Friday, November 16, 2012

Stamm Review of Foundations of Economics Now Online

K. Brad Stamm's review of Foundations of Economics that appeared in the Fall 2010 issue of Faith and Economics is now online. You can access it by clicking here.

As I noted when the review was published in hard copy:

Right off the bat, Stamm's review made me glad by describing my book as "both a text and a treatise combining various scriptures with the philosophical contributions of free market advocates such as Ludwig von Mises [and] Murray Rothbard. . ." That shows me that Stamm understands the nature of the book. It is not meant to be merely a text in the conventional sense, but it also is not meant to be a work of theology. It is meant to be an introduction to the foundations of economics and economic principles within a Christian theological and ethical framework.

Stamm concludes his review by putting me in some rather distinguished company:

As we move further away from a market-oriented economy, the likelihood of Friedrich A von Hayek, Peter J. Boettke of George Mason University, or Shawn Ritenour, being vindicated, seems to be ever increasing. Finally, Foundations of Economics adds to the literature important concepts and applications that could assist Christian economists in developing a Christian economics taxonomy. . . .
I did note is that there is an error when Stamm quotes me on the issue of poverty on page 151 of the review. He quotes me as saying "God does not make it clear that we are to help the poor" p. 441). My text actually reads as follows:
God does make it clear that we are to help the poor. We are to be imitators of God and he tells us that he cares for the poor (Ps. 35:10). God tells us that the poor and orphaned are to be defended from would-be oppressors (Ps. 82:3). We definitely should not turn a deaf ear to the cry of the poor. In fact, God tells us that whoever ignores the plight of the poor himself shall not be heard when he calls for help (Prov. 21:13). God tells us that in times of trouble, he will deliver the one who has consideration on the poor (Ps. 41:1). Whoever is charitable to the poor lends to the Lord and God will repay him for his generosity (Prov. 19:17). The mandate to minister to the poor even includes our poor enemies (Prov. 25:21).

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