a win-win game.
If you do get the book, be sure and skip the chapter on usury. It’s just not as engaging as the others, in my opinion.
Brian Auten has a book review posted up at Apologetics 315.
The book is “If There’s A God, Why Are There Atheists?”, by theologian R.C. Sproul. R.C. Sproul is one of my favorite theologians. The book in question has a very, very special place in my heart, because I think that it is one of the major reasons why I was able to resist pernicious ideas like religious pluralism and postmodernism for so long. Once you put on the glasses of Romans 1 and see for the first time what man is really doing with respect to God, you can never see things the same again. I’ll say more about this at the end, but let’s see what Brian wrote first.
The review
So often, you hear atheists complaining about religion is nothing but wish-fulfillment or some sort of crutch for people who are frightened by a variety of things. They think that God is invented to solve several problems. 1) how does the world work?, 2) is there meaning to suffering and evil?, 3) why should I be moral?, and 4) what will happen to me and my loved ones when I die?. On the atheistic view, God is just a crutch that people cling to out of weakness and ignorance. But is this really the case?
Sproul starts the book by investigating three atheists who sought to explain religious belief as a result of psychological factors.
Brian writes:
Before tackling the psychology of atheism, Sproul spends a chapter on the psychology of theism, from the perspective of Freud’s question “If there is no God, why is there religion?”11 What follows is an overview of various psychological explanations of theistic belief: Feuerbach’s “religion is a dream of the human mind.”12 Marx’s belief that religion is “due to the devious imagination of particular segment of mankind.”13 And Nietzche’s idea that “religion endures because weak men need it.”14 The author properly reiterates: “We must be careful to note that the above arguments can never be used as proof for the nonexistence of God. They can be useful for atheists who hear theists state that the only possible explanation for religion is the existence of God.”15 That being said, Sproul also reveals what these arguments presume:
Their arguments already presupposed the nonexistence of God. They were not dealing with the question, Is there a God? They were dealing with the question, Since there is no God, why is there religion?16
Sproul points out the weaknesses of each of these approaches and says “there are just as many arguments showing that unbelief has its roots in the psychological needs of man.”
Wow, could that really be true? What are the real reasons why people reject God? Does the Bible have anything to say about what those reasons are?
Brian cites Sproul’s contention:
The New Testament maintains that unbelief is generated not so much by intellectual causes as by moral and psychological ones. The problem is not that there is insufficient evidence to convince rational beings that there is a God, but that rational beings have a natural hostility to the being of God.
[…]Man’s desire is not that the omnipotent, personal Judeo-Christian God exist, but that He not exist.
In Romans 1:18-23, the apostle Paul explains what is really going on:
18The wrath of God is being revealed from heaven against all the godlessness and wickedness of men who suppress the truth by their wickedness,
19since what may be known about God is plain to them, because God has made it plain to them.
20For since the creation of the world God’s invisible qualities—his eternal power and divine nature—have been clearly seen, being understood from what has been made, so that men are without excuse.
21For although they knew God, they neither glorified him as God nor gave thanks to him, but their thinking became futile and their foolish hearts were darkened.
22Although they claimed to be wise, they became fools
23and exchanged the glory of the immortal God for images made to look like mortal man and birds and animals and reptiles.
On this blog, I regularly present many, many arguments for theism in general, and Christian theism in particular:
Sproul explains why atheists cannot allow themselves to live according to the evidence that is presented to them:
The cumulative effect of this knowledge that is clearly seen is to leave men ‘without excuse.’ Herein lies the basis of the universal guilt of man. No one can claim ignorance of the knowledge of God. No one can cite insufficient evidence for not believing in God. Though people are not persuaded by the evidence, this does not indicate an insufficiency in the evidence, but rather an insufficiency in man.
[…]The basic stages of man’s reaction to God can be formulated by means of the categories of trauma, repression, and substitution.
[…]If God exists, man cannot be a law unto himself. If God exists, man’s will-to-power is destined to run head-on into the will of God.
And this is the force that is animating atheists today. They don’t want to be accountable to God in a relationship, no matter what the evidence is. They have to deny it, so that they can be free to get the benefits of a universe designed for them, without having to give any recognition or acknowledgement back. If they have to lie to themselves to deny the evidence, they will do it. Anything to insulate themselves from the Creator and Designer who reveals himself in Jesus Christ.
The rest of the book review, and the book, deals with explaining in detail how atheists respond to an all-good, all-powerful, all-knowing Creator/Designer. I encourage you to click through and read the whole book review. You can read the review, and the book, and then investigate for yourself whether atheists really are like that.
My survey of atheists
By the way, did you all see my survey of atheists that I did a while back? It’s relevant because one of the questions I asked to my volunteers was “How you begin to follow Christ if it suddenly became clear to you that Christianity was objectively true?”. I got some very strange responses that dovetail nicely with Sproul’s book.
I would not follow. My own goals are all that I have, and all that I would continue to have in that unlikely situation. I would not yield my autonomy to anyone no matter what their authority to command me.
I would not follow, because God doesn’t want humans to act any particular way, and he doesn’t care what we do.
I would not follow. Head is spinning. Would go to physician to find out if hallucinating.
I hope I would be courageous enough to dedicate my life to rebellion against God.
I would not have to change anything unless forced to and all that would change is my actions not my values. I would certainly balk at someone trying to force me to change my behavior as would you if you were at the mercy of a moral objectivist who felt that all moral goodness is codified in the Koran.
He would have to convince me that what he wants for me is what I want for me.
Well Spent Journey did a similar survey of atheists, inspired by mine, and got this result on the relevant question:
12. How would you begin to follow Jesus if it became clear to you that Christianity was true?
– Would follow (5) – Wouldn’t follow (6) – Might follow the teachings of Jesus, but that isn’t Christianity (2) – It would depend on how this truth was revealed (3) – Christianity can’t be true (3)
– No answer given (4)
…What would be the hardest adjustment you would have to make to live a faithful, public Christian life?
– Adjusting wouldn’t be that difficult; would eagerly welcome knowing that Christianity was true (2)
– Praying, since it seems weird, creepy, and strange
– Trying to figure out how the Bible became so corrupted – Trying to convince myself that the God of the Bible is deserving of worship (2)
– Don’t think it would be possible to adjust – No clear response, or not applicable (16)
Yes, they really think like that! Just ask an atheist questions and you’ll see how “objective” they really are. Atheism is entirely psychological. It’s adopted in order to feel sufficient and to operate with autonomy, with the goal of self-centered pleasure-seeking above all. Evidence has nothing to do with it.
WINTERY KNIGHT 