A perfect economic system has not existed since sin entered this world, because of sin no economic system will ever be completely free from imperfections or injustices. This raises the question: which economic system will bring humanity closer to a utopian state. The book The Virtues of Capitalism written by Scott Rae and Austin Hill examines multiple economic systems, but argues that capitalism is the most virtuous and biblically appropriate economic system known to man. Most importantly, the authors explain why it is important to consult the Bible when choosing the best economic system. After the authors explain biblical economic standards, they begin to argue that capitalism is the most biblically based economic system. The authors then analyze the virtues of capitalism and how they align with the economic standards of the Bible. This essay will identify and analyze the author's argument for a biblical approach to economics, opposition to anti-free market systems, and the superiority of capitalism as an economic platform. The authors examine scriptures from various places in the Bible to argue that the Bible is full of economic advice. Furthermore, the authors (2010) state, “for centuries, cultures have viewed the Bible as a rich resource that has helped people think about how morality and economics come together.” (Hill & Rae, 2010, p. 23) The author's most basic understanding is that morality and economics are intertwined and to fully understand economics one must understand the economic standards of the Bible. Throughout the book, the authors have laid out seven biblical teachings on issues such as economics, wealth creation, poverty, injustice, and possessions. According to the authors, labor and production are good... middle of paper... We have not received much criticism over the years, and we have seen many arguments for and against the use of a free market system. However, I, along with the authors, believe that without capitalism, America could not be the country it is today. Although American society has faced many moral issues, the blame lies not with the economic system, but rather with the morally inept people who take advantage of the system and those who participate in it. The authors also develop their argument by raising issues that I was unable to include in this article, such as government intrusion into the free market system and corporate injustice. However, as I stated before, these are injustices arising from individuals, not from the foundations of the system. Capitalism aligns closely with the economic principles set forth in the Bible and is therefore a morally superior system.
tags