Friday, January 29, 2010

Is Capitalism Dead?

Calvin and Commerce: Transforming Power of Calvinism in Market Economies

by David Hall and Matthew Burton

Is capitalism dead? Beyond recovery? Our current economic climate is leading more and more people to think so. Hall and Burton ardently defend capitalism as consistent with biblical teaching and sensible as well. They draw on John Calvin's insights from Scripture and their own expertise in theology and finance to highlight a way out of our economic morass.

"The first time you read this book, you'll be amazed at is breadth and scope. Then on your second and third reading - and you'll find it that compelling - you'll be amazed at the awareness and application of Calvin's thinking on literally hundreds of details regarding business, commerce, and stewardship. Especially for a nation drifting rapidly toward socialistic assumptions, this is crucial reading." - Joel Belz, Founder, World Magazine

"What we really need now, more than any time in the last fifty years, is a thorough renewal of our understanding and commitment to a Reformed worldview on the markets. Carefully opening up Calvin's radically biblical, Christ-centered application of the creation, fall and redemption motif to the matter of market economics, this very readable book enables the reader to navigate the infamous criticism and frequent misunderstandings of free markets to discover a truly free market model." - Michael Milton, President and Professor of Practical Theology, Reformed Theological Seminary

1 comment:

Dr. Bacon said...

The recent "difficulties" in our economy are not the result of the "failure" of capitalism. Quite the opposite. Failure of individual businesses (including banks) is a signal that those businesses were inefficient at bringing needed items to the market or they were not bringing needed items at all.

When the government "bails out" business failures they are not saving capitalism, but undermining it at the most basic level. Just as the host body must cast off dead skin and repair tissue, so also a healthy economy casts off the dead weight of unproductive businesses.

This WOULD BE capitalism at work, were it not for the government interfering in the marketplace, which is a pretty good "rule of thumb" definition of economic fascism.