Sunday, February 20, 2011

Connections Between Christianity and Austrian Economics

As my book, Foundations of Economics makes abundantly clear, I think there is no doubt that economics in the causal-realist tradition of Mises and Rothbard is compatible with the Christian doctrine of man and the created order. I am not alone in this conviction. Back in 2003 Paul Cleveland had an article published in Markets and Morality that highlights some connections between Christianity and economics that takes the totality of human action into account. The article's abstract reads as follows:
The aim of this article is to clarify why the Austrian approach to economic analysis provides a good anthropological fit with Christian theology in seeking to develop an integrative science. In doing so, the article affirms and supports the three-volume work of the Acton Institute, which aims to provide a foundational basis for economic personalism.

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