What is the purpose of money? Is it for our survival? For our status, significance, or success? Is it for the service of ourselves or for the service of others?
In a talk for the Oikonomia Network, theologian Darrell Bock sets out to answer the question, drawing from the numerous treatments of money in the book of Luke — from the rich fool and Lazarus’ wealthy neighbor to Zacchaeus and the widow’s mite. Continue Reading...
Over at his blog, Peter Boettke writes, “The idle rich are never really idle in a free market economy.”
Now while we might want to distinguish between the rich and their riches, could it be that even in their consumption, conspicuous or otherwise, the rich are contributing to a rising tide that lifts all boats? Continue Reading...
“If a man shuts his ears to the cry of the poor, he also shall cry himself, but shall not be heard.” Proverbs 21:13
I remember being very young and hearing a minister dramatically describe the flames and fires of hell in a sermon. Continue Reading...
Gary Becker and Richard Posner examine the increasing gap between the rich and poor in terms of wealth and income. This gap was most recently highlighted in a report that “the richest 2% of adults in the world own more than half of global household wealth,” and the richest 1% hold 40% of wealth. Continue Reading...