Book Plunge: Capitalism and the Historians

What do I think of this book published by University of Chicago Press? Let’s plunge into the Deeper Waters and find out.

Being in ministry, sometimes it’s thought among my fellow Christians that you only really need to study things related to your job and then the Bible. You might add in philosophy and history. If you’re married, you could include marriage. Some form of self-help could apply, but why do Christians need to bother themselves with issues like politics or economics or even science?

This is a great weakness of ours.

This is our Father’s world and that includes not just the history and philosophy of it nor what is found in the Bible, but also economic theory and political theory and science. This time, I’m going to be focusing on economic theory since this is a book about capitalism. Why should a Christian read something like this?

We should because if we want to know how best to use the resources we have been given efficiently, we need a good study of economics. Note I didn’t say use of money but use of resources. Money is a resource, but economics is about more than just money.

How do we best reach the poor and help them? Is it through Capitalism or through Socialism? What is the big problem with Communism? Considering the political upheaval in America now, we need to know more about these.

So you read a book like this. This book looks at the way intellectuals and historians have looked at Capitalism. Many of these approaches made make tremendous mistakes and the book strives to point them out. Note that these are written by intellectuals for intellectuals. This is not a simple read for someone wanting a casual entry into the subject. Such a person would be better served by a book such as Economics in One Lesson.

It’s fascinating to find out how many intellectuals can really take a shallow approach to issues in economics and just go from that basis. This isn’t just about our own modern times, but times shortly after the Industrial Revolution. How did Capitalism play a role in that? What about factory labor and child labor?

If there’s any lesson to learn here, it’s to try to go back to the original sources first. That is not done enough. Right now, we in America have been blessed greatly by having a Capitalist economy. It’s my fear that if we move away from that, we will move away from so much that makes us a great nation. I sincerely hope that more people, especially Christians, will read more on economic theory, which includes books like this one.

In Christ,
Nick Peters
(And I affirm the virgin birth)

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