Sunday, October 20, 2013

Economics Is Part of God's Created Order

It is not uncommon to hear Christians call for economic policy designed to relieve human suffering. Certainly, as Christians who are called to love our neighbors as ourselves, we should and do have compassion on our suffering neighbor. Yet some approaches, while well-intended, may in fact lead to more economic hardship and less human flourishing.

This is unfortunate, because such fanciful thought only leads to frustration and the furtherance of economic woe. We cannot afford to recommend solutions to suffering that are in conflict with economic principles.

There is such a thing as economic law that cannot be thwarted without consequence. Laws of economics, such as the law of marginal utility, the law of comparative advantage, and the law of demand, are not mere ideological biases, but rather are part of the created order sustained by our Maker.

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